Brick Duplex with Detached
For Sale
$2,600,000
2062 60th Street, Brooklyn, NY 11204
Residential, Brooklyn, NY
Property Size3,660 SF
Lot Size0.06 Acres
Price / SF$710.38
Days on Market9
Property Features for 2062 60th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Boro-Park
Standard status
Active
Size
3,660 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10784
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: Sep 23
Changed: Sep 24
Last Checked: Oct 1 at 2:06PM
MLS# 504814
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.
Investment Insights
Based on property information with market context.
This brick duplex contains 3,660 square feet, with three bedrooms on the first floor and four on the second. The upper level also has a large living room and hardwood flooring. A finished basement has entry points at both the front and rear. The property includes a detached garage and a driveway with space for multiple cars. Heating and hot-water equipment have been updated, and roof improvements have been made; the roof is rubber.
The property is in Borough Park, near Breadberry supermarket, shopping, restaurants, a library, educational options, local institutions, and commercial corridors. It is zoned R5 and includes a 0.0585-acre lot.
The property is in Borough Park, near Breadberry supermarket, shopping, restaurants, a library, educational options, local institutions, and commercial corridors. It is zoned R5 and includes a 0.0585-acre lot.
Key Highlights
- 3,660‑square‑foot brick duplex with three bedrooms on the first floor and four on the second
- Finished basement has separate front and rear access
- Detached garage and driveway parking for multiple cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$128,179
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,563,580
$2.6M
Cap Rate 7%
$1,831,129
$1.8M
Cap Rate 9%
$1,424,211
$1.4M
Market Conditions
NOI Build-Up for 3,660 SF
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.
Gross rent
$186.7K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$183.1K $50.03/SF
− OpEx
−$54.9K −$15.01/SF
NOI
$128.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,563,580
Cap Rate 7%
$1,831,129
Cap Rate 9%
$1,424,211
Alternative Uses
Best Use
Multifamily LT 5
$1.83M
$1.60M – $2.14M
NOI $128,179 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,736 @ 7.0% cap · market cap 4.30%
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
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential levels and a finished basement provide separate living areas, with additional access from the front and rear.
Where is this duplex 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: 3,660‑square‑foot brick duplex with three bedrooms on the first floor and four on the second; Finished basement has separate front and rear access; Detached garage and driveway parking for multiple cars
