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    1229 60Th St Brooklyn, NY 11219

    Sponsored
    For Lease
    $33 SF/Yr ($14,999 /Mo)

    Spacious Brooklyn warehouse, ideal for various uses.

    Lot size:
    5,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,300-square-foot warehouse, located at 1229 60th Street in Brooklyn, New York (zip code 11219), presents a unique investment opportunity. Built in 1931, this two-story industrial property sits on a 4,007-square-foot lot in Kings County. The building is currently configured as a single-tenant space, offering flexibility for a variety of uses. The main warehouse area encompasses approximately 4,000 square feet, boasting impressive ceiling heights ranging from 15 to 18 feet. An additional 1,300 square feet is available on the second floor, perfectly suited for office space or other supplementary uses. The property's M1-1 zoning allows for diverse applications, including potential conversion into three separate rental units. Three distinct entrances facilitate this possibility, with Unit 1 at 1227 60th Street providing access to both office and warehouse areas. The subject property's entrance is a separate warehouse access point. This prime Brooklyn location offers excellent potential for both business and investment. The property's size, versatile layout, and zoning make it an attractive option for a wide range of commercial enterprises.

    Property Features for 1229 60Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,300 SF
    Total Rate
    14999

    Building Details

    Year Built
    1931
    Stories
    2

    Unit(s) available at that property

    Space
    1229 60th Street
    Size
    5,300 SF
    Rate per SF
    $33
    Property Profile Location Intelligence

    Current Use by Public Records

    Vita Frame Co Medical Supply Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9996463
    Latitude
    40.6299014

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    FAQs

    What type of property is this?
    Distribution property - Spacious Brooklyn warehouse, ideal for various uses.
    Where is this distribution property located?
    The property is located at 1229 60Th St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    Request Owner's contact information
    1229 60Th St Brooklyn, NY 11219
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    Brooklyn, NY 11219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1229 60Th St Brooklyn, NY 11219
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