|
Brooklyn (Stuyvesant Heights), NY, 11233 | $4,595,000
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.
Features
- Town: Brooklyn
- Cooling: Other
- Levels: 4
- Rooms: 32
- Bedrooms: 16
- Baths: 16 full
- Lot Size: 108.00x50.00
- Laundry: Building In Basement
- Year Built: 2016
- Est. Taxes: $0
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RLS20099103
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/RLS20099103/201chaunceystreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Douglas Elliman Real Estate Phone: (212) 891-7000
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Brooklyn (Stuyvesant Heights), NY, 11233
$4,595,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,676,000 | $3,676,000 | $3,676,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $20,872 | $22,039 | $31,020 |
| Total Monthly Payment | $20,997 | $22,164 | $31,145 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535