Brooklyn Commercial Condo with
For Sale
$3,990,000
880 60th St 1A, Brooklyn, NY 11220
Two-level commercial condo in Sunset Park with long-term tenant.
Property Size4,785 SF
Lot Size0.09 Acres
Price / SF$833.86
Days on Market154
Property Features for 880 60th St 1A
General Information
Standard status
Active
Size
4,785 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$54,498
Building Details
Building Size
4,785 SF
Year Built
2000
Stories
2
Listing Agency:
(646) 889-9988
Listed By:
Li Li
(646) 889-9988
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:11AM
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 Li Li
Investment Insights
Based on property information with market context.
Located in Brooklyn's 8th Avenue corridor, this two-level commercial condominium offers an opportunity to acquire an asset with a long-term tenant. Currently leased to a daycare center, the property generates a 6.5% cap rate. The unit spans approximately 4,785 square feet across two floors. The ground level features three classrooms, an administrative office, and two restrooms. The second level offers two additional classrooms, two restrooms, a full kitchen, a storage room, and a spacious outdoor playground located on the second-floor terrace. Each classroom is equipped with split-unit air conditioning, and ceiling heights throughout are approximately 8 to 8.5 feet. A separately deeded parking space is also available for purchase. The property is being sold with a long-term lease in place, providing income from a tenant. Situated in one of Brooklyn’s commercial districts, the property benefits from local demand and accessibility. The N train is a short distance away, and multiple bus lines serve the area. This is an opportunity for investors seeking cash flow in a location.
Key Highlights
- High 6.5% Cap Rate, significantly exceeding the area average.
- Long‑term lease in place with a stable, established daycare tenant, providing steady income.
- Prime location in the heart of Brooklyn's thriving 8th Avenue commercial corridor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,788
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Little Sprouts Bay Ridge Day Care LLC. — 650 77th St, Brooklyn, NY 11209
- The Tot Spot Family Daycare — 1135 Ovington Ave, Brooklyn, NY 11219
- District 20 Pre-K Center @ 7415 Fort Hamilton Parkway — 7415 Fort Hamilton Pkwy, Brooklyn, NY 11228
- HeartShare St. Vincent's Services @ McKinley I.S. 259 Beacon Program — 7301 Fort Hamilton Pkwy, Brooklyn, NY 11228
- Tender Loving Care Family Day — 1151 Ovington Ave, Brooklyn, NY 11219
Frequently Asked Questions
What type of property is this?
Day care center - Two-level commercial condo in Sunset Park with long-term tenant.
Where is this day care center located?
The property is located at 880 60th St 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: High 6.5% Cap Rate, significantly exceeding the area average.; Long‑term lease in place with a stable, established daycare tenant, providing steady income.; Prime location in the heart of Brooklyn's thriving 8th Avenue commercial corridor.
