Multifamily Property with
For Sale
$1,400,000
Pending
559 Quincy St., Brooklyn, NY 11221
Residential Income, Brooklyn, NY
Property Size3,051 SF
Lot Size0.05 Acres
Days on Market148
Property Features for 559 Quincy St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 4
Parking features
Carport
Security features
Security System
Subdivision
Bedford-Stuyvesant
Standard status
Pending
Size
3,051 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9050
Utilities
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
2002
Floors in Building
3
Flooring type
Hardwood, Vinyl
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
FLATEAU REALTY CORP
(718) 953-2732
Listed By:
Maria Flateau
(845) 232-1470
Added: Apr 15
Changed: Sep 9
Last Checked: Sep 9 at 4:06AM
MLS# 11692584
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 559 Quincy St. in Brooklyn, this multifamily property offers 3051 square feet with five bedrooms and three bathrooms. Built in 2002, the building has brick construction, hardwood and vinyl flooring, a rubber roof, natural-gas hot-water heating, and public water service. A carport and one deeded parking spot are included.
The property is in Bedford-Stuyvesant near the Bushwick border, with local dining, boutique shops, and transit access described in the surrounding area. Its residential configuration and established building systems provide a straightforward basis for evaluating the asset as a residential income property.
The property is in Bedford-Stuyvesant near the Bushwick border, with local dining, boutique shops, and transit access described in the surrounding area. Its residential configuration and established building systems provide a straightforward basis for evaluating the asset as a residential income property.
Key Highlights
- 3051 square feet with five bedrooms and three bathrooms
- One deeded parking spot with carport parking
- Built in 2002 with brick construction
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
$93,144
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
6.65%
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%
$1,862,880
$1.9M
Cap Rate 7%
$1,330,629
$1.3M
Cap Rate 9%
$1,034,933
$1.0M
Market Conditions
NOI Build-Up for 3,051 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
$172.8K $56.64/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$169.4K $55.51/SF
− OpEx
−$76.2K −$24.98/SF
NOI
$93.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,862,880
Cap Rate 7%
$1,330,629
Cap Rate 9%
$1,034,933
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,144 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.53M
$2.21M – $2.95M
NOI $176,836 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,302
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Brick construction with hardwood and vinyl flooring, natural-gas hot-water heating, and public water service.
Where is this multifamily property located?
The property is located at 559 Quincy St. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3051 square feet with five bedrooms and three bathrooms; One deeded parking spot with carport parking; Built in 2002 with brick construction
