Brooklyn Warehouse with Office
1229 60th St Brooklyn, NY 11219
1229 60th St, Brooklyn, NY, 11219
$3,800,000
For Sale
$3,800,000
5,300 SF Brooklyn warehouse with office space for sale.
Property Size5,300 SF
Price / SF$716.98
Days on Market114
Property Features for 1229 60th St
General Information
- Standard status
- Active
- Size
- 5,300 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1931
Listing agency
Tiger Realty
(917) 708-9966
Listed by
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source
Elliman
Added: Mar 30 Updated: Jul 10 at 12:40PM Checked: Jul 21 at 5:42AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This warehouse is located in an M1-1 zoning district. The property features a total of 5,300 square feet of space, including a 4,000 square foot warehouse area and 1,300 square feet of office space on the second floor. The warehouse has ceiling heights ranging from 15 to 18 feet. The open layout of the warehouse provides flexibility for various operations. The second-floor office area is suitable for administrative work and meeting rooms. The location has a walk score of 96, a bike score of 56, and a transit score of 84.
Key Highlights
- Excellent Transit Score (84): Provides convenient access for employees and clients.
- Walker's Paradise (Walk Score 96): Enjoy a highly walkable location with easy access to amenities.
- M1‑1 Zoning: Suitable for industrial and community‑focused uses.
Local Financial Insights For Office B
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 | $248.0k | $46.80 |
| − Vacancy | −$54.6k | −$10.30 |
| EGI | $193.5k | $36.50 |
| − OpEx | −$48.4k | −$9.13 |
| NOI | $145.1k | $27.38 |
5,300 SF · lease $46.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.42M
NOI $145,103 @ 7.0% cap · market cap 3.82%
Second Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,173 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,510 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vita Frame Co
Professional Services
Similar For Sale Nearby
Similar Off Market Nearby
- Chrisjolan Storage Facility — 1554 63rd St 1st floor, Brooklyn, NY 11219
- Nearby Storage Units - Brooklyn, NY — 1274 51st st, brooklyn, ny 11219
- Self Storage — 770 59th st, brooklyn, ny 11220
- Self-Storage at U-Haul — 6615 New Utrecht Ave, Bensonhurst, NY 11219
- ​Preferred Self Storage Unit — 5202 13th ave, brooklyn, ny 11219
FAQs
What type of property is this?
Warehouse - 5,300 SF Brooklyn warehouse with office space for sale.
Where is this warehouse located?
The property is located at 1229 60th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Excellent Transit Score (84): Provides convenient access for employees and clients.; Walker's Paradise (Walk Score 96): Enjoy a highly walkable location with easy access to amenities.; M1‑1 Zoning: Suitable for industrial and community‑focused uses.
