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.
Active
$4,595,000
201 Chauncey St, Brooklyn, NY 11233
16beds
11,222sqft
Rental Unit
Built in 2016
-- sqft lot
$4,458,900 Zestimate®
$409/sqft
$-- HOA
What's special
Modern four-story building
- 71 days
- 239
- 8
Zillow last checked:
Listing updated:
Listed by:
Douglas Elliman 516-669-5615,
Anil Jintoorkar,
Jalak Gadda
Source: StreetEasy,MLS#: S1834855
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
$4,458,900
$4.24M - $4.68M
$3,904/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Listed for sale | $4,595,000+228.2%$409/sqft |
Source: StreetEasy #S1834855 Report a problem | ||
| 5/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/29/2023 | Listed for rent | $2,975+5.3% |
Source: Zillow Rentals Report a problem | ||
| 4/6/2022 | Listing removed | -- |
Source: | ||
| 3/16/2022 | Listed for rent | $2,825 |
Source: | ||
| 2/28/2014 | Sold | $1,400,000+374.6%$125/sqft |
Source: Public Record Report a problem | ||
| 3/10/2005 | Sold | $295,000+400%$26/sqft |
Source: Public Record Report a problem | ||
| 10/27/1999 | Sold | $59,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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







