Stuyvesant Heights, Brooklyn, NY 11233
Property Type
Multi Family
Views
Other
Central AC
No
Pets Allowed
Yes
Year Built
2016
Listing courtesy of Anil Jintoorkar of Douglas Elliman Real Estate.
VIRTUALLY STAGED PHOTOS - CAP RATE 8% Presenting a premier investment opportunity at 199 and 201 Chauncey Street, in the heart of the highly desirable Bedford-Stuyvesant neighborhood of Brooklyn. Property Overview Contemporary two-building asset built in 2017 16 thoughtfully designed one-bedroom units across 4 stories Modern finishes and high-quality craftsmanship throughout Bright, open layouts optimized for natural light and flexible design Unit and Design Highlights Spacious, efficient floor plans that maximize livable space Sleek, contemporary interiors with premium materials Versatile design options to suit a minimalist or personalized aesthetic Each unit crafted to deliver comfort, convenience, and lasting appeal Neighborhood and Location Benefits Prime Bed-Stuy setting with a vibrant, evolving urban culture Abundant local attractions, shops, cafes, and cultural landmarks nearby Strong public transportation access for effortless commutes to Manhattan and across Brooklyn A neighborhood experiencing continuous growth and revitalization, attracting residents and investors alike Investment Highlights Rental Income (2025): $441,773.57 Operating Expenses: $71,128.64 Net Operating Income (NOI): $370,644.93 Cap Rate: 8 Why This Is an Attractive Investment Scale and consistency: 16 well-positioned one-bedroom units across a modern four-story building Stability with upside: Established asset class in a high-demand market with potential for rent optimization and value-add opportunities Location-driven demand: Walkable neighborhood with abundant amenities and excellent transit access Efficient operating profile: Solid NOI with favorable expense structure Financial Snapshot (for quick reference) Annual Rental Income (2025): $441,773.57 Annual Expenses: $71,128.64 NOI: $370,644.93 Cap Rate: 8 This listing offers a compelling blend of modern construction, desirable urban living, and strong, sponsor-friendly investment metrics. For more details, schedule a viewing, or request a comprehensive financial package and property tour, please contact us.
16
16
16
Brooklyn
RLS20099103
Stuyvesant Heights
Building None
Multi Family
Other
2016
Green Building
Green Building
Building In Basement
Townhouse
8
4
2016
Yes
Stuyvesant Heights
Brooklyn
Other
Other
Yes - Other
Yes
Smoke Free
32
Total$24,087.33/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

Stuyvesant Heights is a historic sub-neighborhood within Bedford-Stuyvesant in central Brooklyn, recognized for its brownstone-lined blocks and preserved late-19th- and early-20th-century architecture.
RLSat REBNYThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
Last Updated: Jul 2, 2026 at 3:16 AM
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