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Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,742 sqft
Price per Sqft $455
Subdivision Stuyvesant Heights
MLS Listing ID RLS20097098
Bedrooms 7
Full Baths 5
Half Baths 2
HOA Y/N No
Year Built 2002
Annual Tax Amount $9,600
Property Sub-Type Multi Family
Property Description
The property is currently tenant-occupied and generating steady income, making it ideal for investors seeking immediate cash flow, but can also be delivered empty. Both residential units are operating on month-to-month leases, offering rare flexibility for either continued long-term rental income or future end-user occupancy. For owner-occupants, the opportunity to live in one unit while collecting rental income from the others can significantly help offset mortgage payments and carrying expenses.
In addition to the two residential units, the cellar level currently generates supplemental income, providing an additional revenue stream that further enhances the property's overall earning potential. The current 5.5% cap rate, presents a compelling opportunity in one of Brooklyn's most consistently appreciating neighborhoods.
A private rear backyard offers valuable outdoor living space - perfect for entertaining, gardening, relaxing, or simply enjoying a quiet retreat from city life. Outdoor space remains one of Brooklyn's most sought-after amenities and adds meaningful appeal for both tenants and future owners.
Apartment #1is a spacious floor-through 2-bedroom, 1.5-bath residence offering oversized living areas, hardwood floors, central HVAC, stainless steel appliances, in-unit washer & dryer, and thoughtfully updated finishes designed for comfortable city living.
Apartment #2 is a bright floor-through 2-bedroom, 1.5-bath residence featuring an additional skylit home office-ideal for remote work or creative space-along with the same modern conveniences and generous layout that make the property so appealing.
Located moments from the Ralph Avenue A/C subway station, commuting to Manhattan and Downtown Brooklyn is effortless. The home is surrounded by many of Bed-Stuy's favorite local establishments, including Saraghina, Peaches, Chez Oskar, Trad Room, L'Antagoniste, and Brooklyn Tea. Nearby neighborhood staples such as Herbert Von King Park, Hattie Carthan Community Garden, and Saratoga Park further enhance the strong community atmosphere that continues to make Bedford-Stuyvesant one of Brooklyn's most sought-after neighborhoods.
Whether you're an investor looking for strong income potential, a buyer seeking future owner-occupancy flexibility, or someone looking to secure a foothold in one of Brooklyn's most dynamic communities, 314 Chauncey Street presents an outstanding opportunity.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Ductless
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N No
View Other
Porch Patio
Private Pool Yes
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $800
Special Listing Condition Standard
Pets Allowed Building Yes, No
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716