704 Decatur Street

For Sale - Brooklyn - Bedford-Stuyvesant / Bed Stuy

$3,500,000

Net Operating Income: $$290,400

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Key Details

Property Type
Mixed Use
Neighborhood
Bedford-Stuyvesant / Bed Stuy
Property Dimensions
25.0 x 80.0
Property Area
10,500 sq.ft.
Total Units:
9
Stories:
4
NOI
$$290,400
Price
$3,500,000

Listing Description

The Forray Team @ The Corcoran Group is proud to exclusively represent 704 Decatur Street located. A Corner Masonry Building in the bustling neighborhood of Bedford-Stuyvesant, Brooklyn. This mixed-use multifamily building is an ideal property for investors with a projected market CAP Rate of +/- 7%.

DELIVERED FULLY VACANT! This MUST SEE Corner property is in full working condition. The building is x4 stories tall with direct roof access and offers a full height basement. Sitting on a 25' x 100' lot the above grade building size is approximately 8,500 SF with a total size of 10,500 Gross SF. The ground floor has soaring 13.8’ ceilings and consists of three (3) commercial spaces plus 2 car garage. The 2nd – 4th Floor boasts ~9’9” ceiling height, 2 equal units per floor with multiple exposures in each apartment, great original details such as wood flooring, decorative moldings, fireplaces & potential for private roof terraces. The triple exposure allows for abundant natural sunlight in every unit. Located in the heart of Bedford-Stuyvesant surrounded by restaurants, bars, shopping and easy transit. The J/Z/C trains is minutes away at the Chauncey St/Halsey St and Rockaway Ave stations and the Q24, Q20, B7 and B26 are right outside. Call/email for a sales memo and schedule an appointment to view.

Property Details

Block/Lot:
01506/0035
Lot Dimensions
25.0 x 100.0
Lot Area
2,500 sq.ft
Zoning:
R6
FAR as Built:
3.2
Max FAR:
4.8
Donald LaiCorcoran
Contact Agent Download Listing Flyer