314A CHAUNCEY Street, New York City, NY 11233

• 7 beds |
• 4 baths |
• 2,742 sqft

Property Description

5.5% Cap rate!! Welcome to 314 Chauncey Street - an exceptional investment or end usser opportunity nestled on a charming tree-lined block in the heart of Bedford-Stuyvesant's sought-after Stuyvesant Heights section. This well-maintained two-unit brick townhouse blends modern conveniences with the warmth and character that make Brooklyn living so desirable. 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.

Listing Status:

Active

Date Added:

June 12, 2026

Data Last Updated:

June 26, 2026 at 12:19AM

Listing Office:

Corcoran Group : (212) 355-3550

Listing Agent:

Amy Martinez Miller : (917) 502-0433

MLS ID:

RLS20097098

Interior

• General: Smoke Free
• Appliances: Washer Dryer Allowed
• Laundry: Washer HookupIn Unit
• Basement: Other
• A/C: Ductless

Exterior

• General: Private Outdoor Space Over 60 Sqft
• Pool: Building None

Construction

• General: 2

Location

• Originating MLS: RLS_REBNY
• County: Kings

Lot

• View: Other

Financial

• Source: RLS_REBNY