1229 60Th St Brooklyn, NY 11219
- Manufacturing properties
- 5,300 SF
- 0.09 lot acres
Current Use by Public Records
- Vita Frame Co / Medical Supply Store / Professional Services
Property Details for 1229 60Th St
- Year built
- 1931
- Lot size
- 0.09 lot acres
- Property size
- 5,300 SF
- Zone code
- M1-1
- Property type
- Manufacturing properties
- APN
- 05711-0064
- APU
- 57110064
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,305,000
- 6.5%
- $2,175,000
- 7%
- $2,040,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,240,000
- Geo Method
- $2,435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,560,000
- Retail
- $2,375,000
- Mixed-Use
- $2,745,000
- Hospitality
- $2,480,000
- Educational
- $2,090,000
- Residential Income
- $2,195,000
- Energy
- $2,330,000
- Income-Based Land
- $2,420,000
- Food Service
- $2,275,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9997
- Latitude
- 40.6299
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
