3-Unit
420 QUINCY Street, Brooklyn, NY 11221
For Sale
$2,145,000
Four levels include a duplex residence and two separate apartments, with potential to revise the existing layout.
Property Size3,000 SF
Price / SF$715
Days on Market52
Property Features for 420 QUINCY Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Corcoran Group
Listed By:
Omari S Toomer
(917) 397-3923
Source:
Carlinwright
Added: Sep 23
Changed: Oct 31
Last Checked: Nov 12 at 2:51PM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1901 townhouse is arranged across four stories, with an English basement and cellar. Its current configuration pairs a three-bedroom reverse duplex with two two-bedroom apartments. The building has undergone work to electrical systems, insulation, the roof and skylight, bathrooms, basement structure, water heater, and exterior stairs. Original front doors and interior banisters remain. The existing apartment arrangement can be maintained, or the layout can be changed to create a triplex residence above a garden-level apartment.
The property is near the G and A trains, Herbert Von King Park, and the shops and restaurants along Tompkins Avenue. The surrounding area also includes schools, fitness options, and other community amenities.
The property is near the G and A trains, Herbert Von King Park, and the shops and restaurants along Tompkins Avenue. The surrounding area also includes schools, fitness options, and other community amenities.
Key Highlights
- Current layout: three‑bedroom reverse duplex plus two two‑bedroom apartments
- Four‑story townhouse with English basement and cellar
- Built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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 Rate 5%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
4,964
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Four levels include a duplex residence and two separate apartments, with potential to revise the existing layout.
Where is this triplex located?
The property is located at 420 QUINCY Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,145,000.
What are key features of this property?
This property features: Current layout: three‑bedroom reverse duplex plus two two‑bedroom apartments; Four‑story townhouse with English basement and cellar; Built in 1901
