377 Chauncey Street
Brooklyn, NY 11233
Cross street:Howard Avenue

Building

Type:Townhouse
Era:Post-war
Floors:3

Property

Ownership: Multi-Family
Rooms: 12
Bedrooms: Studio

Financials

Price:$1,900,000
Real estate tax:$8,832
Listing Courtesy of Douglas Elliman Real Estate

377 Chauncey Street presents the opportunity to acquire a well maintained six unit multifamily building in the heart of Brooklyn's highly sought after Stuyvesant Heights neighborhood.

Description

377 Chauncey Street presents the opportunity to acquire a well-maintained six-unit multifamily building in the heart of Brooklyn's highly sought-after Stuyvesant Heights neighborhood. Built circa 1906, the three-story property consists of six spacious approximately 2.5-bedroom, one-bath apartments, including four free-market units and two rent-stabilized units, providing a balance of stable in-place cash flow and long-term rental growth potential. Recent capital improvements include a new boiler installed in 2026, while the roof is reported to be approximately 10 years old, reducing near-term capital expenditure requirements. Several of the free-market apartments are currently rented below prevailing neighborhood levels, creating the opportunity to increase income over time through natural tenant turnover and strategic asset management. Located on one of Stuyvesant Heights' attractive residential blocks, 377 Chauncey Street benefits from strong demand driven by the neighborhood's historic brownstone character, convenient subway access, and continued investment throughout Central Brooklyn. Supported by recent comparable sales on Chauncey Street and in the surrounding area, the property offers investors the opportunity to acquire a well-positioned multifamily asset with dependable cash flow, upside in rental income, and long-term appreciation potential. Investment Highlights

  • Six-unit multifamily building in the heart of Stuyvesant Heights, Brooklyn.
  • Attractive unit mix consisting of four free-market apartments and two rent-stabilized apartments.
  • Six approximately 2.5-bedroom, one-bath layouts with strong tenant appeal.
  • Stable in-place income with meaningful upside through below-market free-market rents.
  • New boiler installed in 2026.
  • Roof reported to be approximately 10 years old.
  • Opportunity to increase NOI through strategic rent growth and asset management.
  • Supported by recent comparable sales within the immediate neighborhood.
  • Excellent long-term investment in one of Brooklyn's strongest multifamily markets.

Amenities

  • 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.