Quincy BH Equities Files 10-Unit Building 105 Days After $3M Deed

Quincy BH Equities paid $3 million for a one to two family house with an attached garage at 229 Quincy Street in Bedford-Stuyvesant, Brooklyn, then went to the Department of Buildings 105 days later to file for a new four-floor, 10-unit residential building on the same lot, according to a deed recorded with the city and a DOB job filing tied to the address.

Why it matters

The deed, recorded in ACRIS as a transfer from Victoria Iyageh to Quincy BH Equities LLC for Block 1802, Lot 69, shows a single buyer moving fast from closing to construction paperwork rather than sitting on the parcel. A 105-day gap between a deed and a new-building filing is a short runway for due diligence, design and permit prep, which points to a buyer that priced the teardown and the unit count into the purchase from the start. The filing itself, job number B01458746-I1, swaps a low-density house for a 10-unit building, the kind of lot-by-lot density increase that is reshaping blocks in Bedford-Stuyvesant one small site at a time. It is a modest deal by Brooklyn standards, not a marquee assemblage, but it is a real, verifiable bet by a named buyer rather than a rumor about the neighborhood changing on its own. More coverage of deals and filings across the borough is at the New York market hub.

The numbers

The deed amount on file is $3M for 100 percent of the property. The DOB new-building filing, B01458746-I1, came 105 days after that deed was recorded. The filing describes a four-floor building with 10 residential units, replacing the one to two family dwelling and garage that stood on the lot.

What’s next

The filing has to clear DOB plan review before any permit to build is issued, and nothing in the record yet shows that approval has happened. The American Developer will track whether Quincy BH Equities moves the filing through review and into construction, and whether the firm returns to Bedford-Stuyvesant for additional small-lot sites.