Detached Two-Family
New
For Sale
$1,000,000
60 Ashford Street, Brooklyn, NY 11207
MULTI_FAMILY - Colonial - Brooklyn, NY
Property Size1,804 SF
Lot Size0.05 Acres
Price / SF$554.32
Days on Market4
Property Features for 60 Ashford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Basement
Parking features
On Street
Interior features
First Floor Full Bath, Eat-in Kitchen, High Ceilings, High Speed Internet, Quartz/Quartzite Counters, Recessed Lighting, Washer/Dryer Hookup
Basement
Full, Unfinished, Walk-Out Access
Elementary school
Ps 108 Sal Abbracciamento
Middle school
Vista Academy
High school
Transit Tech Career And Tech Edu
Elementary school district
Brooklyn 19
Middle school district
Brooklyn 19
High school district
Brooklyn 19
Standard status
Active
APN
03923-0043
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6197
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Vinyl
Building materials
Advanced Framing Technique, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Douglas Elliman Real Estate
(516) 795-3456
Listed By:
Anthony Smart-Heralall
(516) 698-7255
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 13 at 4:06PM
MLS# 995236
Copyright © 2026 OneKey MLS. 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 detached Colonial, built in 1920, is configured as a two-family residence with 4 bedrooms and 2.5 baths. Interior features include multiple living and dining areas, eat-in kitchens, high ceilings, quartz or quartzite counters, recessed lighting, and washer/dryer hookups. A full basement and finished attic provide additional interior space. Heating is provided by natural gas hot water, with wall or window unit cooling. The property sits on approximately 0.0526 acres and has a detached-home configuration. Public water and public sewer serve the property, while parking is available on street. The location is near public transportation, including the J train at Cleveland Street, along with neighborhood shopping, dining, schools, and everyday amenities.
Key Highlights
- Detached two‑family Colonial built in 1920
- 4 bedrooms and 2.5 baths
- Approximately 0.0526 acres
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
$63,179
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
6.32%
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%
$1,263,580
$1.3M
Cap Rate 7%
$902,557
$902.6K
Cap Rate 9%
$701,989
$702.0K
Market Conditions
NOI Build-Up for 1,804 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
$92.0K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$90.3K $50.03/SF
− OpEx
−$27.1K −$15.01/SF
NOI
$63.2K $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%
$1,263,580
Cap Rate 7%
$902,557
Cap Rate 9%
$701,989
Alternative Uses
Best Use
Multifamily LT 5
$902.6K
$789.7K – $1.05M
NOI $63,179 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$786.8K
$688.4K – $917.9K
NOI $55,074 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,560 @ 7.0% cap · market cap 10.46%
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
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Detached Colonial with two-family configuration, basement, finished attic, and separate living and dining areas.
Where is this duplex located?
The property is located at 60 Ashford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Detached two‑family Colonial built in 1920; 4 bedrooms and 2.5 baths; Approximately 0.0526 acres
