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… Read More 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. Read Less
Listing Courtesy of: Anil Jintoorkar, Douglas Elliman Real Estate
Listing Snapshot
Days Online
110
Last Updated
Property Type
MultiFamily
Beds
16
Full Baths
16
Year Built
2016
MLS Number
RLS20099103
Additional Details
Building
Built in 2016, Living area units: SquareFeet, 4 stories, Entry level: 1
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