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199 & 201 Chauncey St
199 & 201 Chauncey St, Brooklyn , NY 11233
199 & 201 Chauncey St, Brooklyn , NY 11233
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.
5,884 Sq.Ft. lot
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