Bed-Stuy 4-Unit Investment w/ Storefront 44-46 Decatur St

4 Unit Apartment Building $4,300,000 ($1,075,000/Unit) 5.12% Cap Rate Brooklyn, NY 11216

INVESTMENT HIGHLIGHTS

  • Newly renovated properties blending pre-war charm with contemporary design, featuring high ceilings, hardwood floors, and a private rooftop deck.
  • Features a private two-car garage and floor-to-ceiling windows for abundant natural light.
  • Includes 5 units with strong rental income potential, a duplex, two-bedroom apartments, a one-bedroom unit, and a commercial space.
  • Just steps from major public transportation, offering easy connectivity to the rest of Brooklyn and Manhattan.

EXECUTIVE SUMMARY

A unique investment opportunity awaits with the sale of 44 and 46 Decatur Street, a rare assemblage of two adjacent properties offered directly by the owner in one of Brooklyn’s most desirable neighborhoods. Together, this assemblage comprises a 4-family residential building plus one commercial space, making it a versatile and lucrative investment. Newly renovated, these properties seamlessly blend historic charm with modern updates.
The combined properties feature 5 total units: 1 duplex, 2 two-bedroom apartments, 1 one-bedroom apartment, and 1 commercial space. 44 Decatur Street showcases pre-war charm with its inviting stoop, elegant bay windows, high ceilings, and hardwood floors throughout. It offers flexible layouts and significant potential for rental income or owner-occupied use.
Meanwhile, 46 Decatur Street complements its neighbor with a sleek, modern design. Among its highlights is a unique duplex unit, featuring a stunning open staircase that creates a dynamic and contemporary feel. Its open interiors, floor-to-ceiling windows, and natural light-filled spaces make it ideal for retail, creative studios, or office use. The ground-floor commercial space presents a prime opportunity for business owners or investors, offering visibility and foot traffic in a sought-after neighborhood. A standout feature is the private rooftop deck, offering panoramic views of the surrounding area.
With a combined annual Net Operating Income of $220,000 and a 5.1% CAP rate, this assemblage delivers strong, immediate returns and future growth potential. Situated on a quiet, tree-lined street, just steps from dining, retail, transportation, and cultural attractions, these properties offer both urban convenience and residential appeal.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $4,300,000
Price Per Unit $1,075,000
Sale Type Investment
Cap Rate 5.12%
Gross Rent Multiplier 8.19
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Townhome
Building Class B
Lot Size 0.06 AC
Building Size 5,589 SF
No. Stories 3
Year Built 1899

UNIT AMENITIES

  • Balcony
  • Washer/Dryer
  • Heating
  • Hardwood Floors
  • High Speed Internet Access
  • Stainless Steel Appliances
  • Views

SITE AMENITIES

  • Roof Terrace
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $4,200 775 - 879
1+1 1 $3,800 474
2+2 1 $3,500 1,088
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)

PROPERTY TAXES

ZONING

Zoning Code R6A
  • Listing ID: 34617208

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 44-46 Decatur St, Brooklyn, NY 11216