1386 Decatur St
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1386 Decatur St
6 Unit Block of Flats £613,861 (£102,310/Unit) 5.54% Net Initial Yield Brooklyn, NY 11237
Investment Highlights
- Great investment opportunity in the heart of Brooklyn!
- Nice clean building and the subway and bus stops are conveniently located just minutes away!
- This excellent 6 Family Home features a full basement, a total of 12 Bedrooms and 6 Full Bathrooms.
- With a total of 6 rental units, this property offers plenty of space and potential for rental income.
Executive Summary
Great investment opportunity in the heart of Brooklyn! This excellent 6 Family Home features a full basement, a total of 12 Bedrooms and 6 Full Bathrooms. Nice clean building and the subway and bus stops are conveniently located just minutes away! With a total of 6 rental units, this property offers plenty of space and potential for rental income. Monthly Income of $6,002.31. Total Gross Income is $72,027.72 per year and expenses are $24,500. Cap rate: 5.46% **Owner has priced the property to sell and only looking for cash offers.**
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£57,052
|
£10.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£57,052
|
£10.30
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£23,034
|
£4.16
|
| Net Operating Income |
£34,018
|
£6.14
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £57,052 |
| Annual Per SF | £10.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £57,052 |
| Annual Per SF | £10.30 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £23,034 |
| Annual Per SF | £4.16 |
| Net Operating Income | |
|---|---|
| Annual | £34,018 |
| Annual Per SF | £6.14 |
Property Facts Under Contract
| Price | £613,861 | Apartment Style | Low Rise |
| Price Per Unit | £102,310 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Net Initial Yield | 5.54% | Building Size | 5,540 SF |
| No. Units | 6 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | £613,861 |
| Price Per Unit | £102,310 |
| Sale Type | Investment |
| Net Initial Yield | 5.54% |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,540 SF |
| Number of Floors | 3 |
| Year Built | 1926 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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Walk Score ®
Very Walkable (79)
Transit Score ®
Rider's Paradise (95)
PROPERTY TAXES
| Parcel Number | 03437-0043 | Improvements Assessment | £398,352 (2024) |
| Land Assessment | £4,990 (2024) | Total Assessment | £403,343 (2024) |
PROPERTY TAXES
Parcel Number
03437-0043
Land Assessment
£4,990 (2024)
Improvements Assessment
£398,352 (2024)
Total Assessment
£403,343 (2024)
zoning
| Zoning Code | R6 (Residential) |
| R6 (Residential) |
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1386 Decatur St
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