1200-1202 Decatur Street, Brooklyn, NY 11207

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.