Mixed-Use Building in
For Sale
$3,100,000
Pending
426 Decatur St, Brooklyn, NY 11233
Mixed-use property with commercial spaces and residential apartments.
Property Size4,700 SF
Days on Market192
Property Features for 426 Decatur St
General Information
Standard status
Pending
Size
4,700 SF
Property subtype
Commercial
Building Details
Building Size
4,700 SF
Year Built
1910
Units
5
Listed By:
Dewayne A. Ewan
(347) 238-0279
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 4:44PM
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 Dewayne A. Ewan
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Investment Insights
Based on property information with market context.
This mixed-use building is located in the Stuyvesant Heights section of Bedford-Stuyvesant, Brooklyn. The property includes two commercial spaces, one approximately 1,500 square feet and the other approximately 1,000 square feet, along with five residential apartments. Each apartment is configured with 3 bedrooms and 1 full bathroom. The property will be delivered vacant. The location offers convenient access to transportation, shopping, dining, and local amenities. The property is suitable for investors or end-users seeking a mixed-use property. The bike score is 74, indicating it is very bikeable. The walk score is 88, indicating it is very walkable. The transit score is 98, indicating it is a rider's paradise.
Key Highlights
- Delivered vacant, offering immediate income potential or redevelopment opportunities.
- Prime mixed‑use building with two commercial spaces: 1,500 sq ft & 1,000 sq ft, and five residential apartments.
- Each of the five apartments features 3 bedrooms and 1 full bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,750
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,000
$1.8M
Cap Rate 7%
$1,296,429
$1.3M
Cap Rate 9%
$1,008,333
$1.0M
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$165.0K $66.00/SF
− Vacancy
−$19.8K −$7.92/SF
EGI
$145.2K $58.08/SF
− OpEx
−$54.5K −$21.78/SF
NOI
$90.8K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,000
Cap Rate 7%
$1,296,429
Cap Rate 9%
$1,008,333
Alternative Uses
Best Use
Mixed Use
$1.30M
$1.13M – $1.51M
NOI $90,750 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,359
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial spaces and residential apartments.
Where is this mixed-use property located?
The property is located at 426 Decatur St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Delivered vacant, offering immediate income potential or redevelopment opportunities.; Prime mixed‑use building with two commercial spaces: **1,500 sq ft & 1,000 sq ft**, and five residential apartments.; Each of the five apartments features **3 bedrooms and 1 full bathroom**.
