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.