Finished Multifamily
For Sale
$2,600,000
2062 60th Street, Brooklyn, NY 11204
The 1930-built property has finished interior space for multifamily use.
Property Size3,660 SF
Days on Market19
Property Features for 2062 60th Street
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,784
Amenities
Other
Finished
Building Details
Building Size
3,660 SF
Year Built
1930
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Source:
Evrealestate
Added: Sep 24
Changed: Sep 29
Last Checked: Oct 11 at 6:22AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This multifamily property was built in 1930 and includes finished interior space. It is located at 2062 60th Street in Brooklyn, New York 11204.
Key Highlights
- Built in 1930
- Finished interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,736
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,720
$2.2M
Cap Rate 7%
$1,596,229
$1.6M
Cap Rate 9%
$1,241,511
$1.2M
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$207.3K $56.64/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$203.2K $55.51/SF
− OpEx
−$91.4K −$24.98/SF
NOI
$111.7K $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%
$2,234,720
Cap Rate 7%
$1,596,229
Cap Rate 9%
$1,241,511
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,736 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.54M
NOI $212,134 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,916
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1930-built property has finished interior space for multifamily use.
Where is this multifamily property located?
The property is located at 2062 60th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Built in 1930; Finished interior space
