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377 Chauncey St 6 Unit Apartment Building For Sale Brooklyn, NY 11233
Executive Summary
377 Chauncey Street is a fully tenanted, six-unit residential walk-up in Stuyvesant
Heights — four free-market apartments over a favorable rent-stabilized base of two
units, generating $90,858 in current net operating income against a $1,900,000 ask.
All six apartments are configured as approximately 2.5-bedroom, one-bath railroad-style
layouts. The boiler was replaced in 2026, and the roof is reported to be approximately
ten years old, limiting near-term capital exposure for an incoming buyer.
Four of the six units are free market, and current rents on those units sit meaningfully
below projected market levels — identifying roughly $2,350 per month ($28,200
annually) of achievable upside at turnover or renewal, without touching the two DHCRregistered
stabilized units.
A verified same-block sale at 375 Chauncey Street (July 2023, $2,235,000 / $372,500
per unit) provides a direct, like-for-like benchmark for value, supported by additional
same-street trading activity.
Heights — four free-market apartments over a favorable rent-stabilized base of two
units, generating $90,858 in current net operating income against a $1,900,000 ask.
All six apartments are configured as approximately 2.5-bedroom, one-bath railroad-style
layouts. The boiler was replaced in 2026, and the roof is reported to be approximately
ten years old, limiting near-term capital exposure for an incoming buyer.
Four of the six units are free market, and current rents on those units sit meaningfully
below projected market levels — identifying roughly $2,350 per month ($28,200
annually) of achievable upside at turnover or renewal, without touching the two DHCRregistered
stabilized units.
A verified same-block sale at 375 Chauncey Street (July 2023, $2,235,000 / $372,500
per unit) provides a direct, like-for-like benchmark for value, supported by additional
same-street trading activity.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 6 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 5,460 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1906 |
| Zoning | R6Brooklyn(C2) - Medium density residential district | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,460 SF |
| No. Stories | 3 |
| Year Built | 1906 |
| Zoning | R6Brooklyn(C2) - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01509-0065 | Improvements Assessment | $930,392 CAD |
| Land Assessment | $8,161 CAD | Total Assessment | $938,554 CAD |
Property Taxes
Parcel Number
01509-0065
Land Assessment
$8,161 CAD
Improvements Assessment
$930,392 CAD
Total Assessment
$938,554 CAD
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377 Chauncey St
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