Brick Duplex with Finished
New
For Sale
$935,000
2001 E 60th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,876 SF
Lot Size0.07 Acres
Price / SF$498.40
Days on Market2
Property Features for 2001 E 60th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Garage
Interior features
A/C Unit, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Partial, Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,876 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7299
Amenities
finished basement
large yard
Building Details
Year built
1960
Flooring type
Ceramic, Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Tracey Real Estate
(718) 376-4994
Listed By:
Philip MacDonald
(718) 376-4994
Added: Aug 21
Last Checked: Aug 22 at 9:06PM
MLS# 503959
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,876-square-foot brick duplex was built in 1960 and features three bedrooms, three bathrooms, and a finished basement. The interior combines hardwood and ceramic flooring with a living room, dining area, and kitchen combination. A/C, laundry appliances, kitchen appliances, and a dishwasher are included. The property also has a flat roof, a large yard, a private drive, and a built-in garage.
Located at 2001 E 60th Street in Brooklyn, the property carries R5 zoning and is identified within the 11234 postal area. The configuration provides a residential layout with dedicated garage parking and outdoor space.
Located at 2001 E 60th Street in Brooklyn, the property carries R5 zoning and is identified within the 11234 postal area. The configuration provides a residential layout with dedicated garage parking and outdoor space.
Key Highlights
- 1,876 square feet with 3 bedrooms and 3 bathrooms
- Brick duplex built in 1960
- Finished basement and large yard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,701
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,314,020
$1.3M
Cap Rate 7%
$938,586
$938.6K
Cap Rate 9%
$730,011
$730.0K
Market Conditions
NOI Build-Up for 1,876 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.7K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.9K $50.03/SF
− OpEx
−$28.2K −$15.01/SF
NOI
$65.7K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,314,020
Cap Rate 7%
$938,586
Cap Rate 9%
$730,011
Alternative Uses
Best Use
Multifamily LT 5
$938.6K
$821.3K – $1.10M
NOI $65,701 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$818.2K
$715.9K – $954.5K
NOI $57,272 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,733 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom, three-bath residence with private parking, a built-in garage, and a finished lower level.
Where is this duplex located?
The property is located at 2001 E 60th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: 1,876 square feet with 3 bedrooms and 3 bathrooms; Brick duplex built in 1960; Finished basement and large yard
