Brooklyn Two-Family Brick
For Sale
$1,860,000
873 60th St, Brooklyn, NY 11220
Two-family brick house in Brooklyn, near transportation and restaurants.
Property Size2,748 SF
Lot Size0.04 Acres
Days on Market231
Property Features for 873 60th St
General Information
Standard status
Active
Size
2,748 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,168
Building Details
Building Size
2,748 SF
Year Built
1899
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Mar 11
Changed: Oct 26
Last Checked: Oct 26 at 4:49PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This two-family brick house is located on 8th Avenue in Brooklyn. The building dimensions are 20x50 feet, situated on a 20x80 foot lot. The property features a finished basement and is conveniently located near transportation options and restaurants.
Key Highlights
- Great Location on 8th Ave
- Two‑family Brick House
- Finished Basement provides additional living space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,821
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,420
$1.6M
Cap Rate 7%
$1,168,871
$1.2M
Cap Rate 9%
$909,122
$909.1K
Market Conditions
NOI Build-Up for 2,748 SF
Gross rent
$122.0K $44.40/SF
− Vacancy
−$5.1K −$1.86/SF
EGI
$116.9K $42.54/SF
− OpEx
−$35.1K −$12.76/SF
NOI
$81.8K $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 Rate 5%
$1,636,420
Cap Rate 7%
$1,168,871
Cap Rate 9%
$909,122
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,821 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$1.05M
$916.0K – $1.22M
NOI $73,280 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,702 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,482
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
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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?
Duplex - Two-family brick house in Brooklyn, near transportation and restaurants.
Where is this duplex located?
The property is located at 873 60th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: Great Location on 8th Ave; Two‑family Brick House; Finished Basement provides additional living space.
