Brick Triplex with Finished
For Sale
$1,650,000
258 60th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size3,885 SF
Lot Size0.05 Acres
Price / SF$424.71
Days on Market492
Property Features for 258 60th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 4
Interior features
A/C Unit - Window, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
3,885 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8235
Amenities
hardwood floors
baseboard heating
updated electrical systems
windows in every room
fully finished basement with separate entrance
Building Details
Year built
1909
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Apr 22, 2025
Changed: Aug 4
Last Checked: Aug 26 at 8:06AM
MLS# 491064
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.
Brick triplex at 258 60th Street in Brooklyn, NY 11220, built in 1909 and zoned R6B. The property is configured as a 3-family building with 3 bedrooms per apartment, plus formal living and dining areas and an eat-in kitchen. In total, the building provides 9 bedrooms and 4 full bathrooms.
The building includes a fully finished basement with a separate entrance. Interior details include hardwood and tile flooring, windows in every room, baseboard heating, and updated electrical systems. Windows are called out throughout, and in-unit appliances listed include a refrigerator and stove, with a window A/C unit.
Additional physical details include a flat roof and a building size of 20x78 feet, with approximately 3,885 square feet of living space. The property sits on a 20x112 feet lot and has 4 gas and electric meters.
The building includes a fully finished basement with a separate entrance. Interior details include hardwood and tile flooring, windows in every room, baseboard heating, and updated electrical systems. Windows are called out throughout, and in-unit appliances listed include a refrigerator and stove, with a window A/C unit.
Additional physical details include a flat roof and a building size of 20x78 feet, with approximately 3,885 square feet of living space. The property sits on a 20x112 feet lot and has 4 gas and electric meters.
Key Highlights
- Zoned R6B triplex in Brooklyn’s Sunset Park neighborhood
- Fully finished basement with a separate entrance
- 3‑family layout with 9 bedrooms and 4 full bathrooms
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
$115,674
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
7.01%
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%
$2,313,480
$2.3M
Cap Rate 7%
$1,652,486
$1.7M
Cap Rate 9%
$1,285,267
$1.3M
Market Conditions
NOI Build-Up for 3,885 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
$172.5K $44.40/SF
− Vacancy
−$7.2K −$1.86/SF
EGI
$165.2K $42.54/SF
− OpEx
−$49.6K −$12.76/SF
NOI
$115.7K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$2,313,480
Cap Rate 7%
$1,652,486
Cap Rate 9%
$1,285,267
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,674 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,600 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,298 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex building with a fully finished basement and separate entrance, zoned R6B in Sunset Park.
Where is this triplex located?
The property is located at 258 60th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Zoned R6B triplex in Brooklyn’s Sunset Park neighborhood; Fully finished basement with a separate entrance; 3‑family layout with 9 bedrooms and 4 full bathrooms
