$1,150,000
Updated 8 years ago
Sold

1016 Decatur Street

Bushwick, Brooklyn | Broadway & Bushwick Ave

7 Rooms4 Beds2 Baths2,248 Square FeetMulti-Family

$1,150,000
floors / apts4 / 2
Lot Size18'9"x39'
ZoneR6
Building TypeTownhouse
RE Taxes$8,190
Price Per SF
$512

This property was sold for $1,150,000 on 06/07/18.

Listing Features

  • High Ceilings
  • Oversized Windows
  • Electric Heat
  • Through The Wall

Outdoor space and views

  • Patio
  • Private Roof
  • City Views
  • Skyline Views

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 1016 Decatur Street

1016 Decatur is a turn key, 2 unit multi fam. Easily above a 5% cap rate.

This townhouse has been thoughtfully renovated into a stunning and efficient 2 family townhouse. Located in Bushwick, only 2 blocks from the Chauncey St JMZ train and 7 blocks from the Bushwick Ave L train.

The building consists of 2 units: (both totally renovated featuring ss appliances, dishwasher and washer/dryer)

Unit A
Efficiently designed, 900 sf, duplex studio located on the ground floor. Small patio.
Suggested rental price: $2000-2200

Unit B
Massive 1500 sf, 3 bedroom/ 2 bath triplex plus private roof deck with amazing skyline views. Vaulted ceilings. Features a spacious Master suite with it's own bathroom and walk in closet. Master bedroom can also be split into 2 bedrooms if needed. All 3 floors feature floor to ceiling windows which are south and west facing and provide amazing light.
Suggested rental price: $4500 (comps upon request)

***Please call or email asap as owner is looking to sell fast. Don't miss out on this great opportunity to buy in developing Bushwick before the prices skyrocket!

**Brokers, we do cobroke so please register your buyers for our open houses.
*Buyers, please email us today for a quick and easy showing as we are the exclusive sellers and will offer discounts on direct deals.

Listing History for 1016 Decatur Street

Now
03/06/2018
Contract Signed by Ortal Marketing & Sales
Bedrock LLC
02/07/2018
$1,199,000 [-$101,000] [7.8%]
Price Drop by Ortal Marketing & Sales
Bedrock LLC

Building Details for 1016 Decatur Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2015
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

Chauncey St
0.17 miles
Halsey St
0.31 miles
Bushwick Av-Aberdeen St
0.34 miles
Wilson Av
0.43 miles
Rockaway Av
0.49 miles

Citi Bike

Moffat St & Bushwick
0.1 miles
Eldert St & Bushwick Ave
0.15 miles

Contact Agents

Contact Agents

Marty Hanna
Bedrock LLC

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 71995TH