336 Chauncey Street

About this property

336 Chauncey is a 12 unit, fully renovated, free market apartment building in Bedford Stuyvesant. The property has been legally destabilized with the DHCR office so none of the units are subject to rent stabilization.

The property is currently 100% occupied at below market rents representing an immediate upside potential for ownership.

An amazing 1031 opportunity in one of Brooklyn’s best submarkets.

Opportunity Highlights:

•100% Free Market Building with Destabilization Paperwork

•12 Units, Condo Quality Finishes

•17% below market rent

•Great Unit Mix with 1BRs, 2BRs, 3BRs and 4BRs.

•Excellent proximity to JZ/AC Subway lines

Property is fully occupied and rented at pre-Covid rents. Current rent roll is >20% below market which represents a significant value add opportunity in this market rate building.

Listing courtesy of Kevin Clark