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$1,500,000

For Sale

7 hours ago

278 Chauncey St, Brooklyn, NY

House

MLS® 1028149

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $9,592
Days Active 1
Lot Size 0.0574 Acres
Approx. Age 1920
MLS® Number 1028149

Property Address: 278 Chauncey St, Brooklyn, NY, 11233-2332

Average square foot calculated using Size range provided by listing agent.

Description

Value-Add Multifamily Investment | Approx. 10% Cap Rate Exceptional opportunity to acquire an 8-unit brick multifamily building in the heart of Stuyvesant Heights, Brooklyn. This four-story walk-up offers approximately 6, 300 square feet on a 25’ x 100’ lot and consists of eight spacious railroad-style two-bedroom apartments, each featuring a full kitchen and bathroom. The property includes a full basement and is zoned R6B. This is an outstanding value-add investment with immediate income and tremendous upside. Several apartments have already been renovated, while the remaining units provide an excellent opportunity for an investor to complete renovations, reposition the asset, and significantly enhance rental income and overall value. With a projected 10% cap rate, this property presents an attractive opportunity for investors seeking both strong in-place cash flow and long-term appreciation. Whether you’re looking to expand your portfolio or execute a strategic repositioning, this building offers exceptional potential. Property Highlights 8 Residential Apartments Eight (8) Two-Bedroom Railroad Units Brick Façade Construction Approximately 6, 300 SF Four Stories with Full Basement R6B Zoning Strong Income-Producing Asset Excellent Value-Add / Repositioning Opportunity Significant Upside Through Renovations Ideal for Investors Seeking Cash Flow and Appreciation Seller Extremely Motivated Ideally located in one of Brooklyn’s most desirable and rapidly appreciating neighborhoods, the property is surrounded by restaurants, shopping, parks, schools, and convenient public transportation.
MLS® Number1028149
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementFinished
DrivewayAssigned
Garage Spaces
HeatBaseboard
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 3, 2026List Date
$1,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
278 Chauncey St, Brooklyn, NY

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