Local Realty Service Provided By: Coldwell Banker Warburg
377 Chauncey Street #BUILDING, Brooklyn, NY 11233
$1,900,000
2
Beds
1
Bath
-
Sq Ft
Multi-Family
Active
Listed by
Jeffrey L Kessler
Douglas Elliman Real Estate
Last updated:
September 14, 2026, 11:13 AM
MLS#
RLS20107967
Source:
NY REBNY
About This Home
377 Chauncey Street presents the opportunity to acquire a well-maintained six-unit multifamily building in the heart of Brooklyn's highly sought-after Stuyvesant Heights neighborhood. Built circa 1906, the three-story property consists of six spacious approximately 2.5-bedroom, one-bath apartments, including four free-market units and two rent-stabilized units, providing a balance of stable in-place cash flow and long-term rental growth potential. Recent capital improvements include a new boiler installed in 2026, while the roof is reported to be approximately 10 years old, reducing near-term capital expenditure requirements. Several of the free-market apartments are currently rented below prevailing neighborhood levels, creating the opportunity to increase income over time through natural tenant turnover and strategic asset management. Located on one of Stuyvesant Heights' attractive residential blocks, 377 Chauncey Street benefits from strong demand driven by the neighborhood's historic brownstone character, convenient subway access, and continued investment throughout Central Brooklyn. Supported by recent comparable sales on Chauncey Street and in the surrounding area, the property offers investors the opportunity to acquire a well-positioned multifamily asset with dependable cash flow, upside in rental income, and long-term appreciation potential. Investment Highlights
- Six-unit multifamily building in the heart of Stuyvesant Heights, Brooklyn.
- Attractive unit mix consisting of four free-market apartments and two rent-stabilized apartments.
- Six approximately 2.5-bedroom, one-bath layouts with strong tenant appeal.
- Stable in-place income with meaningful upside through below-market free-market rents.
- New boiler installed in 2026.
- Roof reported to be approximately 10 years old.
- Opportunity to increase NOI through strategic rent growth and asset management.
- Supported by recent comparable sales within the immediate neighborhood.
- Excellent long-term investment in one of Brooklyn's strongest multifamily markets.
Home Facts
Multi-Family
1 Bath
2 Bedrooms
Built in 1906
Subdivision & Development:
Stuyvesant Heights
Price Summary
1,900,000
MLS #:
RLS20107967
Last Updated:
September 14, 2026, 11:13 AM
Added:
a month ago
Rooms & Interior
Bedrooms
Total Bedrooms:
2
Bathrooms
Total Bathrooms:
1
Full Bathrooms:
1
Structure
Structure
Year Built:
1906
Finances & Disclosures
Price:
$1,900,000
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Contact an Agent
Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.
If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.