581 Decatur Street
Description
**Seller will cover all buyer closing costs for a contract signed by July 31, 2025.**
Opportunity knocks with this 19’ x 50’ brownstone offering approximately 3,752 square feet of living space on a bucolic, tree-lined block in one of Brooklyn’s most vibrant neighborhoods. Whether you're looking to live in one unit and collect income from two fully renovated rental units, or rent out the entire building, this investment delivers flexibility, strong cash flow, and long-term upside....**SELLER INCENTIVE**
**Seller will cover all buyer closing costs for a contract signed by July 31, 2025.**
Opportunity knocks with this 19’ x 50’ brownstone offering approximately 3,752 square feet of living space on a bucolic, tree-lined block in one of Brooklyn’s most vibrant neighborhoods. Whether you're looking to live in one unit and collect income from two fully renovated rental units, or rent out the entire building, this investment delivers flexibility, strong cash flow, and long-term upside. The rental market is strong and there is no slowdown in sight, making this the ideal investment opportunity.
Each unit is thoughtfully outfitted with tenant-friendly amenities, including individual electric and gas meters, hot water heaters, dishwashers, and in-unit washer/dryers—features that maximize your rent roll. Rental income from the two units can cover more than half of your monthly mortgage, making this an ideal option for both owner-occupants and savvy investors.
Located just a short distance from the C train for a convenient Manhattan commute and moments from Saratoga Park, this is a rare chance to own a turn-key, income-producing asset n one of Brooklyn’s most dynamic and appreciating enclaves.
Amenities
- Primary Ensuite
- Private Yard
- Hardwood Floors
- Walk Up
- Washer / Dryer in Unit
- Laundry in Building
- Air Conditioning
- Dishwasher
Property Details for 581 Decatur Street
| Status | Exclusive Expired |
|---|---|
| Days on Market | 110 |
| Taxes | $453 / month |
| Maintenance | - |
| Min. Down Pymt | 5% |
| Total Rooms | 15.0 |
| Compass Type | Multi Family |
| MLS Type | - |
| Year Built | 1899 |
| Lot Size | 1,875 SF / 19' x 100' |
| County | Kings County |
| Buyer's Agent Compensation | 2% |
Building
581 Decatur St
Location
Building Information for 581 Decatur Street
Payment Calculator
$14,922 per month
30 year fixed, 6.15% Interest
$14,469
$453
$0
Property History for 581 Decatur Street
| Date | Event & Source | Price |
|---|---|---|
| 09/01/2025 | Temporarily Off Market Manual | — |
| 05/13/2025 | Listed (Active) Manual | $2,500,000 |
| 03/11/2025 | Temporarily Off Market ONEKEY #806508 | $2,800,000 |
| 02/09/2025 | Temporarily Off Market ONEKEY #806508 | $2,400,000 |
| 01/06/2025 | Price Change ONEKEY #806508 | $2,800,000 |
| 12/18/2024 | Listed (Active) ONEKEY #806508 | $2,450,000 |
| 12/06/2024 | Temporarily Off Market ONEKEY #3563288 | $2,795,000 |
| 12/04/2024 | Permanently Off Market ONEKEY #3563288 | $2,795,000 |
| 07/03/2024 | Listed (Active) ONEKEY #3563288 | $2,799,999 |
| 05/31/2024 | Temporarily Off Market ONEKEY #3535682 | $2,849,999 |
| 03/06/2024 | Listed (Active) ONEKEY #3535682 | $3,299,999 |
| 08/04/2023 | $1,525,000 +4.6% / yr | |
| 06/21/2023 | Temporarily Off Market ONEKEY #3466001 | $1,500,000 |
| 03/21/2023 | Listed (Active) ONEKEY #3466001 | $1,500,000 |
| 08/29/2007 | $742,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 581 Decatur Street
Schools near 581 Decatur Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 40 George W Carver PublicPK to 5 | ||
Brooklyn Green School (The) Public6 to 8 | ||
Brooklyn High School Law And Tech Public9 to 12 | ||
Research And Service High School Public10 to 12 |
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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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. 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.