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577 Decatur Street

577 Decatur St, Brooklyn, NY 11233
Available Now
$2,500,000
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FOR SALEMixed Use / Multifamily
Cap Rate
6.18%
NOI
$154,552
Building Size
3,600SF
Lot Size
2000SF
Year Built
1865
Zoning
R5B
Listing Contacts
Real Estate Broker
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More property details

Occupancy
95%
Tenancy
Multi Tenant
Currently Leased
No
Investment
Value Add
Property Class
B
No of Buildings
1
No of Stories
3

Location

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577 Decatur Street
About the location

This 20-foot-wide, three-story corner mixed-use building features two ground-floor retail spaces and two spacious four-bedroom apartments above. A four-car garage is located at the rear of the property. The residential units boast hardwood floors, ample closets, abundant natural light, and 10-foot ceilings. Recent updates include modern electrical and plumbing systems, kitchens with stainless steel appliances and granite countertops, and full bathrooms with contemporary fixtures and stylish tiling. Each unit also includes a washer and dryer.

The property offers strong investment potential—an investor can generate additional income by leasing the garages or converting them into retail spaces, while the second-floor unit could utilize the garage roof as a private terrace. It’s also well-suited for an owner-user who wishes to operate a business in the corner stores while residing in the second-floor apartment and renting out the third-floor unit and garages for extra income.

Ideally situated with residential frontage on Decatur Street and commercial exposure along Howard Avenue, the property benefits from excellent visibility and accessibility. The J train at Chauncey Street and Broadway is just four blocks away, providing convenient transit to other parts of the city.

Documents

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577 Decatur Street OM.pdf
359 KB · Listing document
577 Decatur Street
3,600 SF · mixed-use · United States · NY
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