Detached Three-Family
New
For Sale
$3,422,360
1618 60th St, Brooklyn, NY 11204
Three apartments offer a two-bedroom, three-bedroom, and two-bedroom layout, with separate gas and electric meters.
Property Size3,091 SF
Lot Size0.07 Acres
Days on Market2
Property Features for 1618 60th St
General Information
Standard status
Active
Size
3,091 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Zoning
R5
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
3
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$10,579
Amenities
private backyard
Building Details
Building Size
3,091 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Ben Bay Realty Co
Listed By:
Nicholas Venturini · License #NV3472
(718) 680-6442
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 4:07PM
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 Ben Bay Realty Co
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Investment Insights
Based on property information with market context.
Built in 1920, this detached three-family home contains three apartments: a two-bedroom unit on the first floor, a three-bedroom unit on the second, and a two-bedroom unit on the third. The property includes a full unfinished basement, gas heating, three electric meters, three gas meters, and a private backyard. The lot measures 30 by 100 feet, and the building measures 24 by 40 feet. The property is zoned R5 and has approximately 1,450 square feet of air rights, subject to approvals.
At 1618 60th St in Brooklyn, the property is near shopping, restaurants, schools, houses of worship, and public transportation. WalkScore is 91, TransitScore is 89, and bikeScore is 74.
At 1618 60th St in Brooklyn, the property is near shopping, restaurants, schools, houses of worship, and public transportation. WalkScore is 91, TransitScore is 89, and bikeScore is 74.
Key Highlights
- Three apartments: two‑bedroom, three‑bedroom, and two‑bedroom layouts
- Detached building measuring 24 by 40 feet on a 30 by 100‑foot lot
- R5 zoning and approximately 1,450 square feet of air rights, subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,252
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,040
$2.2M
Cap Rate 7%
$1,546,457
$1.5M
Cap Rate 9%
$1,202,800
$1.2M
Market Conditions
NOI Build-Up for 3,091 SF
Gross rent
$157.6K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$154.6K $50.03/SF
− OpEx
−$46.4K −$15.01/SF
NOI
$108.3K $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 Rate 5%
$2,165,040
Cap Rate 7%
$1,546,457
Cap Rate 9%
$1,202,800
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.35M – $1.80M
NOI $108,252 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,365 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.99M
NOI $179,154 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a two-bedroom, three-bedroom, and two-bedroom layout, with separate gas and electric meters.
Where is this triplex located?
The property is located at 1618 60th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,422,360.
What are key features of this property?
This property features: Three apartments: two‑bedroom, three‑bedroom, and two‑bedroom layouts; Detached building measuring 24 by 40 feet on a 30 by 100‑foot lot; R5 zoning and approximately 1,450 square feet of air rights, subject to approvals
