Four-Family Investment Property in
For Sale
$1,900,000
Pending
160 Decatur St 4, Brooklyn, NY 11233
Four-unit property with income potential in a desirable location.
Property Size2,530 SF
Lot Size0.04 Acres
Days on Market228
Property Features for 160 Decatur St 4
General Information
Standard status
Pending
Size
2,530 SF
Lot size
0.04 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,137
Building Details
Building Size
2,530 SF
Year Built
1910
Units
4
Listing Agency:
Exit Realty Group
Listed By:
Stephanie Wilson
(347) 259-5336
Source:
Elliman
Added: Mar 11
Changed: Oct 10
Last Checked: Oct 23 at 7:58AM
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
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Investment Insights
Based on property information with market context.
This four-family investment property features a mix of one- and two-bedroom apartments. Three of the four units are currently occupied. There are four gas meters and four electric meters. There are no leases in place for any of the tenants, offering flexibility for the new ownership. The property is being sold as is.
Key Highlights
- Income‑producing four‑family property ideal for investors or owner‑occupants.
- Mix of one- and two‑bedroom apartments, which are in high demand.
- Three of four units are currently occupied, providing immediate income.
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.
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Open Analytics
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with income potential in a desirable location.
Where is this quadplex located?
The property is located at 160 Decatur St 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: Income‑producing four‑family property ideal for investors or owner‑occupants.; Mix of one- and two‑bedroom apartments, which are in high demand.; Three of four units are currently occupied, providing immediate income.
