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For SaleLuxury

$3,990,000

456 days on market

880 60th Street Unit: 1A

Brooklyn, NY 11220

View records
· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

2000

Built

Listing narrative

Description

Prime Sunset Park Commercial Condo with Stable Tenant & 6.91% 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 6.91% 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.

Listing agent (MLS): Li Li · Listing brokerage (MLS): B Square Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$3,990,000

Beds

Beds n/a

Type

House

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

3,999 sqft

Year

2000

Status

For Sale

Days on Market

456

· 8% down, 7% APR, 30yr fixed

Verified property data

Value, tax & last recorded sale

Public records available on the full property page

Estimated home value

Not available

Automated valuation estimate, not an appraisal. Value and range come from the connected property-data provider.

Public records are available on the full property page.

No record values are inferred or fabricated.

Full MLS property history

Confirmed unavailable from Atlas — listing-feed integration required for listing, relisting, price-change, status, pending, sold, withdrawn and expired events.

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Courtesy of B Square Realty