Historic Bedford Stuyvesant Multifamily
787 QUINCY St Brooklyn, NY 11221
787 QUINCY St, Brooklyn, NY, 11221
$1,700,000
For Sale
$1,700,000
Charming 1931 townhouse with renovation potential and income opportunities.
Property Size2,268 SF
Lot Size0.04 Acres
Price / SF$749.56
Days on Market128
Property Features for 787 QUINCY St
General Information
- Standard status
- Active
- Size
- 2,268 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency
(516) 637-0930
Listed by
Amit Golriz
(516) 637-0930
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 3:16 am
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.
Located in Bedford Stuyvesant, 787 Quincy Street is a historic multifamily townhouse constructed in 1931. The property retains many original details and requires complete renovation. The ground floor features a kitchen, living room, bathroom, and dining room, with access to a backyard garden spanning nearly 1,200 sq ft. The parlor level includes two bedrooms, a bathroom, and two decorative fireplaces. The upper floors are configured as two, 2-bedroom apartments. The basement is a large, open space housing the mechanical closets. The 2,268 sq ft interior is situated on an 18 ft x 100 ft (1800 sq ft) lot. This property offers the opportunity to create a duplex home with income potential from the upper floors or to maintain it as a multi-family residence. The property is sold in As-Is condition and will be delivered vacant. The taxes are $6,363.
Key Highlights
- Opportunity to create a duplex home with income‑generating apartments.
- Enjoy the large, 1,200 sq ft backyard garden.
- Versatile, open basement space.
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 | $128.5k | $56.64 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $125.9k | $55.51 |
| − OpEx | −$56.7k | −$24.98 |
| NOI | $69.2k | $30.53 |
2,268 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,453 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Charming 1931 townhouse with renovation potential and income opportunities.
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: Opportunity to create a duplex home with income‑generating apartments.; Enjoy the large, 1,200 sq ft backyard garden.; Versatile, open basement space.
