713 Decatur St Brooklyn, NY 11233-2013
- Investment properties
- 3,591 SF
- 0.03 lot acres
Current Use by Public Records
- NYC Unity Solar Company / Solar Energy Company
Property Details for 713 Decatur St
- Year built
- 1925
- Lot size
- 0.03 lot acres
- Property size
- 3,591 SF
- Zone code
- R6
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01502-0040
- APU
- 15020040
Description
This exceptional mixed-use property, located at 713 Decatur Street in Brooklyn, New York, presents a compelling investment opportunity. The three-story building, totaling 3,591 square feet, boasts a strong 8.31% cap rate and a net operating income (NOI) of $157,818. The property features four units: two commercial storefronts and two residential apartments, each with four bedrooms. Currently, the building enjoys 100% occupancy with a gross lease structure. The commercial units contribute significantly to the substantial monthly rental income of $14,600. Renovated in 2022, this property is zoned R6 and offers significant upside potential, particularly with the two vacant residential units. The asking price is $1,899,000, translating to a price per square foot of $528.82. The remaining lease term on the commercial units is six years. This prime corner location in the desirable Bedford-Stuyvesant neighborhood makes this a truly attractive investment prospect. The building's strong cash flow and potential for future rental increases make it an ideal addition to any investment portfolio.
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
- -73.9148
- Latitude
- 40.6838
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
