Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85 Quay St Brooklyn, NY 11222-2016

    • Apartment buildings
    • 12,750 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $2,625,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0849285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • forecast / Clothing Store

    Property Details for 85 Quay St

    Year built
    1931
    Lot size
    0.14 lot acres
    Property size
    12,750 SF
    Zone code
    M14R7D
    Property type
    Apartment buildings
    APN
    02589-0023
    APU
    25890023

    Description

    This exceptional 3,000-square-foot office space is ideally situated in the vibrant Greenpoint neighborhood of Brooklyn, New York. Located at 85 Quay Street, between West Street and Franklin Street, this single-tenant property offers unparalleled convenience and accessibility. The building enjoys a prime location near the Nassau Avenue G train station, providing easy access to Manhattan and other parts of Brooklyn. Commuters will also appreciate the proximity to several bus lines, including the B32, B24, B62, and B43. The property benefits from its position within a thriving commercial district, surrounded by a diverse range of established businesses and popular local amenities. Nearby establishments include a variety of restaurants (Chez Ma Tante, Cecily, Taku Sando, Bar Americano, Fornino, etc.), retail shops (Renewfinds, Million Goods, Awoke Vintage Brooklyn, etc.), and essential services such as banks (Kearny Bank, Chase Bank, Citibank), pharmacies (CVS), and supermarkets (CTown Supermarkets). Fitness options are also readily available with Crunch Fitness nearby. This location offers a dynamic and convenient environment for any business seeking a prominent presence in a rapidly growing area of Brooklyn. The property is in Kings County, New York, with a zip code of 11222. This presents a unique opportunity to establish a business in a highly desirable and well-connected area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9579
    Latitude
    40.7265
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $87,175
    $45,900
    $1,568,700
    $1,614,600
    -
    $102,000
    $3,486,000
    $3,588,000

    Comparable in this City

    • Value Estimation
      $1,005,000
      3,672 SF

      585 Meeker Ave, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 3,672 SF
      585 Meeker Ave, Brooklyn, NY 11222-5043
      View Details
    • Value Estimation
      $1,980,000
      8,800 SF

      160 Dupont St

      APARTMENT HOUSE (5+ UNITS) • 8,800 SF
      160 Dupont St, Brooklyn, NY 11222-1112
      View Details
    • Value Estimation
      $1,500,000
      5,500 SF

      152 Eckford St

      APARTMENT HOUSE (5+ UNITS) • 5,500 SF
      152 Eckford St, Brooklyn, NY 11222-3370
      View Details
    • Value Estimation
      $1,680,000
      7,500 SF

      212 Kingsland Ave

      APARTMENT HOUSE (5+ UNITS) • 7,500 SF
      212 Kingsland Ave, Brooklyn, NY 11222-4339
      View Details
    • Value Estimation
      $2,225,000
      10,750 SF

      940 Lorimer St

      APARTMENT HOUSE (5+ UNITS) • 10,750 SF
      940 Lorimer St, Brooklyn, NY 11222-3175
      View Details
    • Value Estimation
      $1,775,000
      7,392 SF

      592 Leonard St

      APARTMENT HOUSE (5+ UNITS) • 7,392 SF
      592 Leonard St, Brooklyn, NY 11222-3092
      View Details

    Similar Nearby for Sale

    • $2,295,000

      Brooklyn Multifamily Property for Sale

      Multifamily property in Brooklyn available for purchase.
      104 Newel St, Brooklyn, NY 11222
      View Details
    • New
      $3,995,000
      6,500 SF

      Greenpoint Waterfront Vacant Building

      6,500 sq ft vacant building near East River.
      53 Franklin St, Brooklyn, NY 11222
      View Details
    • $2,070,000
      1,500 SF

      Renovated Greenpoint Multifamily Investment

      Renovated 6-family building in prime Greenpoint location.
      46 Sutton St, Brooklyn, NY 11222
      View Details
    • $4,500,000
      Pending

      Greenpoint Mixed-Use Investment Opportunity

      Income-producing mixed-use property in prime Greenpoint location.
      688 Manhattan Ave, Brooklyn, NY 11222
      View Details
    • $5,860,000
      0.06 Acres

      Williamsburg Multifamily Investment Opportunity

      Eight-family building in Williamsburg with condo-quality residences and modern amenities.
      93 Herbert St, Brooklyn, NY 11222
      View Details
    • $3,600,000
      3,300 SF

      Brooklyn Mixed-Use Income Property

      Updated mixed-use property in Greenpoint, Brooklyn. Opportunity Zone.
      1021 Manhattan Ave, Brooklyn, NY 11222
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Apartment Near McCarren Park

      Modern 2BR/2BA apartment near McCarren Park in Greenpoint.
      129 Russell St, Brooklyn, NY 11222
      View Details
    • Contact for pricing

      Greenpoint Duplex with Private Yard

      Spacious 4-bedroom duplex with private yard in prime Greenpoint.
      105 Russell St, Brooklyn, NY 11222
      View Details
    • $12,000 /Mo
      1,500 SF

      Renovated Duplex with Private Roof

      Full-floor 3.5 bed, 2 bath duplex with Manhattan views.
      212 Franklin St, Brooklyn, NY 11222
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Manhattan Avenue

      5,000 SF retail space available for rent.
      763 Manhattan Ave, Brooklyn, NY 11222
      View Details
    • $45 SF/Yr
      26,000 SF

      Williamsburg Nightclub/Venue For Sale

      Prime Williamsburg, 26,000 SF, High Ceilings
      14 Franklin St, Brooklyn, NY 11222
      View Details
    • $480 /Mo
      900 SF

      Greenpoint Creative Office Space

      900 sq ft, $3000/month, prime location
      15 Division Pl, Brooklyn, NY 11222
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85 Quay St
    Brooklyn, NY 11222-2016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!