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60 New York Ave, Brooklyn, NY 20001
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Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Total area
9,536 SF
Lot
0.08 ac (3,300 SF)
Zoning code
C8-2
APN
01201-0035
UPID
US63-1361970
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.25M
CAP Approach
CAP
$4.48M
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$4.13M
Owner & transaction history
since 2021
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
C8-2 · Brooklyn, NY
Top alternative use upside
Industrial (general)
$5.4M
+56.1%
Office building
$5.3M
+51.4%
Warehouse, storage
$4.8M
+37.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.13M
Value range
$3.72M – $4.54M
±10% around blend
Estimated value / SF
$433 / SF
Confidence
High
9 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
90
Income certainty
100
$3.72M
blend $4.13M
$4.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,536 SF
Lot area
0.08 ac
Year built
1931
Stories
4
APN
01201-0035
Zoning
C8-2
Assessed value
$904,950
Annual tax
$22,892
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.85M
@ 6.5% CAP return
$4.48M
@ 7% CAP return
$4.16M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$22,892
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.94M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.1 mi away · 9,806 SF
1.1 mi away · 10,513 SF
1.6 mi away · 7,174 SF
1.9 mi away · 6,875 SF
2.1 mi away · 7,349 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 86 sales
$364
+19%
Submarket 1780 sales
$283
+53%
County 1780 sales
$283
+53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $433/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+56%
vs current-use indication
Office Building
Warehouse, Storage
Commercial (general)
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
7.00%
Selected cap rate for this apartment buildings
Derived from the Brooklyn market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$293k *
Last sale · Jun 2021
$4.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.18M
Move the market yield to see immediate price impact.
Value / SF
$438
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.50%7.00%7.50%
$263k
$4.05M
$3.76M
$3.51M
$293k
$4.50M
$4.18M
$3.90M
$322k
$4.95M
$4.60M
$4.29M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$58k
0.6 mi · Mar 2026 · $5/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,892
Tax year 2024
Assessed value
$904,950
Assessed 2024
Previous assessed
$840,150
+7.7% YoY
Effective rate
2.53%
On assessed value
Assessed land
$65,250
Assessed improvement
$839,700
Land market value
$145,000
Improvement market value
$1,866,000
Total market value
$2,011,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
4
Units
8
Total area
9,536 SF
Lot
0.08 ac (3,300 SF)
Zoning code
C8-2
APN
01201-0035
UPID
US63-1361970
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-2 · Brooklyn, NYZoning C8-2 · permitted uses
C8-2 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
4
Buildings
1
Units
8
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C8-2
Jurisdiction
Brooklyn, NY
Recorded code
C8-2
Ownership Intelligence
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Owner of record and activity signals are derived from public records and modeled classifications.
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