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44 and 46 Decatur Street together represent a rare combined assemblage opportunity in the heart of Bedford Stuyvesant, Brooklyn. Offered directly by the owner, these two adjacent properties create a flexible and income producing package with a balanced mix of renovated residential units, private outdoor space, and a highly visible commercial storefront. The combined offering provides multiple revenue streams and long term upside in one of Brooklyn’s most stable and rapidly improving neighborhoods. 44 Decatur Street is a fully renovated townhome containing two residential units. Each unit features a two bedroom, one bathroom layout finished to a clean and consistent modern standard. Unit 1 occupies the garden and lower levels and includes hardwood floors, tall ceilings, recessed lighting, and a living area that flows naturally into an updated kitchen with stainless steel appliances and solid cabinetry. The lower level offers flexible space suitable for recreation, storage, or additional living use, and includes a washer dryer hookup. This unit enjoys exclusive access to a private rear deck and a paved garden, a valuable feature that adds meaningful outdoor living space. Unit 2 is located on the upper floors and mirrors the same renovation quality with hardwood floors, high ceilings, bright exposures, and an updated kitchen and bathroom. Both apartments are well suited for stable residential tenancy or owner occupancy. 46 Decatur Street sits directly beside 44 and adds a complementary mixed use component to the assemblage. The building contains a ground floor commercial unit, a one bedroom apartment on the second floor, and a two bedroom duplex penthouse above. The commercial space benefits from wide glass frontage with strong street presence and visibility. The interior features high ceilings, recessed lighting, and an open, flexible layout appropriate for retail, office, studio, or gallery use. A rear room provides additional functional space for office or consultation purposes, and the unit offers multiple storage closets for practical operations. Above the commercial level, the second floor holds a renovated one bedroom apartment with hardwood floors, large front windows, and a modern kitchen and bathroom. The layout is simple and efficient, making it an attractive and easily rentable residence. The top floors contain a two bedroom duplex penthouse with two full bathrooms, tall windows, and skylights that fill the space with natural light. The main level opens onto a private balcony, and the upper level provides access to a dedicated roof deck, creating exceptional private outdoor space rarely found in similar properties. The estimated monthly property taxes of $2012 cover both 44 and 46 Decatur Street and will be allocated between the two buildings, further reinforcing the efficiency of owning the properties together as a package. When combined, the assemblage delivers two renovated residential units at 44 Decatur and three income producing components at 46 Decatur, including a prime storefront and two additional apartments. This structure offers an ideal blend of residential stability and commercial exposure. Located on a quiet brownstone block close to local cafés, services, and public transportation, the properties benefit from steady neighborhood demand and strong long term appreciation trends. The assemblage is well positioned for an investor seeking diversified cash flow, or for an owner user who wants to live on site while maintaining income from adjacent units. With updated condition throughout, multiple private outdoor areas, and a mix of uses that appeal to a broad tenant base, 44 and 46 Decatur Street together present a compelling, turnkey opportunity in one of Brooklyn’s most desirable markets.
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Our Executive Mortgage Banker:
$3,340,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,672,000 | $2,672,000 | $2,672,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.121% | 6.058% |
| Monthly Tax Payment | $2,012 | $2,012 | $2,012 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,962 | $16,020 | $22,368 |
| Total Monthly Payment | $17,099 | $18,157 | $24,505 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.