201 Chauncey Street
Brooklyn, NY 11233
Cross street:Malcolm X Boulevard

Building

Type:Low-rise
Era:Pre-war
Floors:4

Property

Ownership: Rental Property
Rooms: 32
Bedrooms: Studio

Financials

Price:$4,595,000
Listing Courtesy of Douglas Elliman Real Estate

VIRTUALLY STAGED PHOTOS CAP RATE 8 Presenting a premier investment opportunity at 199 and 201 Chauncey Street, in the heart of the highly desirable Bedford Stuyvesant neighborhood of Brooklyn.

    Description

    VIRTUALLY STAGED PHOTOS - CAP RATE 8%

    Presenting a premier investment opportunity at 199 and 201 Chauncey Street, in the heart of the highly desirable Bedford-Stuyvesant neighborhood of Brooklyn.

    Property Overview

    • Contemporary two-building asset built in 2017
    • 16 thoughtfully designed one-bedroom units across 4 stories
    • Modern finishes and high-quality craftsmanship throughout
    • Bright, open layouts optimized for natural light and flexible design

    Unit and Design Highlights

    • Spacious, efficient floor plans that maximize livable space
    • Sleek, contemporary interiors with premium materials
    • Versatile design options to suit a minimalist or personalized aesthetic
    • Each unit crafted to deliver comfort, convenience, and lasting appeal

    Neighborhood and Location Benefits

    • Prime Bed-Stuy setting with a vibrant, evolving urban culture
    • Abundant local attractions, shops, cafes, and cultural landmarks nearby
    • Strong public transportation access for effortless commutes to Manhattan and across Brooklyn
    • A neighborhood experiencing continuous growth and revitalization, attracting residents and investors alike

    Investment Highlights

    • Rental Income (2025): $441,773.57
    • Operating Expenses: $71,128.64
    • Net Operating Income (NOI): $370,644.93
    • Cap Rate: 8

    Why This Is an Attractive Investment

    • Scale and consistency: 16 well-positioned one-bedroom units across a modern four-story building
    • Stability with upside: Established asset class in a high-demand market with potential for rent optimization and value-add opportunities
    • Location-driven demand: Walkable neighborhood with abundant amenities and excellent transit access
    • Efficient operating profile: Solid NOI with favorable expense structure

    Financial Snapshot (for quick reference)

    • Annual Rental Income (2025): $441,773.57
    • Annual Expenses: $71,128.64
    • NOI: $370,644.93
    • Cap Rate: 8

    This listing offers a compelling blend of modern construction, desirable urban living, and strong, sponsor-friendly investment metrics. For more details, schedule a viewing, or request a comprehensive financial package and property tour, please contact us.

    Amenities

    Roof Deck;
    • Roof Deck
    • Voice Intercom

    Neighborhood

    More listings:

    OLR IDX

    RLS Data display by Nest Seekers LLC.

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.