44 & 46 Decatur Street
4-Family Residential & Commercial Investment Assemblage with Storefront, Adjacent Townhouse, and Private Two-Car Garage in Bedford-Stuyvesant, Brooklyn
Square Footage
44 Decatur St: 2,510 SF
46 Decatur St: 3,007 SF
Ceiling Height
8'9" - 9'4"
Frontage
44 Decatur St: 16’
46 Decatur St: 16’
Asking
$4,300,000
Availability
Immediate
Description
A unique investment opportunity awaits with the sale of 44 and 46 Decatur Street, a rare assemblage of two adjacent properties offered directly by the owner in one of Brooklyn’s most desirable neighborhoods. Together, this assemblage comprises a 4-family residential building with one commercial space and private two-car garage, making it a versatile and lucrative investment. Newly renovated, these properties seamlessly blend historic charm with modern updates.
The combined properties feature 5 total units: 1 duplex, 2 two-bedroom apartments, 1 one-bedroom apartment, and 1 commercial space. 44 Decatur Street showcases pre-war charm with its inviting stoop, elegant bay windows, high ceilings, and hardwood floors throughout. It offers flexible layouts and significant potential for rental income or owner-occupied use.
Meanwhile, 46 Decatur Street complements its neighbor with a sleek, modern design. Among its highlights is a unique duplex unit, featuring a stunning open staircase that creates a dynamic and contemporary feel. Its open interiors, floor-to-ceiling windows, and natural light-filled spaces make it ideal for retail, creative studios, or office use. A standout feature is the private rooftop deck, offering panoramic views of the surrounding neighborhood. The two-car garage further sets this property apart, providing a rare and valuable amenity for tenants or business use.
With a combined annual Net Operating Income of $220,000 and a 5.1% CAP rate, this assemblage delivers strong, immediate returns and future growth potential. Situated on a quiet, tree-lined street, just steps from dining, retail, transportation, and cultural attractions, these properties offer both urban convenience and residential appeal.
Property Highlights
Units:
• 1 Duplex ($5,300/month)
• 2 Two-Bedroom Apartments ($4,200 each)
• 1 One-Bedroom Apartment ($3,800)
• 1 Commercial Space ($3,500)
• Annual Gross Rental Income: $252,000
• Operating Expenses: $32,000 (incl. $21,437 in property taxes)
• Net Operating Income: $220,000
• CAP Rate: 5.1%
44 Decatur Street
46 Decatur Street
Location
Nestled in Bedford-Stuyvesant on a peaceful street, with immediate access to key subway lines, making citywide commuting effortless
Neighbors
Brooklyn Children's Museum, St. Andrew's Playground, Brooklyn Adult Learning Center, Herbert Von King Park, Peaches Restaurant, Saraghina Restaurant, The Home Depot, Rainbow Shops
