181 CHAUNCEY STREET

For Sale - Brooklyn - Bedford-Stuyvesant / Bed Stuy

$3,950,000

Net Operating Income: $219,502

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Key Details

Property Type
MultiFamily
Neighborhood
Bedford-Stuyvesant / Bed Stuy
Property Dimensions
25.0 x 55.0
Property Area
6,531 sq.ft.
Total Units:
8
Stories:
4
NOI
$219,502
Price
$3,950,000
Price Per Unit
$493,750
Cap Rate
5.6%

Listing Description

TerraCRG has been retained to exclusively represent ownership in the sale of 181 Chauncey Street, a free-market, multifamily property in Bed-Stuy, Brooklyn.
Located between Malcolm X Blvd and Patchen Ave, 181 Chauncey St is a brick, four-story, 5,500 SF building set on a 25 ft x 55 ft lot. The property consists of eight residential units, six two-bedroom and two two-bedroom duplexes. 7/8 units are occupied and the whole building has recently undergone a full gut renovation. The property has a gross annual income of $263,028 and an NOI of $219,502.

Property Details

Block/Lot:
1687/79
Lot Dimensions
25.0 x 109.17
Lot Area
2,794 sq.ft
Zoning:
R6B
FAR as Built:
1.97
Max FAR:
2.0
Fred BijouTerraCRG
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