Brooklyn Multifamily Investment
438 60th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
3,600 SFLot size:
0.05 AcresPrice / SF:
$388/SF- Added:
- Feb 10, 2025
- Days on Market:
- 477
- Last Refresh:
- Jun 2 at 4:06 pm
Property Features for 438 60th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
- Interior features
- Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13257
Building Details
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Hardwood, Ceramic, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Lisa Pullini License #10311200451 (718) 621-1446
Listing office Pullini Realty Corp. 1406 W 3rd Street, Brooklyn, NY (718) 621-1446
Listing date Feb 10, 2025
MLS# 489146
Listing URL
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.
HighLights
- Legal 6‑family dwelling unit: Ideal for investors.
- Prime Sunset Park location: Close to shopping, restaurants, and transportation.
- Convenient transportation access: Multiple train and bus lines nearby.
- All units feature 2 bedrooms and 1 bathroom: Consistent unit layout simplifies management.
- Proximity to key institutions: Located near Brooklyn Army Terminal and NYU Langone Hospital.
- Diverse flooring: Combination of ceramic, tile, and hardwood flooring.
Overview
This is a six-family dwelling unit located in the Sunset Park neighborhood of Brooklyn. The property contains six units, each featuring two bedrooms and one bathroom. The building is situated in close proximity to shopping, restaurants, and transportation options, including the R, D, and N trains at the 59th Street stop, as well as the B9 bus at the 60th Street/4th Avenue and 60th Street/5th Avenue stops. Nearby landmarks include the Brooklyn Army Terminal and NYU Langone Hospital. Several schools are located in the vicinity, such as Sunset Park School Health, P.S. 503 the School of Discovery, Sunset School of Cultural Learning, Magical Years early childhood daycare center, Public School 310, P.S. 169 Sunset Park and Pre-School of America. The lot size is 0.0459 acres, and the property size is 3,600 square feet. The property is zoned R6B.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.4k | $50.40 |
| − Vacancy | −$6.9k | −$1.92 |
| EGI | $174.5k | $48.48 |
| − OpEx | −$78.5k | −$21.82 |
| NOI | $96.0k | $26.67 |
3,600 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,000 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,365 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.017575
- Latitude
- 40.640026
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-family dwelling in Sunset Park, near transportation and amenities.
Where is this apartment building located?
The property is located at 438 60th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Legal 6‑family dwelling unit: Ideal for investors.; Prime Sunset Park location: Close to shopping, restaurants, and transportation.; Convenient transportation access: Multiple train and bus lines nearby.
