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    1229 60Th St Brooklyn, NY 11219

    Sponsored
    For Sale
    $3,500,000

    5,300 SF Warehouse, Two-Story, M1-1 Zoning

    Property size:
    5,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Brooklyn investment property, located at 1229 60th Street, presents a unique opportunity for savvy investors. The 5,300 square foot building sits on a 4,007 square foot lot and boasts a versatile design ideal for multiple uses. The property is zoned M1-1, allowing for a variety of commercial and industrial applications. The warehouse space itself comprises approximately 4,000 square feet with impressive ceiling heights ranging from 11 to 15 feet, providing ample room for storage or manufacturing. An additional 1,300 square feet on the second floor offers potential for office space or additional storage. The building's layout also allows for conversion into three separate rental units, each with its own entrance. Unit 1, accessible at 1227 60th Street, provides access to both warehouse and office areas. The subject property, Unit 2, has its own dedicated warehouse entrance. Preliminary plans for a community facility are available upon request. This property is being sold "as is" and requires a cash purchase. The asking price is $3,500,000. This is a rare chance to acquire a well-located, adaptable industrial property in a thriving Brooklyn neighborhood. Don't miss this chance to capitalize on this prime investment opportunity.

    Property Features for 1229 60Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    5,300 SF

    Building Details

    Stories
    2
    Units
    1

    HighLights

    • Exceptional Brooklyn investment opportunity: 5,300 SF building on a 4,007 SF lot, asking $3,500,000.
    • M1‑1 zoning allows diverse commercial/industrial uses.
    • 4,000 SF warehouse with 11‑15' ceiling heights.
    • 1,300 SF second floor, suitable for office or storage.
    • Convertible to three separate rental units; cash purchase only.
    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 - 5,300 SF Warehouse, Two-Story, M1-1 Zoning
    Where is this distribution property located?
    The property is located at 1229 60Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Exceptional Brooklyn investment opportunity: 5,300 SF building on a 4,007 SF lot, asking $3,500,000.; M1-1 zoning allows diverse commercial/industrial uses.; 4,000 SF warehouse with 11-15' ceiling heights.
    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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