Updated 12 days ago
In contract
Bedford Stuyvesant, Brooklyn | Ralph Ave & Howard Ave
16 Rooms8 Beds6 Baths3,240 Square FeetMulti-Family

$2,400,000
floors / apts4 / 4
Lot Size18'x100'
Built Size18'x45'
ZoneR5B
Building TypeLow-Rise
RE Taxes$6,142
Price Per SF
$741

Outdoor space and views

  • Garden [18'x48']
  • Terrace [13'x16']

Property Description

Looking for a blank slate on which to execute your investment opportunity objectives? Look no further. 521 Decatur St is the perfect investment opportunity. A full gut renovation has just been completed on the ground floor and parlor levels. Each floor consists of expansive, modern, luxury 2-bedroom, 2-bath units. Each unit features a modern kitchen with dishwasher, stone countertops with ample prep and cooking space, stainless steel sinks, ranges and plentiful cabinet storage. Modern conveniences such as split unit air-conditioning are in every room. The bathrooms are outfitted with the modern fixtures and designed to accommodate the tastes of today's most demanding tenants. Best of all, each unit has its own, individually accessible outdoor space - a fantastic personal getaway oasis replete with slate ground covering and unique outdoor living space that 21st century tenants require. As of October 31st the building will be completely vacant, primed for the investor interested in leveraging immediate income opportunities. The 3 and 4th floor units are floor-through apartments with ample living space and loads of "light-and-air." In today's highly competitive rental environment of increased competition for quality units that can command higher tier income objectives, 521 Decatur Street is the rare find with the ability to exceed those objectives.

521 Decatur Street is also located on a beautiful tree-lined block full of gorgeous historic homes, close to the C Train at Ralph Avenue and J & Z Train at Chauncey Street along with a list of local bars and restaurants such as Chez Oskar, Le Antagonist, Saraghina, Bar Lunatica and host of others conveniently located in Bedford Stuyvesant.

Listing History

Now
10/12/2022
Contract Signed by Isaiah Ajala
Brown Harris Stevens
06/01/2022
$2,400,000
Initial Price by Isaiah Ajala
Brown Harris Stevens

Building Details

OwnershipMulti-Family
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1906
Floors/Apts4/4
Learn More About the Building

Contact Agents

Contact Agents

Isaiah Ajala
Brown Harris Stevens
Douglas Jones
Brown Harris Stevens
Darnell Thornton
Brown Harris Stevens
View this property on the company's website

Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

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: 86247TH