Mary Lynn Martin
New Listing - 06/22/2026
Listing courtesy of Douglas Elliman Real Estate (212) 891-7000
201 CHAUNCEY Street, Brooklyn, (Stuyvesant Heights), NY, 11233
32 rooms
16 beds
16 Full baths
2016
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.
Status:
Active
Town:
Brooklyn
Type:
Condo/Coop
Laundry Remarks:
Building In Basement
Units:
8
Cooling:
Other
Basement:
Other
Levels:
4
Lot Size:
108.00x50.00
View Description:
Other
Pet Policy:
Building Yes, No
Pool:
Building None
MLS #:
RLS20099103
Community Info
School Info
Walk Score
Mass Transit
Yelp
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