Four-Unit Mixed-Layout
For Sale
$1,900,000
Pending
160 Decatur St Unit 4, Brooklyn, NY 11233
The property combines one- and two-bedroom apartments with separate gas and electric metering for each unit.
Property Size2,530 SF
Days on Market520
Property Features for 160 Decatur St Unit 4
General Information
Standard status
Pending
Size
2,530 SF
Property subtype
Multi-Family
Occupancy
75%
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Building Details
Year Built
1910
Listing Agency:
Exit Realty Group
Listed By:
Stephanie Wilson
(347) 259-5336
Source:
Searchhomesinlongisland
Added: May 11, 2025
Changed: Oct 1
Last Checked: Oct 11 at 6:39AM
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 Exit Realty Group
Investment Insights
Based on property information with market context.
Built in 1910, this 2,530-square-foot quadplex contains four apartments with a combination of one-bedroom and two-bedroom layouts. Separate utility infrastructure includes four gas meters and four electric meters, corresponding to the four units.
Three apartments are occupied, while none of the tenants currently have leases in place. The property is being offered in its existing condition, providing a four-unit residential configuration with current occupancy and flexible tenancy arrangements.
Three apartments are occupied, while none of the tenants currently have leases in place. The property is being offered in its existing condition, providing a four-unit residential configuration with current occupancy and flexible tenancy arrangements.
Key Highlights
- 2,530‑square‑foot quadplex built in 1910
- Four residential units with one- and two‑bedroom layouts
- Three of four units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,605
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,772,100
$1.8M
Cap Rate 7%
$1,265,786
$1.3M
Cap Rate 9%
$984,500
$984.5K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$129.0K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$126.6K $50.03/SF
− OpEx
−$38.0K −$15.01/SF
NOI
$88.6K $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%
$1,772,100
Cap Rate 7%
$1,265,786
Cap Rate 9%
$984,500
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,605 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$1.10M
$965.5K – $1.29M
NOI $77,238 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,639 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - The property combines one- and two-bedroom apartments with separate gas and electric metering for each unit.
Where is this quadplex located?
The property is located at 160 Decatur St Unit 4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2,530‑square‑foot quadplex built in 1910; Four residential units with one- and two‑bedroom layouts; Three of four units are currently occupied
