693 Quincy is a Very Well Maintained Brownstone Built in 1899
Apartment One - Occupies the Garden and Parlor level of the building. It is a vacant three-bedroom and two-bathroom duplex with a private backyard and access to the cellar. Previously rented at $3,700 per month.
Apartment Two - Occupies the 3rd floor of the building. It is a large one bedroom and one bathroom. Currently rented with a great tenant at $2,100 per month. The lease ends on 10/31/2023.
Apartment Three - Occupies the 4th floor of the building. It has the same exact layout as Apartment Two. Currently rented with a longstanding tenant for $1,271 per month. There is no lease in place.
Expenses- Fuel/Gas ($2,380 for the year 2022) Common Electric ($998 for the year 2022) Taxes ($6,622 for the most current tax bill ending in 2023) Water/Sewer (~$800 per unit per year)
693 Quincy is a great opportunity for an owner to live in the duplex and collect rent from the other two apartments. The going rate of 1-Bedroom apartments in the Bed-Stuy area is $2,400 per month. The owner could also move into the 3rd-floor apartment and collect even more rent from the duplex apartment.
