577 Decatur St Brooklyn, NY 11233
- Commercial real estate
Current Use by Public Records
- A&Z organic market corp / Organic Food Store
- Kenneth E. Dillard, CPA / Accountant
- Accounting, IT and HR work / Accountant / Financial Consultant
Property Details for 577 Decatur St
- Year built
- 1800
- Property type
- Commercial real estate
Description
This exceptional mixed-use property at 577 Decatur Street in Bushwick, Brooklyn, presents a lucrative investment opportunity. Built in 1800, this building sits on a 2,000 square foot lot (20' x 100') and boasts a total building size of 20' x 60'. The property features a 1,200 square foot storefront and 2,400 square feet of residential space. The residential area comprises multiple units, each offering four bedrooms, one bathroom, and a living room. Current market rent for each unit is approximately $4,500 per month, generating substantial rental income. The property is zoned R5B, offering flexibility for future development. Annual property taxes are only $6,367. This prime location offers excellent accessibility, with proximity to Fulton Street and Atlantic Avenue, a 7-minute walk to the A/C/J subway lines, and just three blocks from a bus stop. The property is situated in a highly desirable school district. The property is currently held under contract vendee ownership. This is a rare chance to acquire a well-located, income-producing mixed-use property in a rapidly growing Brooklyn neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9201805
- Latitude
- 40.6831241
