Mixed-Use Property with
44-46 Decatur Street, Brooklyn, NY 11216
For Sale
Contact for pricing
Two adjoining buildings combine five apartments, a street-level commercial unit, and private outdoor areas.
Property Size3,216 SF
Price / SF$1,038
Days on Market11
Property Features for 44-46 Decatur Street
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private rear deck
paved garden
private balcony
roof deck
Building Details
Year Built
Buildings
Listing Agency:
Creative Realty Partners
Listed By:
John Pasquale · License NY #10491201220
(917) 902-4926
Source:
Ridgevalleyre
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 12 at 7:18AM
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 Creative Realty Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The adjoining properties at 44–46 Decatur Street comprise 3,216 square feet and were built in 1899. The renovated assemblage includes five apartments and a ground-floor commercial space. At 44 Decatur Street, two two-bedroom, one-bathroom apartments feature updated kitchens and hardwood floors; the garden-level residence also has a private deck and paved garden. At 46 Decatur Street, the storefront has glass frontage, high ceilings, an open layout, a rear room, and storage closets. Above it are a one-bedroom apartment and a two-bedroom duplex penthouse with two full bathrooms, a balcony, and a roof deck.
The properties are on a brownstone block near cafés, services, and public transportation. The commercial space is described as suitable for retail, office, studio, or gallery use.
The properties are on a brownstone block near cafés, services, and public transportation. The commercial space is described as suitable for retail, office, studio, or gallery use.
Key Highlights
- Two adjoining buildings with a combined stated property size of 3,216 square feet
- Five apartments across the two buildings, plus a ground‑floor commercial unit
- 44 Decatur includes two two‑bedroom, one‑bathroom residences; one has a private deck and paved garden
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,222
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,084,440
$3.1M
Cap Rate 7%
$2,203,171
$2.2M
Cap Rate 9%
$1,713,578
$1.7M
Market Conditions
NOI Build-Up for 3,216 SF
Gross rent
$250.1K $77.76/SF
− Vacancy
−$29.8K −$9.25/SF
EGI
$220.3K $68.51/SF
− OpEx
−$66.1K −$20.55/SF
NOI
$154.2K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,084,440
Cap Rate 7%
$2,203,171
Cap Rate 9%
$1,713,578
Alternative Uses
Best Use
Retail
$2.20M
$1.93M – $2.57M
NOI $154,222 @ 7.0% cap · market cap 4.62%
Second Best
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $116,741 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$2.66M
$2.33M – $3.11M
NOI $186,399 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
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
$1,398,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining buildings combine five apartments, a street-level commercial unit, and private outdoor areas.
Where is this mixed-use property located?
The property is located at 44-46 Decatur Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,340,000.
What are key features of this property?
This property features: Two adjoining buildings with a combined stated property size of 3,216 square feet; Five apartments across the two buildings, plus a ground‑floor commercial unit; 44 Decatur includes two two‑bedroom, one‑bathroom residences; one has a private deck and paved garden
