1386 Decatur St
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1386 Decatur St
6 Unit Apartment Building $1,103,212 CAD ($183,869 CAD/Unit) 5.54% Cap Rate 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$102,532
|
$18.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,532
|
$18.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$41,395
|
$7.47
|
| Net Operating Income |
$61,136
|
$11.04
|
Financial Summary (Actual - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $102,532 |
| Annual Per SF | $18.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $102,532 |
| Annual Per SF | $18.51 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,395 |
| Annual Per SF | $7.47 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,136 |
| Annual Per SF | $11.04 |
Property Facts Under Contract
| Price | $1,103,212 CAD | Apartment Style | Low Rise |
| Price Per Unit | $183,869 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.54% | Building Size | 5,540 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment |
| Price | $1,103,212 CAD |
| Price Per Unit | $183,869 CAD |
| Sale Type | Investment |
| Cap Rate | 5.54% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,540 SF |
| No. Stories | 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 | $700,789 CAD (2024) |
| Land Assessment | $8,779 CAD (2024) | Total Assessment | $709,568 CAD (2024) |
PROPERTY TAXES
Parcel Number
03437-0043
Land Assessment
$8,779 CAD (2024)
Improvements Assessment
$700,789 CAD (2024)
Total Assessment
$709,568 CAD (2024)
zoning
| Zoning Code | R6 (Residential) |
| R6 (Residential) |
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1386 Decatur St
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