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 Market467
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: Jun 2, 2025
Changed: Sep 10
Last Checked: Sep 11 at 10:41AM
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 = 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
$88,605
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
4.66%
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%
$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
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
$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 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%
$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
