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Brick Apartment Building
For Sale
$1,500,000

278 Chauncey Street, Brooklyn, NY 11233

MULTI_FAMILY - Brooklyn, NY

Property Size6,300 SF
Lot Size0.06 Acres
Price / SF$238.10
Days on Market23

Property Features for 278 Chauncey Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R6B
Rooms Basement
Parking features Assigned
Basement Finished
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Middle school Call Listing Agent
High school Contact Agent
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Directions google maps
Standard status Active
APN 01513-0014
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9592

Utilities

Sewer type Public Sewer
Heating system Baseboard
Water source Public

Building Details

Year built 1920
Floors in Building 4
Number of units 8
Building materials Brick
Listing Agency: Exit Realty First Choice
Listed By: Steven S. Benshabat
Added: Jul 20 Changed: Aug 3 Last Checked: Aug 11 at 3:06PM
MLS# 1028149

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-story brick walk-up contains eight two-bedroom railroad apartments, each with a full kitchen and bathroom. The building includes a full basement, baseboard heating, assigned parking, and public water and sewer service. Several apartments have been renovated, while other units remain available for further renovation. Built in 1920, the property occupies a 25' x 100' lot totaling 0.0574 acres and carries R6B zoning.

The building is located on Chauncey Street in Brooklyn’s Stuyvesant Heights area, near restaurants, shopping, parks, schools, and public transportation. The source information identifies a projected cap rate of approximately 10%.

Key Highlights

  • Eight residential apartments with two‑bedroom railroad layouts
  • Brick four‑story walk‑up building with a full basement
  • 25' x 100' lot totaling 0.0574 acres

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

3,337
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story walk-up with eight two-bedroom railroad apartments, full basement, and R6B zoning.
Where is this apartment building located?
The property is located at 278 Chauncey Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight residential apartments with two‑bedroom railroad layouts; Brick four‑story walk‑up building with a full basement; 25' x 100' lot totaling 0.0574 acres
More about this property
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