100% Leased
464 Quincy Street Brooklyn, NY 11221
For Sale
Contact for pricing
Four-unit residential income property offered fully leased.
Property Size3,300 SF
Price / SF$604.55
Days on Market23
Property Features for 464 Quincy Street
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail, Multifamily
Listing Agency:
eXp Realty BKNY
(631) 627-4837
Listed By:
Wilson Zorrilla · License #10401251534
Source:
Crexi
Added: Jul 6
Changed: Jul 23
Last Checked: Jul 27 at 3:40PM
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 BKNY
Investment Insights
Based on property information with market context.
This offering is a four-family residential income property currently described as 100% leased. The building provides four separate units within a single multifamily structure.
The property is listed for sale at 464 Quincy Street in Brooklyn, NY 11221. The available remarks indicate full occupancy through current tenancy.
With four residential units in place and all units reportedly leased, the property presents an income-producing multifamily configuration for an investor or buyer seeking an immediately occupied asset.
The property is listed for sale at 464 Quincy Street in Brooklyn, NY 11221. The available remarks indicate full occupancy through current tenancy.
With four residential units in place and all units reportedly leased, the property presents an income-producing multifamily configuration for an investor or buyer seeking an immediately occupied asset.
Key Highlights
- Four‑family residential income property offered fully leased
- 100% leased
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.3k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $165.1k | $50.03 |
| − OpEx | −$49.5k | −$15.01 |
| NOI | $115.6k | $35.02 |
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property offered fully leased.
Where is this quadplex located?
The property is located at 464 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: Four‑family residential income property offered fully leased; 100% leased
