MLS#1028149
STATUSActive
PROPERTY TYPECommercial -
SCHOOLContact Agent
Property Description
Value-Add Multifamily Investment | Approx. 10% Cap RateExceptional 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 Highlights8 Residential ApartmentsEight (8) Two-Bedroom Railroad UnitsBrick Façade ConstructionApproximately 6,300 SFFour Stories with Full BasementR6B ZoningStrong Income-Producing AssetExcellent Value-Add / Repositioning OpportunitySignificant Upside Through RenovationsIdeal for Investors Seeking Cash Flow and AppreciationSeller Extremely MotivatedIdeally 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.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Finished
Cooling: None
Heating: Baseboard
Lot Size: 0.06 Acres
Stories: 4.0
Taxes: $9,591
Year Built: 1920
Feature Descriptions
Building Area Total: 6300
Cap Rate: 10
Days on Site: 1
Exterior: Brick
On Market Date: 2026-08-03
Parcel Number: 01513-0014
Parking Features: Assigned
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Tenant Pays: Electricity, Gas
Units: 8
Utilities: See Remarks
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Listed By / Shown By
Listing By
Agency Name: Exit Realty First Choice
Agency Contact: 718-380-2500
Shown By
Agent Name: Nancy Kalberer
Agent Phone: (516) 659-6593
Agency Title: Coldwell Banker American Homes
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278 Chauncey Street | MLS# 1028149
This commercial property located at 278 Chauncey Street , Brooklyn, NY 11233 is currently listed for sale with an asking price of $1,500,000. Chauncey Street is located within the Contact Agent school district. Search Brooklyn real estate on nancynavinkalberer.cbamhomes.com today.