Preserved Limestone Duplex
For Sale
$2,300,000
101 Chauncey Street, Brooklyn, NY 11233
Legal two-family layout includes a renovated English basement with kitchen, full bath, storage, and upgraded electrical service.
Property Size3,573 SF
Price / SF$643.72
Days on Market60
Property Features for 101 Chauncey Street
General Information
Standard status
Active
Size
3,573 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,464
Building Details
Building Size
3,573 SF
Year Built
1901
Buildings
1
Construction
Renaissance Revival
Listing Agency:
Compass
Listed By:
Nichole Thompson-Adams
(917) 548-6196
Source:
Howardhannanyc
Added: Sep 8
Changed: Nov 5
Last Checked: Nov 4 at 9:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This 3,573-square-foot legal two-family townhouse was built in 1901 and features a 20-foot-wide Renaissance Revival limestone facade. The property retains original parquet floors with decorative inlays, pocket doors, stained glass, millwork, moldings, vintage hardware, coffered ceilings, ceiling medallions, and 10-foot ceilings. South-facing exposure, along with skylights over the central hallway and upper landing, brings natural light into the interior. The formal rooms also include original architectural detailing and a decorative balcony fronts the exterior.
The renovated English basement adds a kitchen, full bathroom, new flooring, generous storage, and upgraded electrical service. It can function as part of the two-family arrangement or support other household configurations described for the property. The townhouse is located one block from the Utica Avenue A and C subway lines and near Fulton Park, restaurants, cafes, and neighborhood destinations in Bedford-Stuyvesant. Architect William Debus is credited with the design.
The renovated English basement adds a kitchen, full bathroom, new flooring, generous storage, and upgraded electrical service. It can function as part of the two-family arrangement or support other household configurations described for the property. The townhouse is located one block from the Utica Avenue A and C subway lines and near Fulton Park, restaurants, cafes, and neighborhood destinations in Bedford-Stuyvesant. Architect William Debus is credited with the design.
Key Highlights
- 3,573‑square‑foot legal two‑family townhouse built in 1901
- 20‑foot‑wide Renaissance Revival limestone townhouse
- Original parquet floors, pocket doors, stained glass, millwork, and coffered ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,133
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,660
$2.5M
Cap Rate 7%
$1,787,614
$1.8M
Cap Rate 9%
$1,390,367
$1.4M
Market Conditions
NOI Build-Up for 3,573 SF
Gross rent
$182.2K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$178.8K $50.03/SF
− OpEx
−$53.6K −$15.01/SF
NOI
$125.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,660
Cap Rate 7%
$1,787,614
Cap Rate 9%
$1,390,367
Alternative Uses
Best Use
Multifamily LT 5
$1.79M
$1.56M – $2.09M
NOI $125,133 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $109,080 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,091 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,709
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family layout includes a renovated English basement with kitchen, full bath, storage, and upgraded electrical service.
Where is this duplex located?
The property is located at 101 Chauncey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 3,573‑square‑foot legal two‑family townhouse built in 1901; 20‑foot‑wide Renaissance Revival limestone townhouse; Original parquet floors, pocket doors, stained glass, millwork, and coffered ceilings
