Multifamily Property with Deeded
559 Quincy St. Brooklyn, NY 11221
559 Quincy St., Brooklyn, NY, 11221
$1,400,000
Pending
For Sale
$1,400,000
Pending
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,051 SF
Lot Size0.05 Acres
Days on Market94
Property Features for 559 Quincy St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2
- Parking features
- Carport
- Security features
- Security System
- 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
- Natural Gas, Hot Water(Heating)
- 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
368A DECATUR ST, BROOKLYN, NY
Listed by
Maria Flateau
Added: Apr 15 Checked: Jul 17 at 9:06 pm
MLS# 11692584
Listing URL
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.
Offered for sale, 559 Quincy St. is an other multifamily residential income property on a 0.0497-acre lot with 3,051 square feet of building area. The property includes (1) deeded parking spot.
Located in Brooklyn (11221), the home is described as being in the heart of Bedford-Stuyvesant, near the border of Bushwick, with nearby dining, boutique shops, and excellent transit access.
An open house is scheduled for Wed, July 8 from 6:30 PM to 7:30 PM. Prospective buyers can review the property during the scheduled showing.
Located in Brooklyn (11221), the home is described as being in the heart of Bedford-Stuyvesant, near the border of Bushwick, with nearby dining, boutique shops, and excellent transit access.
An open house is scheduled for Wed, July 8 from 6:30 PM to 7:30 PM. Prospective buyers can review the property during the scheduled showing.
Key Highlights
- Brick construction home built in 2002
- Includes deeded parking spot plus carport parking
- Public water source
Local Financial Insights For Apartment 5plus
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 | $172.8k | $56.64 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $169.4k | $55.51 |
| − OpEx | −$76.2k | −$24.98 |
| NOI | $93.1k | $30.53 |
3,051 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Playground Turf Factory ...
Building Supply
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FAQs
What type of property is this?
Multifamily property - For sale at 559 Quincy St. Includes one deeded parking spot in a Brooklyn residential income setting.
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: Brick construction home built in 2002; Includes deeded parking spot plus carport parking; Public water source
