Residential Income Property with
For Sale
$559,000
1060 Jefferson Avenue 4B, Brooklyn, NY 11221
One-bedroom condominium with modern finishes, private outdoor space, and access to shared fitness and rooftop amenities.
Property Size567 SF
Price / SF$985.89
Days on Market73
Property Features for 1060 Jefferson Avenue 4B
General Information
Standard status
Active
Size
567 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,956
Amenities
private balcony
in-unit washer/dryer
central heating and cooling
heated floors
deep soaking tub
fitness center
common roof deck
Building Details
Building Size
567 SF
Year Built
2022
Listing Agency:
ENGEL & VOLKERS NEW YORK CITY
Listed By:
Joseph M Boivin
(561) 906-9809
Source:
Nilelundgren
Added: Jul 29
Changed: Oct 8
Last Checked: Oct 7 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ENGEL & VOLKERS NEW YORK CITY
Investment Insights
Based on property information with market context.
Residence 4B is a 567-square-foot, one-bedroom condominium in an elevator building completed in 2022. The home features floor-to-ceiling windows, high ceilings, wide-plank white oak flooring, and an open kitchen with custom cabinetry, quartz counters, stainless steel appliances, and integrated storage. A private balcony extends the living area, while the bedroom includes closet space and the bathroom offers heated flooring and a deep soaking tub. Central heating and cooling, plus an in-unit washer and dryer, add everyday convenience.
The condominium contains ten residences and provides a fitness center and furnished common roof deck with neighborhood and city views. Located at 1060 Jefferson Avenue in Brooklyn, the property is near cafes, restaurants, galleries, and nightlife, with access to the J, Z, and L subway lines for travel through Brooklyn and Manhattan.
The condominium contains ten residences and provides a fitness center and furnished common roof deck with neighborhood and city views. Located at 1060 Jefferson Avenue in Brooklyn, the property is near cafes, restaurants, galleries, and nightlife, with access to the J, Z, and L subway lines for travel through Brooklyn and Manhattan.
Key Highlights
- 567 SF one‑bedroom condominium at 1060 Jefferson Avenue 4B
- Private balcony extends the living space
- Floor‑to‑ceiling windows, high ceilings, and white oak flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,310
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,200
$346.2K
Cap Rate 7%
$247,286
$247.3K
Cap Rate 9%
$192,333
$192.3K
Market Conditions
NOI Build-Up for 567 SF
Gross rent
$32.1K $56.64/SF
− Vacancy
−$642 −$1.13/SF
EGI
$31.5K $55.51/SF
− OpEx
−$14.2K −$24.98/SF
NOI
$17.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,200
Cap Rate 7%
$247,286
Cap Rate 9%
$192,333
Alternative Uses
Best Use
Apartment 5plus
$247.3K
$216.4K – $288.5K
NOI $17,310 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.5K
$410.8K – $547.7K
NOI $32,863 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with modern finishes, private outdoor space, and access to shared fitness and rooftop amenities.
Where is this residential income property located?
The property is located at 1060 Jefferson Avenue 4B Brooklyn, NY.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 567 SF one‑bedroom condominium at 1060 Jefferson Avenue 4B; Private balcony extends the living space; Floor‑to‑ceiling windows, high ceilings, and white oak flooring
