Residential Income Property with
New
For Sale
$675,000
1226 Decatur Street 1F, Brooklyn, NY 11207
Bright condominium residence with rooftop access, modern finishes, and in-unit laundry.
Property Size794 SF
Price / SF$850.13
Days on Market5
Property Features for 1226 Decatur Street 1F
General Information
Standard status
Active
Size
794 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,695
Amenities
shared rooftop deck
private balcony
in-unit washer and dryer
air conditioning
video intercom
video surveillance
Building Details
Building Size
794 SF
Year Built
1899
Listing Agency:
Compass
Listed By:
Rotem Lindenberg
(646) 321-0186
Source:
Cbwarburg
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 1:01PM
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
Investment Insights
Based on property information with market context.
This one-bedroom, one-bathroom condominium residence offers approximately 679 square feet with an open living and dining area, wide-plank hardwood flooring, recessed lighting, and oversized windows. A private balcony extends from the living room, while the windowed kitchen includes Bertazzoni appliances, contemporary cabinetry, and an island with seating. The home also features a deep soaking tub, air conditioning, electric heat, video intercom, and an in-unit washer and dryer.
The residence is part of Decatur Lofts, a boutique condominium development with eight homes and a shared rooftop deck. Located in Bushwick, the property is near restaurants, cafes, retail, parks, cultural venues, and neighborhood services. Access to the L, J, and Z subway lines provides connections throughout Brooklyn and Manhattan.
The residence is part of Decatur Lofts, a boutique condominium development with eight homes and a shared rooftop deck. Located in Bushwick, the property is near restaurants, cafes, retail, parks, cultural venues, and neighborhood services. Access to the L, J, and Z subway lines provides connections throughout Brooklyn and Manhattan.
Key Highlights
- Approximately 679 square feet with one bedroom and one bathroom
- Private balcony connected to the living room
- Shared rooftop deck serving an eight‑residence condominium development
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,800
$484.8K
Cap Rate 7%
$346,286
$346.3K
Cap Rate 9%
$269,333
$269.3K
Market Conditions
NOI Build-Up for 794 SF
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.
Gross rent
$45.0K $56.64/SF
− Vacancy
−$899 −$1.13/SF
EGI
$44.1K $55.51/SF
− OpEx
−$19.8K −$24.98/SF
NOI
$24.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$484,800
Cap Rate 7%
$346,286
Cap Rate 9%
$269,333
Alternative Uses
Best Use
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,240 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$657.4K
$575.3K – $767.0K
NOI $46,020 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright condominium residence with rooftop access, modern finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 1226 Decatur Street 1F Brooklyn, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 679 square feet with one bedroom and one bathroom; Private balcony connected to the living room; Shared rooftop deck serving an eight‑residence condominium development
