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    Stuyvesant Heights Two-Family Home Title is generated by Realmo AI

    264 Decatur Street, Brooklyn, NY 11233

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    Claim this Listing
    Pending
    $2,650,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    4,400 SF
    Lot size:
    0.05 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    146
    Last Refresh:
    Jun 28 at 10:06 pm

    Property Features for 264 Decatur Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 3
    Parking features
    On Street
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Basement
    Full, Unfinished
    Standard status
    Pending
    APN
    01680-0026
    Size
    4,400 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8041

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Hot Water(Heating), Forced Air
    Cooling system
    Central Air, Ductless
    Water source
    Public

    Building Details

    Year built
    1899
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Brick, Stone

    We can help!

    Contact an agent
    Charles V. Maione
    Charles V. Maione

    Listing agent Charles V. Maione License #30MA0969498

    Listing office Douglas Elliman Real Estate 390 Franklin Ave, Huntington Station, NY

    Listing date Feb 2, 2026

    MLS# 957955 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑story 2‑family home built in 1899 with limestone barrel front and brick/stone construction
    • Approx. 4,400 SF with 11 ft ceilings, original wood trim, molding, and pocket parlor doors
    • Total layout includes 5 bedrooms and 4 bathrooms, plus rear basement/extension areas
    • Heating: gas forced hot air for original space and Navien hot water for extensions
    • Cooling includes about 10‑year‑old duct central air with ductless units on upper floors
    • Public utilities: public water and public sewer; cable available; on‑street parking; near Utica Ave A/C subway

    Overview

    Located in the Stuyvesant Heights Historical Landmark section of Brooklyn, this limestone barrel-front, 4-story two-family home features original wood trim, molding, and pocket parlor doors. The building has 11-foot ceilings, 5 bedrooms, and 4 bathrooms, with rear basement and first and second-floor extensions, totaling approximately 4400 square feet on a 0.0459-acre lot. The first unit comprises the garden level, with a foyer, hallway, dining room, new eat-in kitchen, laundry, and rear extension en-suite bedroom with a full bath. The second unit spans the parlor, third, and fourth floors, featuring a foyer, hallway, living room, den, sitting room, updated en-suite full bath, and rear bedroom extension with an exterior balcony and spiral staircase descending to the yard. The upper unit includes a living room, dining room, kitchen, new full bath, three bedrooms, a study, and another full bath. The parlor level may be incorporated with the first unit, which is the current use. The cellar has almost 9-foot-high ceilings, providing ample storage, utilities, and another laundry area. The original space is heated by gas-forced hot air, while the extensions are heated by a Navien hot water system. The entire house is cooled by a 10-year-old ducted central air system, supplemented by ductless units on the upper floors. Situated in a prime residential neighborhood, the property is convenient to the Utica Avenue A C subway.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $224.4k $51.00
    − Vacancy −$4.3k −$0.97
    EGI $220.1k $50.03
    − OpEx −$66.0k −$15.01
    NOI $154.1k $35.02
    4,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $2.20M
    $1.93M – $2.57M (±1% cap)
    NOI $154,095 @ 7.0% cap · market cap 5.81%
    Second Best
    Apartment 5plus
    $1.92M
    $1.68M – $2.24M (±1% cap)
    NOI $134,327 @ 7.0% cap · market cap 5.07%
    Theoretical Best
    Specialty Retail
    $3.64M
    $3.19M – $4.25M (±1% cap)
    NOI $255,024 @ 7.0% cap · market cap 9.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.932815
    Latitude
    40.681286

    FAQs

    What type of property is this?
    Duplex - Historical 4-story, 5-bedroom Brooklyn home with original details.
    Where is this duplex located?
    The property is located at 264 Decatur Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: 4‑story 2‑family home built in 1899 with limestone barrel front and brick/stone construction; Approx. 4,400 SF with 11 ft ceilings, original wood trim, molding, and pocket parlor doors; Total layout includes 5 bedrooms and 4 bathrooms, plus rear basement/extension areas
    More about this property
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