481 Chauncey St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
481 Chauncey St
6 Unit Apartment Building $2,600,000 ($433,333/Unit) 6.91% Cap Rate Brooklyn, NY 11233
Investment Highlights
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement
- Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years
- Efficient Layouts: Large air shaft provides spacious and bright unit layouts
- Tree-Lined Block: Located on a quiet residential block, lined with cypress and elm trees
- Transportation Accessibility: 2 blocks to Chauncey Street J & Z trains, 7 blocks to Bushwick Averdeen L-train, 5 blocks to Rockaway Avenue C-train
- Low Maintenance: Building was fully renovated in 2017 and has been meticulously maintained since, with no need for short term capital improvements
Executive Summary
Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | $2,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $433,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.91% | Building Size | 5,537 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $2,600,000 |
| Price Per Unit | $433,333 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 5,537 SF |
| No. Stories | 3 |
| Year Built | 1905 |
| Opportunity Zone |
Yes |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
1 of 1
Walk Score ®
Very Walkable (84)
Transit Score ®
Rider's Paradise (100)
PROPERTY TAXES
| Parcel Number | 01510-0053 | Improvements Assessment | $284,310 |
| Land Assessment | $58,050 | Total Assessment | $342,360 |
PROPERTY TAXES
Parcel Number
01510-0053
Land Assessment
$58,050
Improvements Assessment
$284,310
Total Assessment
$342,360
zoning
| Zoning Code | R6 |
| R6 |
Contacts
-
DJ Johnston -
Henry Hill -
Bryan Kirk -
Jermaine Pugh -
Bobby Lawrence -
Matthews Real Estate Investment Services
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
481 Chauncey St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.