100% Leased
464 Quincy Street, Brooklyn, NY 11221
For Sale
$1,795,000
Four-unit residential income property offered fully leased.
Property Size3,300 SF
Price / SF$543.94
Days on Market195
Property Features for 464 Quincy Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
EXP Realty NYC
Listed By:
Wilson Zorrilla · License NY #10401251534
(631) 627-4837
Source:
Carlinwright
Added: May 5
Changed: Nov 15
Last Checked: Nov 14 at 3:54PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 10.66%
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
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,616
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
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
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 $1,795,000.
What are key features of this property?
This property features: Four‑family residential income property offered fully leased; 100% leased
