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  • $4,595,000

    201 Chauncey St, Brooklyn, NY 11233

    16beds
    11,222sqft
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    Rental Unit
    Built in 2016
    -- sqft lot
    $4,457,300 Zestimate®
    $409/sqft
    $-- HOA

    What's special

    Modern four-story building
    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 is 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.
    24 days
    |
    305
    |
    11
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman 516-669-5615,

    Anil Jintoorkar,

    Jalak Gadda

    Source: StreetEasy,MLS#: S1834855

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 16
      • Full bathrooms: 16
      Appliances
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 11,222
      • Total interior livable area: 11,222 sqft

      Property

      Features
      • Patio & porch: Other, Deck
      • Exterior features: Balcony, Private Roof Deck
      Details
      • Parcel number: 016870068
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Rental Unit
      Condition
      • Year built: 2016

      Community & HOA

      Community
      • Subdivision: Stuyvesant Heights
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry, Roof Deck
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $409/sqft
      • Tax assessed value: $1,544,000
      • Annual tax amount: $67,014
      • Date on market: 6/22/2026

        Estimated market value

        $4,457,300

        $4.23M - $4.68M

        $3,845/mo

        Price history

        DateEventPrice
        6/22/2026Listed for sale$4,595,000+228.2%$409/sqft
        Source: StreetEasy #S1834855 Report a problem
        5/8/2023Listing removed--
        Source: Zillow Rentals Report a problem
        4/29/2023Listed for rent$2,975+5.3%
        Source: Zillow Rentals Report a problem
        4/6/2022Listing removed--
        Source: Douglas Elliman Report a problem
        3/16/2022Listed for rent$2,825
        Source: Douglas Elliman Report a problem
        2/28/2014Sold$1,400,000+374.6%$125/sqft
        Source: Public Record Report a problem
        3/10/2005Sold$295,000+400%$26/sqft
        Source: Public Record Report a problem
        10/27/1999Sold$59,000$5/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$67,014 +7.5%$694,800 +11.6%
        2024$62,365 $622,350 +2.4%
        2023-- $607,500 -8%
        2022-- $660,600 +25%
        2021-- $528,300 -8.9%
        2020$972 $579,600 -2%
        2019$972 $591,300 +58.7%
        2018-- $372,659 +49%
        2017$31,804 +1787.8%$250,055 +2802.2%
        2016$1,685 $8,616 -48.1%
        2015$1,685 -20.6%$16,588
        2014$2,121 $16,588 +5.5%
        2013-- $15,720 +1.2%
        2012-- $15,531 +6%
        2011-- $14,653 +6%
        2010-- $13,824
        2009-- $13,824 +0.8%
        2008-- $13,719 +6%
        2007-- $12,943 +6%
        2006-- $12,211 +6%
        2005-- $11,520
        2004-- $11,520
        2003-- $11,520 +0.8%
        2002-- $11,432 +6%
        2001-- $10,785 +6%
        2000-- $10,176
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Bedford-Stuyvesant

        Getting around

        90 / 100
        Very Walkable
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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