8-Unit Brick Apartment
For Sale
$2,700,000
60 6th Ave, Brooklyn, NY 11217
Four-story walk-up with every residential unit occupied and a recently replaced roof.
Property Size5,640 SF
Lot Size0.04 Acres
Price / SF$478.72
Days on Market29
Property Features for 60 6th Ave
General Information
Standard status
Active
Size
5,640 SF
Lot size
0.04 Acres
Property subtype
Multi-Unit (5+)
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
8
Tenant in Place
Yes
Building Details
Year Built
1931
Stories
4
Construction
brick walk-up
Listing Agency:
Gosen properties
(718) 704-0494
Listed By:
Emmanuel Victor
(718) 598-7374
Source:
Gosenproperties
Added: Oct 1
Changed: Oct 28
Last Checked: Oct 28 at 4:24PM
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 Gosen properties
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Investment Insights
Based on property information with market context.
This four-story brick apartment building contains eight occupied residential units across approximately 5,640 square feet on a 1,610-square-foot lot. Constructed in 1931, the walk-up had its roof replaced about four years ago.
The Bergen Street station serves the 2 and 3 trains nearby. Atlantic Terminal offers connections to multiple subway lines and the LIRR, while Barclays Center is also within walking distance. Restaurants, shops, and nightlife in Prospect Heights and Park Slope are close by.
The Bergen Street station serves the 2 and 3 trains nearby. Atlantic Terminal offers connections to multiple subway lines and the LIRR, while Barclays Center is also within walking distance. Restaurants, shops, and nightlife in Prospect Heights and Park Slope are close by.
Key Highlights
- Eight residential units, all occupied
- Approximately 5,640 square feet on a 1,610‑square‑foot lot
- Four‑story brick walk‑up built in 1931
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,183
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,443,660
$3.4M
Cap Rate 7%
$2,459,757
$2.5M
Cap Rate 9%
$1,913,144
$1.9M
Market Conditions
NOI Build-Up for 5,640 SF
Gross rent
$319.4K $56.64/SF
− Vacancy
−$6.4K −$1.13/SF
EGI
$313.1K $55.51/SF
− OpEx
−$140.9K −$24.98/SF
NOI
$172.2K $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%
$3,443,660
Cap Rate 7%
$2,459,757
Cap Rate 9%
$1,913,144
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,183 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.67M
$4.09M – $5.45M
NOI $326,894 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story walk-up with every residential unit occupied and a recently replaced roof.
Where is this apartment building located?
The property is located at 60 6th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Eight residential units, all occupied; Approximately 5,640 square feet on a 1,610‑square‑foot lot; Four‑story brick walk‑up built in 1931
