1220 Decatur St
Brooklyn, NY 11207
Multifamily Property For Sale
·
3 Units
Property Facts
| No. Units | 3 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 2,775 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1900/2016 |
| Zoning | R6 - Residential | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 2,775 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2016 |
| Zoning | R6 - Residential |
Amenities
Unit Amenities
- Dishwasher
- Bay Window
- Eat-in Kitchen
- Double Pane Windows
- Garden
Site Amenities
- Gas Range
- Trash Pickup - Curbside
- Storage Space
- Public Transportation
About 1220 DECATUR ST , BROOKLYN, NY 11207
Excellent investment opportunity in Bushwick- These units are not rent stabilized- 1220 Decatur Street is a fully-leased, 3-family building that underwent a gut renovation in 2016. Located in an area of Bushwick that is still experiencing tremendous growth, this building will be a money-maker for years to come. Perfectly situated two blocks from the L train at Wilson Avenue and less than 10 minutes to the J & Z trains at Chauncey Street, this location is in high demand. Tenants enjoy the convenient shopping options on Wilson and Knickerbocker Avenues and the close proximity to Irving Square Park. The ground floor unit is a duplex featuring 2 bedrooms, 1.5 bathrooms, a large private yard, and a lower-level recreation room. This unit has an exposed brick fireplace. The 2nd and 3rd floor units are both floor-through two- bedrooms with one bathroom that feature high ceilings and ample living space. The 2nd floor unit also has an exposed brick fireplace. This building is not subject to rent stabilization, and the rents are market rate with room for upside. The building is fully-occupied, so at least 24-hour notice is required for showings. 5% cap rate at asking price.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,300 |
| 2+1 | 2 | - | 925 |
Property Taxes
| Parcel Number | 03435-0023 | Improvements Assessment | $87,120 |
| Land Assessment | $11,580 | Total Assessment | $98,700 |
Property Taxes
