Residential Income Property with
For Sale
$899,000
1226 Decatur Street 1R, Brooklyn, NY 11207
Duplex residence includes a private patio, landscaped backyard, flexible lower-level space, and in-unit laundry.
Property Size1,209 SF
Price / SF$743.59
Days on Market10
Property Features for 1226 Decatur Street 1R
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$14,718
Amenities
private backyard
private patio
shared rooftop terrace
in-unit washer/dryer
air conditioning
video intercom
surveillance system
Building Details
Building Size
1,209 SF
Year Built
1899
Listing Agency:
Compass
Listed By:
Rotem Lindenberg
(646) 321-0186
Source:
Cbwarburg
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 10 at 6:20AM
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.
Residence 1R is a duplex within an eight-home condominium building, combining approximately 1,209 interior square feet with an approximately 867-square-foot landscaped backyard and private patio. The main level includes an open living and dining area, a kitchen with Bertazzoni appliances, one bedroom, and a full bathroom with a soaking tub. Hardwood floors, recessed lighting, oversized windows, and air conditioning are among the interior features.
The lower level adds approximately 578 square feet of recreation space with high ceilings, a powder room, natural light, and direct backyard access. Electric heat and an in-unit washer and dryer support everyday use. Building amenities include a video intercom and surveillance system. The property is in Bushwick near cafes, restaurants, retail, parks, and cultural destinations, with access to the L, J, and Z subway lines for Brooklyn and Manhattan travel.
The lower level adds approximately 578 square feet of recreation space with high ceilings, a powder room, natural light, and direct backyard access. Electric heat and an in-unit washer and dryer support everyday use. Building amenities include a video intercom and surveillance system. The property is in Bushwick near cafes, restaurants, retail, parks, and cultural destinations, with access to the L, J, and Z subway lines for Brooklyn and Manhattan travel.
Key Highlights
- Approximately 1,209 SF duplex residence
- Approximately 867‑square‑foot landscaped backyard with private patio
- Approximately 578‑square‑foot lower‑level recreation area with high ceilings
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
$36,910
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
4.11%
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%
$738,200
$738.2K
Cap Rate 7%
$527,286
$527.3K
Cap Rate 9%
$410,111
$410.1K
Market Conditions
NOI Build-Up for 1,209 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
$68.5K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$67.1K $55.51/SF
− OpEx
−$30.2K −$24.98/SF
NOI
$36.9K $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%
$738,200
Cap Rate 7%
$527,286
Cap Rate 9%
$410,111
Alternative Uses
Best Use
Apartment 5plus
$527.3K
$461.4K – $615.2K
NOI $36,910 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$875.9K – $1.17M
NOI $70,074 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex residence includes a private patio, landscaped backyard, flexible lower-level space, and in-unit laundry.
Where is this residential income property located?
The property is located at 1226 Decatur Street 1R Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 1,209 SF duplex residence; Approximately 867‑square‑foot landscaped backyard with private patio; Approximately 578‑square‑foot lower‑level recreation area with high ceilings
