577 Decatur St, Brooklyn, NY 11233

Building Details

Year Built

1865

Listing agent Kervin Vales License #109918089

Listing office Brown Harris Stevens

Listing date Nov 24, 2023

Source Crexi

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 Brown Harris Stevens

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Overview

This is a 20-foot wide, two-unit, three-story corner mixed-use building. The property features two stores on the first floor and two four-bedroom apartments above. A four-car garage is located at the back of the property. The apartments feature wood floors, good-sized closets, and ample sunlight. The units have 10-foot ceilings, and the electric and plumbing systems have been updated. The kitchens are equipped with stainless steel appliances and granite countertops. The full bathrooms feature modern tubs and toilets and are nicely tiled. Each unit also includes a washer and dryer. The property offers a prime investment opportunity. An investor can add value by renting out the garages or converting them into stores. The second-floor unit has access to the roof of the garages, which can be used as outdoor space. The property also presents a great user opportunity, where the corner stores can be used for business purposes, and the second-floor unit can be occupied. The third-floor apartment can be rented for income, along with the garages. The property benefits from residential exposure on Decatur Street and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street and Broadway. The property size is 3,600 square feet.

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

-73.919799

Latitude

40.683233

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FAQs

What type of property is this?

Mixed-use property - Two-unit, three-story corner building with stores and apartments.

Where is this mixed-use property located?

The property is located at 577 Decatur St Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: Mixed‑use building with two stores and two four‑bedroom apartments offers diverse income streams.; Four‑car garage presents immediate rental income potential.; Updated electric and plumbing systems ensure modern functionality.