Contacts
Pep Real Estate LLC
Commercial Real Estate Brokerage
Property Details
- Property Type Mixed Use - Retail / Residential
- Property Size 5,589 SF
- Units 4
- Lot Size 2,556 SF
- Cap Rate % 5.1
- Rental Income / YR $252,000.00
- NOI / YR $220,000.00
- Taxes / YR $21,427.00
- Zoning Retail/Residential
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1899
- Date Updated Feb 12, 2025
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.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Bedford-Stuyvesant, Brooklyn
- Located on a quiet, tree-lined street in Bedford-Stuyvesant, near dining, retail, transportation, and cultural attractions.
- Includes 5 units with strong rental income potential, a duplex, two-bedroom apartments, a one-bedroom unit, and a commercial space.
- Newly renovated properties blending pre-war charm with contemporary design, featuring high ceilings, hardwood floors, and a private rooftop deck.
Getting around
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97/100
Walk Score ®
-
100/100
Transit Score ®
-
80/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Bedford-Stuyvesant
- Zip Code 11216
- Market Brooklyn
Points of Interest
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Kingston–Throop Avenues
0.05 miles
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Nostrand Avenue Station Entrance
0.33 miles
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Franklin Avenue
0.75 miles
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Kingston Avenue
0.76 miles
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Bedford–Nostrand Avenues
0.90 miles
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Crown Heights–Utica Avenue
0.97 miles
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Kosciuszko Street
1.12 miles
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Classon Avenue
1.14 miles
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International Car Service
1.17 miles
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Gates Avenue
1.20 miles
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BP
0.20 miles
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Xpress Lane
0.21 miles
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Shell
0.51 miles
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Mobil
0.63 miles
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Speedy Gas
0.75 miles
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Sunoco
1.05 miles
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Pure Energy
1.08 miles
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Tesla Supercharger
1.33 miles
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Revel
1.39 miles
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plugNYC
2.33 miles
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Underhill Garage
1.28 miles
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Cielo Garage
1.29 miles
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The Brooklyn Museum and Botanic Garden
1.37 miles
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Kings County Parking Garage
1.65 miles
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Rapid Park
1.67 miles
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Garfield Garage
1.95 miles
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Havens Place Lot
1.99 miles
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MMP Parking LLC
2.01 miles
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Car Park Systems
2.30 miles
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School bus parking
2.35 miles
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Mirage Brooklyn
0.19 miles
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La Quinta
0.46 miles
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The Brooklyn Hotel
0.52 miles
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The Brooklyn Riviera Hostel
0.62 miles
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Artel 535
1.10 miles
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Holiday Inn Express
1.11 miles
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Illumination Bed & Breakfast
1.26 miles
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Marina Hotel
1.30 miles
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Condor Hotel
1.49 miles
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Days Inn
1.61 miles
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Super Foodtown Of Bed-Stuy
0.16 miles
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Fine Fare
0.20 miles
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Met Fresh
0.23 miles
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Bravo
0.40 miles
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Wholesome Farms Market
0.44 miles
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Associated
0.48 miles
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Ideal Food Basket
0.50 miles
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Key Food Urban Market
0.57 miles
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Key Food
0.59 miles
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Shop Fair Supermarket
0.59 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Pep Real Estate LLC
Commercial Real Estate Brokerage
