Four-Story Two-Family
For Sale
$2,750,000
Pending
533A QUINCY St, Brooklyn, NY 11221
Owner’s triplex is paired with a finished one-bedroom garden apartment and shared cellar recreation space.
Property Size3,751 SF
Days on Market168
Property Features for 533A QUINCY St
General Information
Standard status
Pending
Size
3,751 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,492
Building Details
Building Size
3,751 SF
Year Built
1931
Units
2
Listing Agency:
Corcoran Group
Listed By:
Leslie A Marshall · License #30MA1045304 (NY)
(646) 361-3384
Source:
Elliman
Added: May 15
Changed: Oct 25
Last Checked: Oct 28 at 9:37AM
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
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Investment Insights
Based on property information with market context.
This four-story, two-family brownstone at 533A Quincy Street measures 17 feet wide by 45 feet deep and was built in 1931. The upper residence is configured as an owner’s triplex with a designer kitchen, dining and living areas, three bedrooms on the top floor, a primary suite, office or nursery, multiple bathrooms, laundry storage, and a roof deck with Manhattan skyline views. A south-facing parlor level opens to a tiled deck and landscaped garden.
The garden level contains a separate one-bedroom apartment with a custom kitchen, full bathroom, washer and dryer, and large bedroom. Both residences can access a finished cellar recreation room with a half-bathroom. Additional improvements include double-pane Andersen windows, multizone heating and cooling with Nest thermostats, a solar power canopy, custom closet systems, and surround sound on the parlor level. The property is located in Brooklyn, NY 11221, with a Walk Score of 92, Transit Score of 96, and bikeScore of 87.
The garden level contains a separate one-bedroom apartment with a custom kitchen, full bathroom, washer and dryer, and large bedroom. Both residences can access a finished cellar recreation room with a half-bathroom. Additional improvements include double-pane Andersen windows, multizone heating and cooling with Nest thermostats, a solar power canopy, custom closet systems, and surround sound on the parlor level. The property is located in Brooklyn, NY 11221, with a Walk Score of 92, Transit Score of 96, and bikeScore of 87.
Key Highlights
- Two‑family brownstone configured as an owner’s triplex over a garden rental
- 17 feet wide by 45 feet deep; built in 1931
- Upper residence includes three top‑floor bedrooms, a primary suite, office or nursery, and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,366
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,627,320
$2.6M
Cap Rate 7%
$1,876,657
$1.9M
Cap Rate 9%
$1,459,622
$1.5M
Market Conditions
NOI Build-Up for 3,751 SF
Gross rent
$191.3K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$187.7K $50.03/SF
− OpEx
−$56.3K −$15.01/SF
NOI
$131.4K $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%
$2,627,320
Cap Rate 7%
$1,876,657
Cap Rate 9%
$1,459,622
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.64M – $2.19M
NOI $131,366 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,514 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.62M
NOI $217,408 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,616
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Owner’s triplex is paired with a finished one-bedroom garden apartment and shared cellar recreation space.
Where is this duplex located?
The property is located at 533A QUINCY St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑family brownstone configured as an owner’s triplex over a garden rental; 17 feet wide by 45 feet deep; built in 1931; Upper residence includes three top‑floor bedrooms, a primary suite, office or nursery, and multiple bathrooms
