278 Chauncey StreetBrooklyn, NY 11233
Kings (Brooklyn) County
Description
Value-Add Multifamily Investment | Approx. 10% Cap Rate Exceptional opportunity to acquire an 8-unit brick multifamily building in the heart of Stuyvesant Heights, Brooklyn. This four-story walk-up offers approximately 6,300 square feet on a 25’ x 100’ lot and consists of eight spacious railroad-style two-bedroom apartments, each featuring a full kitchen and bathroom. The property includes a full basement and is zoned R6B. This is an outstanding value-add investment with immediate income and tremendous upside. Several apartments have already been renovated, while the remaining units provide an excellent opportunity for an investor to complete renovations, reposition the asset, and significantly enhance rental income and overall value. With a projected 10% cap rate, this property presents an attractive opportunity for investors seeking both strong in-place cash flow and long-term appreciation. Whether you’re looking to expand your portfolio or execute a strategic repositioning, this building offers exceptional potential. Property Highlights 8 Residential Apartments Eight (8) Two-Bedroom Railroad Units Brick Façade Construction Approximately 6,300 SF Four Stories with Full Basement R6B Zoning Strong Income-Producing Asset Excellent Value-Add / Repositioning Opportunity Significant Upside Through Renovations Ideal for Investors Seeking Cash Flow and Appreciation Seller Extremely Motivated Ideally located in one of Brooklyn’s most desirable and rapidly appreciating neighborhoods, the property is surrounded by restaurants, shopping, parks, schools, and convenient public transportation.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Year built
- 1920
- Stories
- 4
- Building area
- 6,300 Sq Ft
- Lot size
- 0.06 acres
- Days on market
- 50
- MLS® Listing#
- 1028149
Property Features
- Cooling
- None
- Heating
- Baseboard
- Basement
- Finished
- Parking
- Assigned
- Construction
- Brick
- Utilities
- See Remarks
- Sewer
- Public Sewer
- Water source
- Public
Schools
- Elementary
- Contact Agent
- Middle
- Call Listing Agent
- High
- Contact Agent
Financial Details
- Annual taxes
- $9,592
- Assessed value
- $779,850
- Parcel number
- 01513-0014
Directions
google maps
Listing Courtesy: Exit Realty First Choice - 7183802500
Fair Housing NoticeLocation
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 847 Utica Avenue, Brooklyn, NY | $1,550,000 | — | — | 2,600 |
| 40-12 67th Street, Woodside, NY | $1,550,000 | — | — | 4,800 |
| 47-44 43rd Street, Woodside, NY | $1,400,000 | — | — | 5,148 |
| 75 Stagg Street, Brooklyn, NY | $1,650,000 | — | — | 2,000 |