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$ 2,450,000
Est. payment /mo
Price Dropped by $50K
135 Decatur Street Brooklyn, NY 11216
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11630323
Year Built 1899
Annual Tax Amount $9,510
Property Description
Introducing 135 Decatur Street, a true trophy 5-family brownstone that seamlessly blends architectural significance, luxury craftsmanship, and strong in-place income. Completely gut renovated from the ground up with no expense spared, this exceptional property stands as a rare, turnkey opportunity to acquire a high-quality Brooklyn brownstone that performs as beautifully as it presents. The building is anchored by a spectacular duplex spanning the parlor level and fully finished basement, configured as a 5-bedroom residence offering grand scale, generous ceiling heights, and refined contemporary finishes. Designed with both lifestyle and functionality in mind, this residence delivers true townhouse living - ideal for an end user seeking a statement home supported by substantial rental income. Above, the second and third floors each feature two impeccably renovated one-bedroom apartments, all thoughtfully laid out to maximize light, flow, and long-term tenant appeal. Each unit reflects the same elevated standard of construction, with modern kitchens and baths, quality materials, and cohesive architectural detailing throughout. Every component of the property has been thoughtfully rebuilt - including mechanical systems, infrastructure, and interior build-outs - resulting in a brownstone that is both aesthetic and fundamentally sound. This is a true turnkey asset, eliminating the capital-expenditure risk that often accompanies historic properties. From an investment standpoint, the property offers the rare profile of a luxury "trophy" asset delivering a healthy, in-place return at approximately a 7% cap rate - making it equally compelling for long-term holders, family offices, or owner-users looking to preserve capital while enjoying meaningful cash flow. Whether acquired as a legacy hold, luxury house-hack, or portfolio cornerstone, 135 Decatur Street represents a unique opportunity to own a high-caliber Brooklyn brownstone with both prestige and performance.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Structure Type Masonry - Brick