199 & 201 Chauncey St

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Address: 199 & 201 Chauncey St
New York & Tri-State + Apartment Buildings
Created date: December 5, 2025
Date last updated: April 14, 2026
Price: $4,550,000Investment Analyzer NEW!
  • Two contiguous four-story New Construction multifamily buildings, totaling 16 residential units, in the heart of Bedford-Stuyvesant.
  • 199 Chauncey St is positioned on a 3,119 SF lot and features 5,611 SF of building area.
  • 201 Chauncey St sits on a 2,765 SF lot and also contains 5,611 SF of built space.
  • The properties benefit from a 421-a tax abatement in place until 2035, after which they will convert to 100% free-market units, creating substantial long-term upside.
  • The location offers excellent connectivity, just a 5-minute walk from the Utica Avenue [A, C] Subway Station for direct access to Manhattan and Downtown Brooklyn.
  • Residents also enjoy proximity to neighborhood amenities, parks, retail, and daily conveniences, reinforcing the assets’ strong rental demand and overall investment appeal.

Property Description

New Construction Multifamily Buildings: Two four-story buildings located in the highly sought-after Bedford-Stuyvesant neighborhood of Brooklyn. Residential Units: Each building comprises 8 residential units, totaling 16 units. Lot and Building Size: Situated on a 5,884 sf lot with a combined building area of 11,768 sf. Construction & Certification: Built in 2016 with Certificates of Occupancy issued in 2018. Tax Benefits: Properties currently benefit from a 421-a tax abatement through 2035, after which they will convert to 100% market-rate units, offering significant long-term upside. Prime Location: Just a five-minute walk to the Utica Avenue [A, C] Subway Station, providing direct access to Manhattan and Downtown Brooklyn. Amenities & Community: Residents enjoy convenient access to neighborhood amenities, parks, retail, and daily necessities, supporting strong rental demand and enhancing overall investment appeal.
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Broker Details

Sadya Liberow
Sadya Liberow

Asset CRG Advisors, LLC. (347) 762-4055

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,550,000
No. of Units: 16
Year Built: 2016
Lot Size: 0.14 Acres
Opportunity Zone: No
Price per unit: $284,375
Property Website Click Here
Address: 199 & 201 Chauncey St, Brooklyn, NY 11233, USA
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