581 Decatur St Brooklyn, NY 11233

Property Details for 581 Decatur St

Year built

1899

Property size

3,572 SF

Property type

Commercial real estate

APN

K01501-0071

Description

This stunning three-unit brownstone, built in 1899 and renovated in 2024, presents a unique investment opportunity in the highly sought-after Bedford-Stuyvesant neighborhood of Brooklyn, NY. The property, located at 581 Decatur St, features a total of six bedrooms and seven full bathrooms across three units, including an owner's duplex. The owner's duplex occupies the garden and parlor floors and boasts a master suite with a full bathroom, an additional bedroom and full bathroom, a chef's kitchen with high-end appliances and a wine cellar, a spacious living room, and access to both the front and back yards. The two remaining units are each two-bedroom apartments, each equipped with a washer/dryer combo, high-end appliances, and hardwood floors. Building amenities include central air and forced heating, a security/camera system, and Bluetooth speakers. The property sits on a 1,874 sq ft lot and encompasses 3,572 sq ft of living space. The building is zoned R6B. This turnkey investment offers a 6.00% cap rate and is currently vacant, presenting immediate income potential. The asking price is $2,795,000, with a price per unit of $931,666.67 and a price per square foot of $782.47. The property's blend of historic charm and modern updates makes it an exceptional investment in a thriving Brooklyn neighborhood. The APN is K01501-0071.