Two-Family Duplex with Garden
New
For Sale
$2,795,000
695 Quincy Street, Brooklyn, NY 11221
Residential Income, Brooklyn, NY
Property Size3,696 SF
Price / SF$756.22
Days on Market2
Property Features for 695 Quincy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 5, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 6
Subdivision
Stuyvesant Heights
High school district
000000
Standard status
Active
Size
3,696 SF
Amenities
private deck
garden
roof terrace
multi-zone climate control
integrated speaker system
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:06PM
MLS# 12007509
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.
At 695 Quincy Street, this 3,696-square-foot, four-story duplex pairs a brick exterior with a multi-level interior. The upper residence has an open living and dining area, a kitchen with a quartz island and integrated Bosch appliances, and a private deck. A primary suite and secondary room occupy the second floor, while the level above includes three bedrooms, two full bathrooms, and stairs to a roof terrace. A finished cellar adds further interior space.
The garden-level apartment is a separate two-bedroom, two-bathroom residence with its own entrance, kitchen, and laundry. It opens directly to the backyard and can serve as a rental or guest residence. Multi-zone climate control and an integrated speaker system are installed throughout the property.
The property is in Bedford-Stuyvesant, near Saraghina's, Trad Room, Laziza, and LunAtico. J, M, and C subway service and the B52 and B46 bus routes are nearby.
The garden-level apartment is a separate two-bedroom, two-bathroom residence with its own entrance, kitchen, and laundry. It opens directly to the backyard and can serve as a rental or guest residence. Multi-zone climate control and an integrated speaker system are installed throughout the property.
The property is in Bedford-Stuyvesant, near Saraghina's, Trad Room, Laziza, and LunAtico. J, M, and C subway service and the B52 and B46 bus routes are nearby.
Key Highlights
- 3,696 square feet across four stories
- Separate garden‑level residence with 2 bedrooms, 2 bathrooms, kitchen, laundry, and private entrance
- Upper residence features a kitchen with a quartz island and Bosch appliances
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
$129,440
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
4.63%
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%
$2,588,800
$2.6M
Cap Rate 7%
$1,849,143
$1.8M
Cap Rate 9%
$1,438,222
$1.4M
Market Conditions
NOI Build-Up for 3,696 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
$188.5K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$184.9K $50.03/SF
− OpEx
−$55.5K −$15.01/SF
NOI
$129.4K $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 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%
$2,588,800
Cap Rate 7%
$1,849,143
Cap Rate 9%
$1,438,222
Alternative Uses
Best Use
Multifamily LT 5
$1.85M
$1.62M – $2.16M
NOI $129,440 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,835 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,220 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,119
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate garden-level residence includes its own entrance, kitchen, laundry, and access to the backyard.
Where is this duplex located?
The property is located at 695 Quincy Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 3,696 square feet across four stories; Separate garden‑level residence with 2 bedrooms, 2 bathrooms, kitchen, laundry, and private entrance; Upper residence features a kitchen with a quartz island and Bosch appliances
