Detached Three-Family
New
For Sale
$3,422,360
1618 60th Street, Brooklyn, NY 11204
Residential, Brooklyn, NY
Property Size3,091 SF
Lot Size0.07 Acres
Price / SF$1,107
Days on Market1
Property Features for 1618 60th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 6, Bedroom 3
Interior features
Central Air - Split
Basement
Full, Unfinished
Subdivision
Boro-Park
Standard status
Active
Size
3,091 SF
Lot size
0.07 Acres
Additional Details
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Tax Annual Amount
10579
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Hardwood
Building materials
Block, Wood Frame
Buildings
1
Listing Agency:
Ben Bay Realty Co
Listed By:
Nicholas Venturini
(718) 680-6442
Added: Oct 26
Last Checked: Oct 26 at 10:06PM
MLS# 505619
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.
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Investment Insights
Based on property information with market context.
At 1618 60th Street, this detached three-family residence contains 3,091 square feet on a 30 x 100-foot lot, with a 24 x 40-foot building. Its apartments are arranged as two bedrooms on the first floor, three on the second, and two on the third. The first-floor unit has hardwood floors, granite countertops, and stairs to the third floor; the second has a private front entrance, an eat-in kitchen, and a rear staircase connecting the basement and third floor. The third-floor apartment receives natural light. A full unfinished basement, gas heat, split-system central air, and a private backyard are also part of the property. There are three separate electric meters and three separate gas meters. Built in 1920 and zoned R5, the home is near shopping, restaurants, schools, houses of worship, and public transportation.
Key Highlights
- Three apartments with a 2‑bedroom, 3‑bedroom, and 2‑bedroom layout
- 3,091 square feet on a 0.0689‑acre lot
- Lot measures 30 x 100; building measures 24 x 40
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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,687
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - R5 zoning, three separate gas and electric meters, and a private backyard serve this Brooklyn property.
Where is this triplex located?
The property is located at 1618 60th Street 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 with a 2‑bedroom, 3‑bedroom, and 2‑bedroom layout; 3,091 square feet on a 0.0689‑acre lot; Lot measures 30 x 100; building measures 24 x 40
