Detached Brick
For Sale
$1,888,888
60 Quentin Road, Brooklyn, NY 11223
Residential Income, Brooklyn, NY
Property Size3,450 SF
Lot Size0.07 Acres
Price / SF$547.50
Days on Market24
Property Features for 60 Quentin Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6, Dining Room, Basement
Parking features
Alley, Driveway
Interior features
Formal Dining, Granite Counters, High Ceilings
Basement
Finished, Full
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
06645-0004
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21134
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1931
Number of units
4
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Landmark International R E LLC
(718) 898-8300
Listed By:
Dongyue Niu · License #10401282827
(347) 870-1239
Added: Sep 8
Changed: Sep 30
Last Checked: Oct 1 at 3:06PM
MLS# 1049154
Copyright © 2026 OneKey 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.
This detached brick quadplex contains four apartments: one studio and three two-bedroom units. The building measures 3,450 square feet, excluding the basement, and sits on a 0.0651-acre lot. A finished basement has a separate entrance, and the property includes a private driveway. Each apartment has its own heating and hot water system; those systems were replaced in 2024. Exterior pointing was completed in 2023, and the first-floor studio and two-bedroom apartment were renovated three years ago.
The property is near the NWDF train and 86th Street shopping, including a supermarket and restaurants. It is offered with the option of vacant delivery.
The property is near the NWDF train and 86th Street shopping, including a supermarket and restaurants. It is offered with the option of vacant delivery.
Key Highlights
- Four apartments: one studio and three two‑bedroom units
- 3,450 square feet, excluding the basement, on a 0.0651‑acre lot
- Finished basement with a separate entrance
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
$120,825
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
6.40%
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%
$2,416,500
$2.4M
Cap Rate 7%
$1,726,071
$1.7M
Cap Rate 9%
$1,342,500
$1.3M
Market Conditions
NOI Build-Up for 3,450 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
$176.0K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$172.6K $50.03/SF
− OpEx
−$51.8K −$15.01/SF
NOI
$120.8K $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 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%
$2,416,500
Cap Rate 7%
$1,726,071
Cap Rate 9%
$1,342,500
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,825 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$1.50M
$1.32M – $1.76M
NOI $105,325 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,962 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments include a studio and three two-bedroom units, with a finished basement and private driveway.
Where is this quadplex located?
The property is located at 60 Quentin Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Four apartments: one studio and three two‑bedroom units; 3,450 square feet, excluding the basement, on a 0.0651‑acre lot; Finished basement with a separate entrance
