One-Bedroom Residential Income
New
For Sale
$600,000
1226 Decatur Street 4R, Brooklyn, NY 11207
Light-filled condominium residence with a private balcony, shared rooftop deck, and in-unit laundry.
Property Size679 SF
Price / SF$883.65
Days on Market4
Property Features for 1226 Decatur Street 4R
General Information
Standard status
Active
Size
679 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$9,257
Building Details
Building Size
679 SF
Year Built
1899
Listing Agency:
Compass
Listed By:
Rotem Lindenberg
(646) 321-0186
Source:
Penrealty
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 11:51AM
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 a Bertazzoni appliance package, contemporary cabinetry, countertops, and an island with seating. The bathroom features a deep soaking tub, and additional in-home features include a washer and dryer, air conditioning, electric heat, and video intercom access.
Residents also have access to a shared rooftop deck. The property is located in Bushwick near restaurants, cafés, retail, parks, and cultural venues. Nearby L, J, and Z subway service provides connections throughout Brooklyn and Manhattan.
Residents also have access to a shared rooftop deck. The property is located in Bushwick near restaurants, cafés, retail, parks, and cultural venues. Nearby L, J, and Z subway service provides connections throughout Brooklyn and Manhattan.
Key Highlights
- Approximately 679 square feet with 1 bedroom and 1 bathroom
- Private balcony directly off the living room
- Windowed kitchen with Bertazzoni appliances and island seating
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
$20,729
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
3.45%
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%
$414,580
$414.6K
Cap Rate 7%
$296,129
$296.1K
Cap Rate 9%
$230,322
$230.3K
Market Conditions
NOI Build-Up for 679 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
$38.5K $56.64/SF
− Vacancy
−$769 −$1.13/SF
EGI
$37.7K $55.51/SF
− OpEx
−$17.0K −$24.98/SF
NOI
$20.7K $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%
$414,580
Cap Rate 7%
$296,129
Cap Rate 9%
$230,322
Alternative Uses
Best Use
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,729 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$562.2K
$491.9K – $655.9K
NOI $39,355 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Light-filled condominium residence with a private balcony, shared rooftop deck, and in-unit laundry.
Where is this residential income property located?
The property is located at 1226 Decatur Street 4R Brooklyn, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Approximately 679 square feet with 1 bedroom and 1 bathroom; Private balcony directly off the living room; Windowed kitchen with Bertazzoni appliances and island seating
