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1200-1202 Decatur Street

Bushwick, Brooklyn | Central Ave & Wilson Ave

40 Rooms18 Beds20 BathsCondo

$9,800,000
floors / apts5 / 16
ZoneR6
Building TypeLow-Rise
RE Taxes$4,452

Building Amenities

  • Video Intercom

Property Description for 1200-1202 Decatur Street

Rare opportunity to acquire two identical five-story multifamily buildings comprising 16 residential units, with eight units in each building. Constructed in 2018 as new-development condominiums with high-end finishes, the properties are fully occupied and positioned in one of Brooklyn’s most up-and-coming rental markets. Strong tenant demand, below-market rents, and significant potential to increase rental income provide an attractive opportunity to grow cash flow and long-term value. The properties also benefit from a 30-year 421-a tax abatement, with combined annual real estate taxes of only $4,433. Investment Highlights: • 16 residential units • 15,240 total square feet • $507,423 current NOI • $643 per square foot • 5.26% current cap rate • 6.15% pro forma cap rate • Fully occupied • 30-year 421-a tax abatement Cotact agent for OM and data room link.

Listing History for 1200-1202 Decatur Street

Now
10/08/2026
$9,800,000
Initial Price by Yoav Blat
Compass
2026

Building Details for 1200-1202 Decatur Street

OwnershipCondo
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2018
Financing Allowed90%
Floors/Apts5/16
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Contact Agent

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Licensed As
Yoav Blat
Salesperson
License#:
10401398848
Company:
Compass
View this property on the company's website

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: 109221TH