44-46 Decatur Street, Brooklyn, NY
Multi-family for Sale - $3,820,000 - 5,589 Sq. Ft. on 0.06 acres
Agent Info
John Pasquale |
Property Info
CIMLS# | 1173788 |
Location 44-46 Decatur Street Brooklyn NY 11216 | |
Updated | July 10th, 2025 |
Type | Multi-family |
Price | $3,820,000 |
Building | 5,589 Sq. Ft. |
Land | 0.06 acres |
Property Description
A unique investment opportunity awaits with the sale of 44 and 46 Decatur Street, a rare assemblage of two adjacent townhomes offered directly by the owner in one of Brooklyn’s most desirable neighborhoods. Together, this assemblage comprises a 4-unit residential building plus one commercial space, making it a versatile and lucrative investment. Newly renovated, these townhomes seamlessly blend historic charm with modern updates.
The combined townhomes 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 townhomes offer both urban convenience and residential appeal.
Financials
Net Operating Income of $220,000 and a 5.1% CAP rate