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577 Decatur St
Brooklyn, NY 11233
Retail Property For Sale
EXECUTIVE SUMMARY
A 20’ wide two unit three story corner mixed-use building. The property has two stores on the first floor and two four-bedroom apartments above. There is a four car garage to the back.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
The units have nice wood floors all the bedrooms have good size closets and get great sunlight. The units has 10’ ceilings and all the electric and plumbing has been updated. The kitchens have stainless steel appliances and granite counter tops. The full bathroom have modern tubs and toilets and are nicely tiled. The units also have a washer & dryer.
The property is a prime investment opportunity, an investor can add value by renting out the garages or convert them to stores. The second floor unit can use the roof of the garages as outdoor space.
The property is also a great user opportunity, a user can use the corner stores for their business and live in the second floor unit. The third floor apartment can be rented for income, along with the garages.
The property has great residential exposure on Decatur Street Avenue and commercial exposure on Howard Avenue. The J train is located four blocks away on Chauncey Street & Broadway.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
C
Year Built
1800
Price
$3,444,500 CAD
Price Per SF
$956.81 CAD
Cap Rate
6.14%
NOI
$211,320 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.38
Lot Size
0.06 AC
Zoning
R5B - Located in the Bedford-Stuyvesant neighborhood of Brooklyn between Howard St & MacDonough St
Parking
4 Spaces (1.11 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
PROPERTY TAXES
| Parcel Number | 01500-0046 | Improvements Assessment | $452,576 CAD |
| Land Assessment | $107,074 CAD | Total Assessment | $559,650 CAD |
PROPERTY TAXES
Parcel Number
01500-0046
Land Assessment
$107,074 CAD
Improvements Assessment
$452,576 CAD
Total Assessment
$559,650 CAD
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