880 60th St #1A
880 60th St #1a, Brooklyn, NY 11220
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.
Building Details
- For Sale $4,580,000
- Property Type Mixed Use
- Property Size 4,785 SF
- Lot Size 0.09 Acre
- Cap Rate % 6.45
- Rental Income / YR $335,352.72
- NOI / YR $275,854.96
- Taxes / YR $54,498.12
- Additional Rent Price on request
- Parking Spaces Avail. 1
- Parking Ratio 0.21 / 1,000 SF
- Year Built 2000
- Date Updated Jul 18, 2025
Reach out to the broker for more info on lease terms and amenities
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Contacts
B Square Realty
Location
- City Brooklyn, NY
- Neighborhood Sunset Park
- Zip Code 11220
- Market Brooklyn
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Walk score 95/100 Walker's Paradise
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Transit score 95/100 Rider's Paradise
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Bike score 57/100 Bikeable
Points of Interest
55th Street
0.67 miles
Mixteca USA
0.72 miles
Prince Car Service
0.72 miles
Bay Ridge Avenue
0.83 miles
Bell Car Service
0.85 miles
Bay Ridge Express Car Service
0.85 miles
Mexiana Express II
0.90 miles
SSA 77 Car & Limo
0.90 miles
Explorer Car Service
0.95 miles
Mega Sunset Car Service
0.98 miles
BP
0.28 miles
SEVENTH AVENUE
0.34 miles
Sunoco
0.75 miles
Amoco
0.80 miles
7-Eleven
0.87 miles
Emporium 1
1.02 miles
FLO
1.05 miles
Shell
1.25 miles
EVgo
2.22 miles
plugNYC
2.71 miles
Hospital Parking
1.11 miles
Eastern Fruits and Vegetables
2.23 miles
US Postal Service
2.28 miles
Ultra Car Park Systems
2.52 miles
Fine Fare
2.55 miles
Car Park Systems
2.57 miles
IKEA
2.65 miles
School Bus Depot
2.70 miles
Garfield Garage
3.12 miles
Brooklyn Cruise Terminal Parking
3.25 miles
Enterprise
0.39 miles
Sunset Car Wash
1.21 miles
White Swan Auto Spa
1.34 miles
BK Wash & Repair Center
1.62 miles
Brooklyn's Famous Car Wash
1.66 miles
Guadalupana Car & Limo Services
1.66 miles
Bay Ridge Auto Wholesale INC.
1.81 miles
Super Clean Car Wash
2.04 miles
Platinum Car Wash
2.04 miles
Giant Car Wash
2.05 miles
Shokunin BBQ
0.10 miles
Tengu Sushi & Noodle
0.13 miles
Nuan Xin Rice Roll
0.14 miles
Best 1 Kitchen
0.14 miles
Earnest Tea Cafe
0.15 miles
Cantonese Rice Noodle Truck
0.15 miles
Great 8
0.16 miles
Xiang Hotpot-Brooklyn
0.16 miles
MM Tea Cafe
0.16 miles
Pho 60
0.17 miles
New York Mart (formerly Hong Kong Supermarket)
0.12 miles
Fei Long Supermarket/Minimall
0.19 miles
Sunrise Supermarket Inc.
0.33 miles
HL Supermarket
0.36 miles
Lucky Star Market Inc.
0.37 miles
Forum Supermarket
0.37 miles
E & S Grocery Store
0.37 miles
Xin Hao NY Supermarket
0.41 miles
Pioneer Supermarket
0.63 miles
Biedronka
0.69 miles
Global Care Pharmacy
0.14 miles
A.M Pharmacy
0.22 miles
Rite Aid
0.25 miles
Mannings 8th Ave Pharmacy
0.25 miles
ABC Pharmacy Inc.
0.33 miles
7th Avenue Pharmacy Inc
0.42 miles
Alleon Pharmacy
0.43 miles
Macro ℞ Pharmacy
0.50 miles
Family Medical Care
0.57 miles
Kelly's Pharmacy
0.58 miles
Listing Summary
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Property Financials 880 60th St #1a is currently listed for sale at $4,580,000 for a price per square foot of $957.16. Yearly taxes for this property stand at $54498.12.
The yearly rental income is $335352.72. The property has an associated capitalization rate of 6.45%. The last reported annual net operating income (NOI) was $275854.96.
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Property Details 880 60th St #1a totals 4,785 square feet of Mixed Use space on a lot spanning 0.09 acres. The property was initially built in 2000.
There are a total of 1 parking space available onsite, with a parking ratio of 0.21 / 1,000 SF.
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Area Characteristics 880 60th St #1a is located in the Sunset Park neighborhood.
In terms of ease of commuting, the area has a walk score of 95, indicating that it is perfect for walking.
B Square Realty