577 Decatur StBrooklyn, NY 11233

For Sale
$1,880,000

Prime Brooklyn location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property at 577 Decatur Street in Bushwick, Brooklyn, presents a lucrative investment opportunity. Built in 1800, this building sits on a 2,000 square foot lot (20' x 100') and boasts a total building size of 20' x 60'. The property features a 1,200 square foot storefront and 2,400 square feet of residential space. The residential area comprises multiple units, each offering four bedrooms, one bathroom, and a living room. Current market rent for each unit is approximately $4,500 per month, generating substantial rental income. The property is zoned R5B, offering flexibility for future development. Annual property taxes are only $6,367. This prime location offers excellent accessibility, with proximity to Fulton Street and Atlantic Avenue, a 7-minute walk to the A/C/J subway lines, and just three blocks from a bus stop. The property is situated in a highly desirable school district. The property is currently held under contract vendee ownership. This is a rare chance to acquire a well-located, income-producing mixed-use property in a rapidly growing Brooklyn neighborhood.

Highlights

  • Exceptional mixed-use investment opportunity in Bushwick, Brooklyn.
  • 1800's building on a 20' x 100' lot (2,000 sq ft), totaling 20' x 60'.
  • Features a 1,200 sq ft storefront and 2,400 sq ft of residential space.
  • Residential space comprises multiple four-bedroom, one-bathroom units, each currently renting for approximately $4,500/month.
  • R5B zoning allows for future development flexibility.
  • Low annual property taxes of $6,367.

Property Details for 577 Decatur St

Property type
Other mixed-use properties, Mixed-use properties
Year Built
1800

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6831241
Longitude
-73.9201805
577 Decatur St, Brooklyn, New York

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577 Decatur St
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