Renovated Two-Family Duplex
For Sale
$1,775,000
Pending
1062 Decatur St, Brooklyn, NY 11207
Owner’s duplex paired with a separate garden apartment, finished basement, and private outdoor areas.
Property Size3,152 SF
Days on Market51
Property Features for 1062 Decatur St
General Information
Standard status
Pending
Size
3,152 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,777
Amenities
front porch
terrace
deck
backyard
washer/dryer
skylight
finished basement
Building Details
Building Size
3,152 SF
Year Built
1910
Buildings
1
Stories
3
Units
2
Listing Agency:
Compass
Listed By:
Shii Ann Huang
(212) 913-9093
Source:
Elliman
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 28 at 9:24AM
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 Compass
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Investment Insights
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This 1910 two-family property combines an owner’s duplex with a separate two-bedroom garden apartment. The duplex includes three bedrooms, a full bath, open living and dining areas, a renovated kitchen, a powder room, and a private deck leading to the yard. The lower apartment provides two bedrooms, a full bath, and a finished basement suited to storage, recreation, or office use.
Outdoor features include a front porch, terrace, expansive backyard, lawn, and elevated wood deck. Improvements include updated heating and cooling systems, a washer/dryer in the owner’s duplex, and a recently replaced HVAC system serving the garden apartment.
The property is located at 1062 Decatur St in Bushwick, Brooklyn, near the J, Z, L, and C trains. WalkScore is 83, BikeScore is 67, and TransitScore is 95.
Outdoor features include a front porch, terrace, expansive backyard, lawn, and elevated wood deck. Improvements include updated heating and cooling systems, a washer/dryer in the owner’s duplex, and a recently replaced HVAC system serving the garden apartment.
The property is located at 1062 Decatur St in Bushwick, Brooklyn, near the J, Z, L, and C trains. WalkScore is 83, BikeScore is 67, and TransitScore is 95.
Key Highlights
- Two‑family layout with an owner’s duplex and separate two‑bedroom garden apartment
- Owner’s duplex includes three bedrooms, updated kitchen, deck, and powder room
- Garden apartment includes two bedrooms, a full bath, and finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,388
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,760
$2.2M
Cap Rate 7%
$1,576,971
$1.6M
Cap Rate 9%
$1,226,533
$1.2M
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$160.8K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$157.7K $50.03/SF
− OpEx
−$47.3K −$15.01/SF
NOI
$110.4K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,760
Cap Rate 7%
$1,576,971
Cap Rate 9%
$1,226,533
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,388 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,227 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,690 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Owner’s duplex paired with a separate garden apartment, finished basement, and private outdoor areas.
Where is this duplex located?
The property is located at 1062 Decatur St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Two‑family layout with an owner’s duplex and separate two‑bedroom garden apartment; Owner’s duplex includes three bedrooms, updated kitchen, deck, and powder room; Garden apartment includes two bedrooms, a full bath, and finished basement
