Prime 4-Family Building in Bedford-Stuyvesant, Brooklyn
Address: 44-46 Decatur Street, Brooklyn, NY
PROPERTY OVERVIEW
Type: 4-Family Residential Building
Location: Bedford-Stuyvesant, Brooklyn
Purchase Price: $3,995,000
Total Units: 4 (1 Duplex, 2 Two-Bedroom Apartments, 1
One-Bedroom Apartment)
UNIT BREAKDOWN
2 Two-Bedroom Units: $3,300 each (can be increased)
1 Duplex Unit: $4,200 (can be increased)
1 One-Bedroom Unit: $3,100 (can be increased)
INVESTMENT HIGHLIGHTS
Current Annual Gross Rental Income: $166,800
Operating Expenses: $32,000
Net Operating Income (NOI): $134,800
CAP RATE SCENARIOS
2 BR: $3,821
Duplex: $4,721
1 BR: $3,621
2 BR: $4,237
Duplex: $5,137
1 BR: $4,037
2 BR: $4,653 Duplex: $5,553
1 BR: $4,453
INVESTMENT POTENTIAL
Target Cap Rate: Choose between 4%, 4.5%, or 5% cap rate based on your investment goals.
Rental Market: Bedford-Stuyvesant is seeing steady rental growth and strong demand. You have the opportunity to adjust rents in line with market trends to increase returns.
HISTORY OF BEDFORD-STUYVESANT
Bedford-Stuyvesant, often affectionately called "Bed-Stuy," is one of Brooklyn’s most historic and culturally rich neighborhoods. Established in the 19th century, Bed-Stuy quickly became a hub of architectural beauty with its classic brownstones and grandiose tree-lined streets. By the mid20th century, the neighborhood developed into a thriving center of AfricanAmerican culture, art, and activism.
Today, Bed-Stuy preserves its deep-rooted history while evolving into a vibrant, diverse community attracting young professionals, creatives, and families alike. The neighborhood’s charm lies in its blend of old and new— historical landmarks and brownstones now sit alongside trendy cafes, art galleries, and boutique shops.
NEIGHBORHOOD HIGHLIGHTS
1. Architectural Beauty
Bed-Stuy is famous for its stunning historic brownstones, many dating back to the 1800s. Decatur Street, where the property is located, is a prime example of Bed-Stuy’s architectural grandeur, offering residents a picturesque, classic Brooklyn aesthetic.
2. Culture and Community
The Billie Holiday Theatre: A celebrated cultural institution, this theater has been showcasing the work of African-American artists for over 50 years.
Bed-Stuy Art Walks: Discover local art galleries, street art, and murals that highlight the neighborhood's creative spirit.
3. Green Spaces and Parks
Herbert Von King Park: A beloved green space featuring sports facilities, playgrounds, and a community center. This park is a gathering place for events, outdoor activities, and neighborhood programs.
Fort Greene Park: Just a short trip away, it’s perfect for a relaxing weekend stroll or an energetic run.
4. Transportation and Connectivity
Bed-Stuy is well-connected by multiple subway lines, including the A, C, G, and J trains, providing easy access to Manhattan and other parts of Brooklyn. You can enjoy a convenient commute to Downtown Brooklyn or Manhattan in under 30 minutes.
5. Dining and Nightlife
Bed-Stuy has become a foodie destination with an array of popular restaurants, cafes, and bars. Explore a range of options, from local favorites like Peaches for Southern comfort food, to modern hotspots like Saraghina, known for its wood-fired pizzas.
6. Growth and Development
Bed-Stuy continues to attract investment and development, with new residential and commercial projects bringing enhanced amenities to the area. This trend supports rising property values and strong rental demand, making it an ideal spot for investors seeking both stability and growth potential.
