199-201 Chauncey St | Brooklyn, NY 11233
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- LoopNet Team
199-201 Chauncey St
Brooklyn, NY 11233
Multifamily Property For Sale · 16 Units
Investment Highlights
- Desirable Location: Located in Bedford-Stuyvesant on Chauncey Street between Malcolm X Boulevard and Patchen Avenue
- Units are outfitted with real hardwood flooring, central heating and air conditioning, washer / dryers, etc
- All units are rent stabilized under the 421a tax abatement and can be destabilized upon abatement expiration
- The property was delivered in 2018 and has been fully occupied since the start of leasing, translating to minimal required management
- The property benefits from the 15-year 421a Tax Abatement (in year 5 of 15), with a combined current annual tax bill of just $2,074
- Within blocks of the A & C trains at Gates Avenue and the J & Z trains at Gates Ave with direct access to Manhattan and Downtown Brooklyn
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 10,524 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid Rise | No. Stories | 4 |
| Building Class | B | Year Built | 2018 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 10,524 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2018 |
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $927,000 | |
| Land Assessment | $317,700 | Total Assessment | $1,244,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$317,700
Improvements Assessment
$927,000
Total Assessment
$1,244,700
zoning
| Zoning Code | R6B |
| R6B |
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