Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,850,000

· Closed June 9, 2022

494 Chauncey Street
Closed For Sale Multi Family

$1,850,000

$685 per sq ft

494 Chauncey Street

Ocean Hill, Brooklyn

MLS® #RLS10779201

RLS at REBNY

Listing by Compass

8

Bedrooms

6

Baths

2,700

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 8
Bathrooms 6
Living Area 2,700 sq ft
Year Built 1910
Neighborhood Ocean Hill

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Total Rooms 17
Baths 6 Full
Pets Yes
Cross Street Thomas S Boyland Street/Rockaway Avenue
Year Built 1910
Living Area 2,700 sq ft
Architectural Style Prewar
Parcel # 01516-0032
Block/Lot 1516/32

Listing History

Event Date Price Change
Listed Dec 22, 2021 $1,850,000 -
Price Reduced Jun 27, 2022 $1,875,000 +1.4%

Description

Newly Listed 494 Chauncey is a 3 family building with an NOI $82,614 and CAP Rate of 4.41%!! The first-floor apartment is a highly desired duplex unit, with two bedrooms and two bathrooms, boasting a large backyard space. The second and third units are three-bedroom, 2 bath. All units feature modern finishes, including Washer and Dryer in the unit, Oversized windows, Central AC, Open Kitchen with Stainless Steel Appliances, Dishwasher, and Hardwood floors The neighborhood is filled with great options for families, including community parks like Marion Hopkinson Playground and great schools such as Brooklyn Landmark Elementary. Transportation options available 0.1 miles from 494 Chauncey St. include the J and Z lines, as well as the A and C lines just 0.4 miles away. Located 18 minutes from LaGuardia airport, 8 minutes from Pratt Institute, and nearby Saint Joseph's College and Medgar Evers College, The City University of New York.

Building Information

Ocean Hill features historic row houses and co-op buildings, set amongst green space near coastal parks. The area is served by transit connections, offering accessibility near major thoroughfares. Architectural elements range from brownstone townhomes to modern residential complexes, defining the physical landscape of this NYC borough.

Ocean Hill Live Market Data

View Neighborhood

Active Listings

5

Median Asking Price

$1.25M

Median $/Sqft

$526

Avg Days on Market

N/A

New This Week

0

Price Reduced

60%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 5/4/26, 5:30 PM EST

Recently Sold in Ocean Hill

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Location

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494 Chauncey Street, Ocean Hill, Kings County • Near Thomas S Boyland Street/Rockaway Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
3
Floors
3
Residential Units
R6
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $82,080
Land Value: $20,040
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,000 SF
Building Area: 2,700 SF
Built FAR: 1.35
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 8 bedrooms and 6 full bathrooms.

The listed interior living area is 2,700 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,850,000 for 2,700 sq ft, the asking price per square foot is approximately $685. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10779201
First Listed: 12/22/2021
Price Changed: 6/27/2022
Closed: 6/9/2022
Contract Date: 12/22/2021

Listing Courtesy of Compass - Giovanni Castro

Listing Contact: (917) 880-2047

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 9:30 PM UTC

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