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880 60th St 4,785 SF Office/Medical Condo Unit Offered at $4,280,000 in Brooklyn, NY 11220
Investment Highlights
- Strong 6.5% cap rate — more than double the average for nearby 8th Avenue properties
- Current stable long-term tenant
1 Unit Available
Unit 1A
| Unit Size | 4,785 SF | Sale Type | Investment |
| Price | $4,280,000 | Cap Rate | 6.01% |
| Price Per SF | $894.46 | NOI | $257,338.60 |
| Condo Use | Office/Medical | No. Parking Spaces | 1 |
| Unit Size | 4,785 SF |
| Price | $4,280,000 |
| Price Per SF | $894.46 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| NOI | $257,338.60 |
| No. Parking Spaces | 1 |
Description
Prime Sunset Park Commercial Condo with Stable Tenant & 6.5% Cap Rate — Optional Parking Available
Located in the heart of Brooklyn’s thriving 8th Avenue corridor, this two-level commercial condominium offers investors a rare opportunity to acquire a high-yield, low-maintenance asset with a long-term tenant in place. Currently leased to a well-established daycare center, the property generates a strong 6.5% cap rate—more than double the average return of nearby properties in the area.
The unit (1A) spans approximately 4,785 square feet across two floors. The ground level features three classrooms, an administrative office, and two restrooms. The second level offers two additional classrooms, two restrooms, a full kitchen, a storage room, and a spacious outdoor playground located on the second-floor terrace. Each classroom is equipped with split-unit air conditioning, and ceiling heights throughout are approximately 8 to 8.5 feet. A separately deeded parking space is also available for purchase. Monthly common charges and floor plans are available upon request.
The property is being sold with a long-term lease in place, providing steady income from a stable, established tenant.
Situated in one of Brooklyn’s most active commercial districts, the property benefits from strong local demand and excellent accessibility. The N train is just short distance away, and multiple bus lines serve the area. With strong neighborhood demand, excellent visibility, and a long-term tenant in place, this is an ideal opportunity for investors seeking steady cash flow in a prime location.
Sale Notes
Prime Sunset Park Commercial Condo with Stable Tenant & 6.5% Cap Rate — Optional Parking Available
Property Facts
| Total Building Size | 15,696 SF | Typical Floor Size | 2,251 SF |
| Property Type | Multifamily (Condo) | Year Built | 2000 |
| Property Subtype | Apartment | Lot Size | 0.09 AC |
| Building Class | C | Opportunity Zone |
Yes
|
| Floors | 6 | ||
| Zoning | R6 | ||
| Total Building Size | 15,696 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 2,251 SF |
| Year Built | 2000 |
| Lot Size | 0.09 AC |
| Opportunity Zone |
Yes |
| Zoning | R6 |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Public Transportation
Presented by
880 60th St
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