Legal four-family investment property generating $10,700 per month, with projected market rents of approximately $13,200 per month.
464 Quincy Street presents an opportunity to acquire a fully occupied, income-producing four-family townhouse on a beautiful tree-lined Bedford-Stuyvesant block. Spanning approximately 3,300 square feet, the property measures 18.75 feet by 44 feet and sits on an 18.75-foot-by-100-foot lot.
The building consists of four well-maintained, free-market apartments. The first two units are one-bedroom apartments, while the top two are spacious 1.5-bedroom apartments. All units are in good condition and offer substantial future rental upside.
The property is being delivered fully occupied. All tenants are month-to-month, in good standing and currently generate combined rent of approximately $10,700 per month, or $128,400 annually. Projected market rents are approximately $3,400 for the garden apartment, $3,200 for Unit 1 and $3,300 each for Units 2 and 3, producing projected gross income of approximately $13,200 per month or $158,400 annually.
Each apartment is separately metered for electricity. The building is serviced by one furnace and one hot-water heater. The property retains classic Brooklyn character, including hardwood floors and original details, while offering immediate income and meaningful long-term upside.
Detailed rent roll, income-and-expense statement, leases and additional property information are available upon request. All showings require advance notice due to tenant occupancy.