Two-Unit Townhouse
New
For Sale
$1,995,000
307 Quincy Street, Brooklyn, NY 11216
Townhouse configuration supports separate owner and rental living areas with a private driveway and cellar laundry.
Property Size4,052 SF
Price / SF$492.35
Days on Market6
Property Features for 307 Quincy Street
General Information
Standard status
Active
Size
4,052 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
TLC might be needed
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,291
Amenities
laundry
Building Details
Building Size
4,052 SF
Year Built
1899
Buildings
1
Stories
4
Listing Agency:
EXP Realty NYC
Listed By:
Ecaterina MOROSAN
(929) 444-8802
Source:
Carytamura
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 21 at 8:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty NYC
Investment Insights
Based on property information with market context.
This four-floor townhouse contains two separate residential units: an owner’s duplex occupying the ground and parlor levels, plus a rental duplex above. The property includes five bedrooms, two dens or office spaces, four bathrooms, and 11 total rooms. An unfinished cellar extends beneath the owner’s unit and contains the laundry area. The layout can also function as a single-family residence without additional layout work.
Built in 1899, the property retains the scale and multi-level arrangement associated with Brooklyn townhouse living. A private driveway adds off-street access, while the cellar provides additional unfinished space. Nearby G, A, and C subway lines provide public transportation access, with dining, retail, arts, and community destinations in the surrounding area.
Built in 1899, the property retains the scale and multi-level arrangement associated with Brooklyn townhouse living. A private driveway adds off-street access, while the cellar provides additional unfinished space. Nearby G, A, and C subway lines provide public transportation access, with dining, retail, arts, and community destinations in the surrounding area.
Key Highlights
- Two residential units: an owner’s duplex and an upper‑level rental duplex
- Five bedrooms, two dens or offices, four bathrooms, and 11 total rooms
- Four‑floor townhouse with an unfinished cellar
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,908
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,838,160
$2.8M
Cap Rate 7%
$2,027,257
$2.0M
Cap Rate 9%
$1,576,756
$1.6M
Market Conditions
NOI Build-Up for 4,052 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$206.7K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$202.7K $50.03/SF
− OpEx
−$60.8K −$15.01/SF
NOI
$141.9K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,838,160
Cap Rate 7%
$2,027,257
Cap Rate 9%
$1,576,756
Alternative Uses
Best Use
Multifamily LT 5
$2.03M
$1.77M – $2.37M
NOI $141,908 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$1.77M
$1.55M – $2.06M
NOI $123,703 @ 7.0% cap · market cap 6.20%
Theoretical Best
Specialty Retail
$3.36M
$2.94M – $3.91M
NOI $234,854 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Townhouse configuration supports separate owner and rental living areas with a private driveway and cellar laundry.
Where is this duplex located?
The property is located at 307 Quincy Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Two residential units: an owner’s duplex and an upper‑level rental duplex; Five bedrooms, two dens or offices, four bathrooms, and 11 total rooms; Four‑floor townhouse with an unfinished cellar
