1200-1202 Decatur Street

Listed By CompassNew
Listed By CompassNew
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Active
$9,800,000
Est: $63,166/moGet pre-approved
18 beds

1200-1202 Decatur Street, Bushwick

Multi FamilyProperty Type
2018Year Built
$667/moMaintenance
1% CompensationBuyer's Agent

Description

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...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 Agent
  1. Yoav Blat

    Yoav Blat

    Listing Agent

    Compass

    P: (212) 380-1375

    CallText
Days on Market Listed Today
Last updated: 10/08/2026 04:28 PM

Amenities

  • Washer / Dryer in Unit
  • Central AC
  • Central Heating

Location

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Payment Calculator

Get preapproved with Rocket Mortgage1

$63,166 per month

30 year fixed, 7.03% Interest

Principal and Interest

$62,127

Property Taxes

$372

Maintenance/Common Charges

$667

The Payment Calculator is for illustrative purposes only.
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Property Information for 1200-1202 Decatur Street

Property Details

  • Taxes: $372 / month
  • Min. Down Pymt: 5%
  • Total Rooms: 40.0
  • County: Kings County
  • Buyer's Agent Compensation: 1%

Building Information

  • Year Built: 2018

Property History for 1200-1202 Decatur Street

DateEvent & SourcePriceAppreciation
Oct 8, 2026

Listed (Active)

Manual

$9,800,000—
DateEvent & SourcePrice
10/08/2026

Listed (Active)

Manual

$9,800,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1200-1202 Decatur Street

This home is within New York City Geographic District #32.
Rating
School
Type
Grades
Distance
P.S. Is 384 Frances E Carter
Public - PK to 8
Brooklyn School For Math And Research
Public - 9 to 12
Evergreen Middle School-Urban Exploration
Public - 6 to 8
P.S. 377 Alejandina B De Gautier
Public - PK to 5
Rating
School
Distance
P.S. Is 384 Frances E Carter
PublicPK to 8

Brooklyn School For Math And Research
Public9 to 12

Evergreen Middle School-Urban Exploration
Public6 to 8

P.S. 377 Alejandina B De Gautier
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1200-1202 Decatur Street, Bushwick

1200-1202 Decatur Street is a multi-family home for sale in Bushwick. This listing's school district is New York City Geographic District #32. Nearby schools include P.S. Is 384 Frances E Carter, Brooklyn School For Math And Research and Evergreen Middle School-Urban Exploration. 1200-1202 Decatur Street is a 18-bed, 22-bath multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.