Corner Mixed-Use
New
For Sale
$2,600,000
97 Quentin Road, Brooklyn, NY 11223
Five apartments sit above two commercial spaces, including a laundromat and convenience store.
Property Size5,600 SF
Price / SF$464.29
Days on Market2
Property Features for 97 Quentin Road
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Mixed Use
Zoning
C2-3/r7a
Net Operating Income
$120,000
Site & Location
Corner Location
Yes
Road Access
Yes
Units
Unit Mix
4 x 2BR, 1 x 3BR
Multifamily Units
5
Additional Details
Gross Income
$170,000
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Prideestates
Added: Oct 7
Last Checked: Oct 7 at 2:18PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains five apartments and two commercial spaces. The ground floor includes a laundromat, a convenience store, and a rear two-bedroom apartment. The second floor has one three-bedroom and one two-bedroom apartment; two additional two-bedroom apartments occupy the third floor. Residential units have separate living rooms and eat-in kitchens, and none are rent stabilized.
The building contains approximately 5,600 square feet, with a full basement. The first floor measures approximately 20 by 100 feet, while the second and third floors each measure approximately 20 by 90 feet. The corner parcel is at Quentin Road and West 10th Street, near the meeting point of the Kings Highway and Quentin Road commercial corridors. Zoning is C2-3/R7A.
The building contains approximately 5,600 square feet, with a full basement. The first floor measures approximately 20 by 100 feet, while the second and third floors each measure approximately 20 by 90 feet. The corner parcel is at Quentin Road and West 10th Street, near the meeting point of the Kings Highway and Quentin Road commercial corridors. Zoning is C2-3/R7A.
Key Highlights
- Five residential apartments, none rent stabilized
- Two commercial spaces: a laundromat and a convenience store
- Apartment mix includes one 3‑bedroom and four 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$203,280
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,600
$4.1M
Cap Rate 7%
$2,904,000
$2.9M
Cap Rate 9%
$2,258,667
$2.3M
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$369.6K $66.00/SF
− Vacancy
−$44.4K −$7.92/SF
EGI
$325.2K $58.08/SF
− OpEx
−$122.0K −$21.78/SF
NOI
$203.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,065,600
Cap Rate 7%
$2,904,000
Cap Rate 9%
$2,258,667
Alternative Uses
Best Use
Retail
$3.84M
$3.36M – $4.48M
NOI $268,546 @ 7.0% cap · market cap 10.33%
Second Best
Mixed Use
$2.90M
$2.54M – $3.39M
NOI $203,280 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$4.64M
$4.06M – $5.41M
NOI $324,576 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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
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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?
Mixed-use property - Five apartments sit above two commercial spaces, including a laundromat and convenience store.
Where is this mixed-use property located?
The property is located at 97 Quentin Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Five residential apartments, none rent stabilized; Two commercial spaces: a laundromat and a convenience store; Apartment mix includes one 3‑bedroom and four 2‑bedroom units
