Two-Family Townhouse with Garden
For Sale
$3,695,000
37 Decatur Street, Brooklyn, NY 11216
Residential Income, Brooklyn, NY
Property Size3,905 SF
Price / SF$946.22
Days on Market118
Property Features for 37 Decatur Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 6, Bedroom 5, Bedroom 7
Fireplace
1
Subdivision
Bedford Stuyvesant
High school district
000000
Standard status
Active
Size
3,905 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Added: Jun 23
Changed: Oct 17
Last Checked: Oct 18 at 12:06AM
MLS# 11848936
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3905-square-foot two-family townhouse combines a substantial owner’s triplex with a separate garden-level residence. The upper home includes seven bedrooms and six bathrooms, along with formal living and dining areas, a custom kitchen with marble surfaces and premium appliances, a primary suite, multiple additional bedrooms, wet bar, powder rooms, skylit bathrooms, and in-unit laundry. A private terrace extends from the main living level, while the roof offers skyline and neighborhood views.
The garden apartment has its own entrance, two bedrooms, two bathrooms, a living area, contemporary kitchen, stainless steel appliances, laundry, storage, and direct access to the landscaped backyard. Additional property features include zoned central air conditioning, integrated speakers, fitted closets, double-pane windows, restored original moldings, and a wood-burning fireplace. Located at 37 Decatur Street in Brooklyn’s Bedford-Stuyvesant neighborhood, the property is near restaurants, parks, cultural destinations, the A and C subway lines, the B26 bus, and major transportation routes.
The garden apartment has its own entrance, two bedrooms, two bathrooms, a living area, contemporary kitchen, stainless steel appliances, laundry, storage, and direct access to the landscaped backyard. Additional property features include zoned central air conditioning, integrated speakers, fitted closets, double-pane windows, restored original moldings, and a wood-burning fireplace. Located at 37 Decatur Street in Brooklyn’s Bedford-Stuyvesant neighborhood, the property is near restaurants, parks, cultural destinations, the A and C subway lines, the B26 bus, and major transportation routes.
Key Highlights
- 3905‑square‑foot two‑family townhouse with an owner’s triplex and separate garden residence
- Owner’s triplex includes 7 bedrooms and 6 bathrooms
- Garden‑level unit offers 2 bedrooms, 2 bathrooms, separate entrance, laundry, and backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,760
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,735,200
$2.7M
Cap Rate 7%
$1,953,714
$2.0M
Cap Rate 9%
$1,519,556
$1.5M
Market Conditions
NOI Build-Up for 3,905 SF
Gross rent
$199.2K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$195.4K $50.03/SF
− OpEx
−$58.6K −$15.01/SF
NOI
$136.8K $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%
$2,735,200
Cap Rate 7%
$1,953,714
Cap Rate 9%
$1,519,556
Alternative Uses
Best Use
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,760 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$1.70M
$1.49M – $1.99M
NOI $119,216 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,334 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Owner’s triplex pairs with a separate two-bedroom, two-bath unit and landscaped backyard access.
Where is this duplex located?
The property is located at 37 Decatur Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 3905‑square‑foot two‑family townhouse with an owner’s triplex and separate garden residence; Owner’s triplex includes 7 bedrooms and 6 bathrooms; Garden‑level unit offers 2 bedrooms, 2 bathrooms, separate entrance, laundry, and backyard access
