8-Unit Brick Apartment
New
For Sale
$2,700,000
60 6th Ave, Brooklyn, NY 11217
Business Opportunity, Brooklyn, NY
Property Size5,640 SF
Lot Size0.04 Acres
Price / SF$478.72
Days on Market2
Property Features for 60 6th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 8, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 6
High school district
000000
Standard status
Active
APN
12-000.000-1135-030.000
Lot size
0.04 Acres
Building Details
Year built
1931
Architectural style
Other
Listing Agency:
LOCKBOX REALTY
(718) 576-3041
Listed By:
Alyssa Martin
(718) 753-3370
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 8:06PM
MLS# 12008409
Copyright © 2026 My State MLS. 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 four-story brick walk-up contains eight residential apartments and dates to 1931. All eight units are occupied. The roof was replaced approximately four years ago, providing a documented building update.
Bergen Street station serves the 2 and 3 trains. Atlantic Terminal offers connections to additional subway lines and the LIRR. Barclays Center is within walking distance, with restaurants, shops, and nightlife in Prospect Heights and Park Slope also nearby.
Bergen Street station serves the 2 and 3 trains. Atlantic Terminal offers connections to additional subway lines and the LIRR. Barclays Center is within walking distance, with restaurants, shops, and nightlife in Prospect Heights and Park Slope also nearby.
Key Highlights
- Eight residential apartments, all currently occupied
- Four‑story brick walk‑up constructed in 1931
- Roof replacement completed about four years ago
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
$172,183
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
6.38%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Every residence is occupied, and Bergen Street subway service is nearby.
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 apartments, all currently occupied; Four‑story brick walk‑up constructed in 1931; Roof replacement completed about four years ago
