- For Sale $4,300,000
- Property Type Mixed Use - Retail / Residential
- Property Size 5,517 SF
- Units 5
- Lot Size 0.06 Acre
- Cap Rate % 5.1
- Rental Income / YR $252,000.00
- NOI / YR $220,000.00
- Zoning Retail/Residential
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1899
- Date Updated Jan 27, 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 with one commercial space and private two-car garage, 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. A standout feature is the private rooftop deck, offering panoramic views of the surrounding neighborhood. The two-car garage further sets this property apart, providing a rare and valuable amenity for tenants or business use.
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.
False
Contacts
Location
Getting Around
-
Walk Score ®
97/100
Walker's Paradise
-
Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
80/100
Very Bikeable
- 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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Original Ricky's
0.02 miles
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El Jeffe
0.03 miles
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New People's
0.03 miles
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Domino's
0.03 miles
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Kennedy Chicken & Grill
0.05 miles
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Agosto Thai
0.07 miles
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McDonald's
0.08 miles
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Cafe Plus
0.08 miles
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Soldier Restaurant
0.08 miles
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Popeyes
0.12 miles
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The College of New Rochelle
0.20 miles
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Public School 93 William H. Prescott
0.28 miles
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George V. Brower Public School 289
0.43 miles
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Brooklyn Adult Learning Center
0.43 miles
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K553 Brooklyn Academy High School
0.43 miles
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Boys High School
0.46 miles
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Public School 243
0.47 miles
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Boys and Girls High School
0.57 miles
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Hebron Seventh Day Adventist Elementary School
0.59 miles
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Public School 390
0.59 miles
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Little Sun People
0.27 miles
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Bambi Day Care Center
0.48 miles
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Friends of Crown Heights Educational Center
0.52 miles
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Garden of Learning
0.58 miles
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Park Place Day Care
0.68 miles
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Tiny Monster Academy
0.73 miles
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The Little Cool School
0.75 miles
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Magic Moments Academy
0.85 miles
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Elite Early Childhood Learning Center
0.85 miles
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BumbleBeesRus
0.87 miles
Frequently Asked Questions
The space currently listed for sale at 44-46 Decatur Street - Residential Commercial Investment Assemblage with Income Store, adjacent townhouse, and Two-Car Garage asks for $4,300,000.
44-46 Decatur Street - Residential Commercial Investment Assemblage with Income Store, adjacent townhouse, and Two-Car Garage totals 5,517 square feet.
44-46 Decatur Street - Residential Commercial Investment Assemblage with Income Store, adjacent townhouse, and Two-Car Garage was built in 1899.
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