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476 Chauncey Street
About This Property
Rich with prewar charm, the home retains beautiful crown moldings, herringbone hardwood floors, and period details throughout, while its exceptionally deep footprint-extending more than 65 feet-creates a scale and rhythm that invite imagination. Extending directly from the loft is a distinctive greenhouse-style space, bringing in natural light and creating an inspiring transition between the interior architecture and the garden beyond. A Juliet balcony adds another layer of historic character, while the dramatic loft-style space feels especially suited to an artist's studio, gallery, design workspace, library, or expansive living area. At the rear, a private garden directly abuts Marion Hopkinson Park, creating an unusually peaceful and secluded setting. Surrounded by greenery, the outdoor space feels intimate and protected-an ideal backdrop for entertaining, gardening, working, or simply stepping away from the pace of the city.
The basement level adds another dimension of flexibility, with its own kitchen and bathroom and the potential to function as a separate residence. The property can be envisioned as a singular, character-filled home, a multi-generational residence, or a configuration that allows the owner to live in one portion while creating an income-producing component elsewhere. Recent improvements include a new boiler in 2026, new roof covering in 2026, and a new hot water heater installed in 2025, providing a strong foundation for the next chapter of the home.
Set in a vibrant Brooklyn neighborhood with restaurants, local amenities, and transportation close at hand, the property is within easy reach of the A, C, J, and Z subway lines, as well as the B7, B24, and B60 buses. For those who appreciates a home with soul, 476 Chauncey Street offers something increasingly rare: authentic character, generous scale, unexpected spaces, and the freedom to shape a truly personal vision.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017