1 of 6

2 of 6

3 of 6

4 of 6

5 of 6

6 of 6

•  Media
• Map
• Street View

481 Chauncey St
Brooklyn, NY 11233 Ocean Hill

$2,600,000 USD

Apartments For Sale  •  5,657 SF

Property Details

• Property Type Apartments
• Total Building Size 5,537 SF
• Lot Size 0.06 AC
• Building Class B
• Year Built 1905
• Cap Rate 6.91 %
• Zoning R6

100 Transit Score

84 Walk Score

Highlights

Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement

Tree-Lined Block: Located on a quiet residential block, lined with cypress and elm trees

Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years

Transportation Accessibility: 2 blocks to Chauncey Street J & Z trains, 7 blocks to Bushwick Averdeen L-train, 5 blocks to Rockaway Avenue C-train

Efficient Layouts: Large air shaft provides spacious and bright unit layouts

Low Maintenance: Building was fully renovated in 2017 and has been meticulously maintained since, with no need for short term capital improvements

Cap Rate:

6.91 %

Amenities

• 24 Hour Access
• Microwave
• Refrigerator
• Oven
• Range
• Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	2 min	18 min	1.0 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	7 min	-	2.3 mi
Transit/Subway	Drive	Walk	Distance
Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	1 min	5 min	0.3 mi
Halsey Street (J Line) (J - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Ralph Avenue (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Bushwick Avenue-Aberdeen Street (L - New York MTA Subway (The Subway))	2 min	12 min	0.6 mi
Airport	Drive	Walk	Distance
Laguardia	19 min	-	8.4 mi
John F Kennedy International	18 min	-	9.4 mi
Newark Liberty International	34 min	-	17.6 mi