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
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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.
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
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
![]() |
$9.99
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Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
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Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
PROPERTY FACTS
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 |
1 of 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
Parcel Number | 01857-0052 | Total Assessment | $496,350 |
Land Assessment | $45,900 | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $450,450 | Tax Year | 2024 |
ZONING
Zoning Code | R6A |