Building Details

Building Size 3,100 SF

Year Built 1931

Listed By: Amit Golriz Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:53PM

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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 Amit Golriz

Investment Insights

Based on property information with market context.

A multifamily property located at 787 QUINCY St, Brooklyn, NY 11221, is available for sale with a list price of $1,700,000.

Key Highlights

• Year Built: 1931

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$94,640

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,892,800 $1.9M

Cap Rate 7%

$1,352,000 $1.4M

Cap Rate 9%

$1,051,556 $1.1M

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$175.6K $56.64/SF

− Vacancy

−$3.5K −$1.13/SF

EGI

$172.1K $55.51/SF

− OpEx

−$77.4K −$24.98/SF

NOI

$94.6K $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 Rate 5%

$1,892,800

Cap Rate 7%

$1,352,000

Cap Rate 9%

$1,051,556

Alternative Uses

Best Use

Apartment 5plus

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,640 @ 7.0% cap · market cap 5.57%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.57M

$2.25M – $2.99M (±1% cap)

NOI $179,676 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Acupuncture Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,144

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property available in Brooklyn, New York.

Where is this multifamily property located?

The property is located at 787 QUINCY St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Year Built: 1931