Top-Floor Residential Income
For Sale
$565,000
1008 DECATUR Street 4A, Brooklyn, NY 11207
One-bedroom condominium with private outdoor areas, in-unit laundry, and an open modern interior.
Property Size655 SF
Price / SF$862.60
Days on Market74
Property Features for 1008 DECATUR Street 4A
General Information
Standard status
Active
Size
655 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$156
Amenities
Juliet balcony
roof deck
washer/dryer
dishwasher
Building Details
Building Size
655 SF
Year Built
2014
Listing Agency:
Corcoran Group
Listed By:
Mary Kathleen Franklin
(718) 928-4070
Source:
Carlinwright
Added: Aug 15
Changed: Oct 25
Last Checked: Oct 27 at 12:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
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Investment Insights
Based on property information with market context.
This top-floor, one-bedroom condominium offers 655 square feet with an open living arrangement, hardwood floors, high ceilings, and oversized noise-reduction windows. Northwest exposure brings natural light and rooftop views. The kitchen includes a center island, dishwasher, and 5-burner stove, while the bathroom features an oversized tub. Generous closets provide storage, and a washer/dryer is located within the apartment.
Outdoor space includes a private Juliet balcony and a designated portion of the building’s roof deck. The unit is in a post-war walk-up building at 1008 Decatur Street, Unit 4A, Brooklyn, NY 11207, near public transportation. The property has 7 years remaining under a 100% tax abatement, followed by an additional 6 years at 25%.
Outdoor space includes a private Juliet balcony and a designated portion of the building’s roof deck. The unit is in a post-war walk-up building at 1008 Decatur Street, Unit 4A, Brooklyn, NY 11207, near public transportation. The property has 7 years remaining under a 100% tax abatement, followed by an additional 6 years at 25%.
Key Highlights
- 655‑square‑foot, one‑bedroom top‑floor condominium
- Open layout with hardwood floors, high ceilings, and oversized noise‑reduction windows
- Kitchen includes center island, dishwasher, and 5‑burner stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,996
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,920
$399.9K
Cap Rate 7%
$285,657
$285.7K
Cap Rate 9%
$222,178
$222.2K
Market Conditions
NOI Build-Up for 655 SF
Gross rent
$37.1K $56.64/SF
− Vacancy
−$742 −$1.13/SF
EGI
$36.4K $55.51/SF
− OpEx
−$16.4K −$24.98/SF
NOI
$20.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,920
Cap Rate 7%
$285,657
Cap Rate 9%
$222,178
Alternative Uses
Best Use
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$542.3K
$474.6K – $632.7K
NOI $37,964 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,956
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with private outdoor areas, in-unit laundry, and an open modern interior.
Where is this residential income property located?
The property is located at 1008 DECATUR Street 4A Brooklyn, NY.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 655‑square‑foot, one‑bedroom top‑floor condominium; Open layout with hardwood floors, high ceilings, and oversized noise‑reduction windows; Kitchen includes center island, dishwasher, and 5‑burner stove
