Stuyvesant Heights Two-Family
264 Decatur Street Brooklyn, NY 11233
264 Decatur Street, Brooklyn, NY, 11233
$2,650,000
Pending
For Sale
$2,650,000
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size4,400 SF
Lot Size0.05 Acres
Days on Market168
Property Features for 264 Decatur Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- Parking features
- On Street
- Interior features
- First Floor Bedroom, First Floor Full Bath
- Basement
- Full, Unfinished
- Standard status
- Pending
- APN
- 01680-0026
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8041
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Hot Water(Heating), Heat Pump (Heating)
- Cooling system
- Ductless, Central Air
- Water source
- Public
Building Details
- Year built
- 1899
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Brick, Stone
Listing Agency
Douglas Elliman Real Estate
(516) 354-6500
390 Franklin Ave, Huntington Station, NY
Listed by
Charles V. Maione · License #30MA0969498
(516) 984-5596
Added: Feb 2 Updated: Jul 17 at 9:21 pm Checked: Jul 20 at 9:06 pm
MLS# 957955
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Stuyvesant Heights Historical Landmark section of Brooklyn, this limestone barrel-front, 4-story two-family home features original wood trim, molding, and pocket parlor doors. The building has 11-foot ceilings, 5 bedrooms, and 4 bathrooms, with rear basement and first and second-floor extensions, totaling approximately 4400 square feet on a 0.0459-acre lot. The first unit comprises the garden level, with a foyer, hallway, dining room, new eat-in kitchen, laundry, and rear extension en-suite bedroom with a full bath. The second unit spans the parlor, third, and fourth floors, featuring a foyer, hallway, living room, den, sitting room, updated en-suite full bath, and rear bedroom extension with an exterior balcony and spiral staircase descending to the yard. The upper unit includes a living room, dining room, kitchen, new full bath, three bedrooms, a study, and another full bath. The parlor level may be incorporated with the first unit, which is the current use. The cellar has almost 9-foot-high ceilings, providing ample storage, utilities, and another laundry area. The original space is heated by gas-forced hot air, while the extensions are heated by a Navien hot water system. The entire house is cooled by a 10-year-old ducted central air system, supplemented by ductless units on the upper floors. Situated in a prime residential neighborhood, the property is convenient to the Utica Avenue A C subway.
Key Highlights
- 4‑story 2‑family home in the Stuyvesant Heights Historical Landmark section with limestone barrel front
- Approx. 4,400 SF with 11‑ft ceilings and original wood trim, molding, and pocket parlor doors
- Total layout includes 5 bedrooms and 4 bathrooms, with extensions on the 1st and 2nd floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.4k | $51.00 |
| − Vacancy | −$4.3k | −$0.97 |
| EGI | $220.1k | $50.03 |
| − OpEx | −$66.0k | −$15.01 |
| NOI | $154.1k | $35.02 |
4,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.20M
$1.93M – $2.57M
NOI $154,095 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,327 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historical 4-story, 5-bedroom Brooklyn home with original details.
Where is this duplex located?
The property is located at 264 Decatur Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 4‑story 2‑family home in the Stuyvesant Heights Historical Landmark section with limestone barrel front; Approx. 4,400 SF with 11‑ft ceilings and original wood trim, molding, and pocket parlor doors; Total layout includes 5 bedrooms and 4 bathrooms, with extensions on the 1st and 2nd floors
