Office Condominium with Private
For Sale
$1,190,000
943 60th Street #1A 1A, Brooklyn, NY 11219
Elevator-building office condominium configured for community facility use with private outdoor space.
Property Size1,471 SF
Price / SF$808.97
Days on Market117
Property Features for 943 60th Street #1A 1A
General Information
Standard status
Active
Size
1,471 SF
Property subtype
Commercial
Listing Agency:
DiTommaso Real Estate
Listed By:
Miao Ling Huang
(718) 667-8000
Source:
Prideestates
Added: Jul 9
Changed: Oct 27
Last Checked: Nov 1 at 5:02AM
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 DiTommaso Real Estate
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Investment Insights
Based on property information with market context.
This office condominium occupies approximately 1,471 square feet within an elevator building and includes an 830-square-foot private terrace. The unit is currently arranged as a community facility space, providing an existing commercial configuration for office or other approved institutional uses.
Located at 943 60th Street #1A in Brooklyn, the property is non-owner occupied and offers flexibility for an end user or investor. A 25-year tax abatement has approximately 18 years remaining, supporting continued operating-cost planning. Any change in use remains subject to approval.
Located at 943 60th Street #1A in Brooklyn, the property is non-owner occupied and offers flexibility for an end user or investor. A 25-year tax abatement has approximately 18 years remaining, supporting continued operating-cost planning. Any change in use remains subject to approval.
Key Highlights
- Approximately 1,471 Sq Ft of interior space
- 830 Sq Ft private terrace
- 25‑year tax abatement with approximately 18 years remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,273
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,460
$805.5K
Cap Rate 7%
$575,329
$575.3K
Cap Rate 9%
$447,478
$447.5K
Market Conditions
NOI Build-Up for 1,471 SF
Gross rent
$68.8K $46.80/SF
− Vacancy
−$15.1K −$10.30/SF
EGI
$53.7K $36.50/SF
− OpEx
−$13.4K −$9.13/SF
NOI
$40.3K $27.38/SF
Area
ZIP 11219
Vacancy
22.00%
Lease Rate
$46.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,460
Cap Rate 7%
$575,329
Cap Rate 9%
$447,478
Alternative Uses
Best Use
Office B
$575.3K
$503.4K – $671.2K
NOI $40,273 @ 7.0% cap · market cap 3.38%
Second Best
Healthcare Medical
$443.0K
$387.6K – $516.9K
NOI $31,011 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$953.6K
$834.4K – $1.11M
NOI $66,753 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7,482
Businesses Nearby
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Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Elevator-building office condominium configured for community facility use with private outdoor space.
Where is this office unit located?
The property is located at 943 60th Street #1A 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Approximately 1,471 Sq Ft of interior space; 830 Sq Ft private terrace; 25‑year tax abatement with approximately 18 years remaining
