Two-Family Townhouse with Garden
New
For Sale
$3,695,000
37 Decatur Street, Brooklyn, NY 11216
A private-entry garden residence complements the owner’s multi-level home, with its own kitchen, laundry, and backyard access.
Property Size3,905 SF
Price / SF$946.22
Days on Market3
Property Features for 37 Decatur Street
General Information
Standard status
Active
Size
3,905 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,237
Building Details
Building Size
3,905 SF
Year Built
1899
Buildings
1
Listing Agency:
Compass
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Source:
Carlinwright
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 4 at 2:03PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1899, this 3,905-square-foot two-family townhouse combines a multi-level owner’s residence with a separate garden-floor apartment. The owner’s home has five bedrooms, multiple baths, a fireplace, a custom kitchen with a center island, and a private terrace. The garden apartment includes two bedrooms, two baths, a living area, kitchen, in-unit laundry, storage, and access to the landscaped backyard. Additional features include zoned central air conditioning, integrated speakers, double-pane windows, and restored original moldings.
The property is at 37 Decatur Street in Bedford-Stuyvesant, on a tree-lined block. Nearby transportation includes the A and C subway lines and the B26 bus. Neighborhood parks, recreational facilities, dining, and cultural destinations are also cited among nearby amenities.
The property is at 37 Decatur Street in Bedford-Stuyvesant, on a tree-lined block. Nearby transportation includes the A and C subway lines and the B26 bus. Neighborhood parks, recreational facilities, dining, and cultural destinations are also cited among nearby amenities.
Key Highlights
- 3,905 square feet; built in 1899
- Two‑family layout with a multi‑level owner’s residence and separate garden‑floor apartment
- Garden apartment has 2 bedrooms, 2 baths, its own entrance, 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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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,100
Businesses Nearby
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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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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?
Duplex - A private-entry garden residence complements the owner’s multi-level home, with its own kitchen, laundry, and 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: 3,905 square feet; built in 1899; Two‑family layout with a multi‑level owner’s residence and separate garden‑floor apartment; Garden apartment has 2 bedrooms, 2 baths, its own entrance, and backyard access
