Six-Family Apartment
For Sale
$1,399,000
438 60th Street, Brooklyn, NY 11220
Residential, Brooklyn, NY
Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$388.61
Days on Market603
Property Features for 438 60th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Sunset Park
Standard status
Active
Size
3,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
13257
Building Details
Floors in Building
3
Number of units
6
Flooring type
Ceramic, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Pullini Realty Corp.
Listed By:
Lisa Pullini · License #10311200451
(718) 621-1446
Added: Feb 10, 2025
Changed: Sep 15
Last Checked: Oct 6 at 2:06PM
MLS# 489146
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 legal six-family apartment building contains six two-bedroom residences, each configured with one bathroom. The 3,600-square-foot property is constructed of brick and has a flat roof. Interior finishes include tile, hardwood, and ceramic flooring, with refrigerators and stoves provided in the units. The building is zoned R6B and occupies a 0.0459-acre parcel.
The property is located at 438 60th Street in Brooklyn’s Sunset Park area. Public transportation access includes the R, D, and N trains at the 59th Street stop, along with B9 bus service near 60th Street and Fourth Avenue. Nearby destinations identified for the property include Brooklyn Army Terminal and NYU Langone Hospital, with shopping, restaurants, and schools also in the surrounding area.
The property is located at 438 60th Street in Brooklyn’s Sunset Park area. Public transportation access includes the R, D, and N trains at the 59th Street stop, along with B9 bus service near 60th Street and Fourth Avenue. Nearby destinations identified for the property include Brooklyn Army Terminal and NYU Langone Hospital, with shopping, restaurants, and schools also in the surrounding area.
Key Highlights
- Legal six‑family building with six two‑bedroom, one‑bathroom units
- 3,600 square feet on a 0.0459‑acre parcel
- R6B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,000
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,000
$1.9M
Cap Rate 7%
$1,371,429
$1.4M
Cap Rate 9%
$1,066,667
$1.1M
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$181.4K $50.40/SF
− Vacancy
−$6.9K −$1.92/SF
EGI
$174.5K $48.48/SF
− OpEx
−$78.5K −$21.82/SF
NOI
$96.0K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,000
Cap Rate 7%
$1,371,429
Cap Rate 9%
$1,066,667
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,000 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,365 @ 7.0% cap · market cap 11.68%
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
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
6,453
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
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?
Apartment building - Legal multifamily property with two-bedroom residences featuring refrigerators and stoves.
Where is this apartment building located?
The property is located at 438 60th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Legal six‑family building with six two‑bedroom, one‑bathroom units; 3,600 square feet on a 0.0459‑acre parcel; R6B zoning
