Three-Family
New
For Sale
$2,199,000
162 Decatur Street, Brooklyn, NY 11233
The 19-foot-wide property offers three residential units in Brooklyn’s Stuyvesant Heights neighborhood.
Property Size3,733 SF
Price / SF$589.07
Days on Market5
Property Features for 162 Decatur Street
General Information
Standard status
Active
Size
3,733 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,909
Building Details
Building Size
3,733 SF
Year Built
1899
Construction
brownstone
Listing Agency:
Corcoran Group
Listed By:
Jessica L Buchman · License #10301200330
(917) 579-8641
Source:
Penrealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 10:39AM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family townhouse in Stuyvesant Heights was built in 1899 and contains 3,733 square feet. Its 19-foot width and three-unit configuration define the property’s physical scale and residential layout.
Located at 162 Decatur Street in Brooklyn, the property is identified as a brownstone townhouse.
Located at 162 Decatur Street in Brooklyn, the property is identified as a brownstone townhouse.
Key Highlights
- Three‑family townhouse
- 3,733 square feet
- 19‑foot‑wide building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,736
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,614,720
$2.6M
Cap Rate 7%
$1,867,657
$1.9M
Cap Rate 9%
$1,452,622
$1.5M
Market Conditions
NOI Build-Up for 3,733 SF
Gross rent
$190.4K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$186.8K $50.03/SF
− OpEx
−$56.0K −$15.01/SF
NOI
$130.7K $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%
$2,614,720
Cap Rate 7%
$1,867,657
Cap Rate 9%
$1,452,622
Alternative Uses
Best Use
Multifamily LT 5
$1.87M
$1.63M – $2.18M
NOI $130,736 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,965 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$3.09M
$2.70M – $3.61M
NOI $216,365 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The 19-foot-wide property offers three residential units in Brooklyn’s Stuyvesant Heights neighborhood.
Where is this triplex located?
The property is located at 162 Decatur Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Three‑family townhouse; 3,733 square feet; 19‑foot‑wide building
