Overview
The 901 60th Street building is a recently converted condominium combining modern designs and practical amenities. This property offers a mix of unit types, appealing to various buyers.
With a six-floor structure and eight total units, the building provides essential conveniences such as parking, laundry facilities, an elevator, and a pet-friendly policy. The asking price ranges between $485,000 and $1.47 million, making it an attractive option in the competitive Brooklyn real estate market.
Key Features
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Location: Borough Park, Brooklyn—close to parks, shopping, and public transportation.
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Amenities: Elevator, laundry, parking, and pet-friendly policies.
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Commercial Space: 27% of the building (2,460 sq ft out of 9,064 sq ft).
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Price Range: $485,000 to $1.47 million.
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Ownership: Managed by Rollin 3 LLC with renovations by A&T Engineering.
The property’s strategic location ensures convenient access to essential services and entertainment. Its comprehensive features make it highly desirable for families, professionals, and investors.
Analysis
The performance of 901 60th Street in the real estate market reflects its quality and value. The property’s legal and sales history provides insight into its success and future potential.
Sales Performance
Since sales began in May 2023, 50% of the units have been sold, with an average monthly sales velocity of 0.2 units. The absorption rate of 19.1 months suggests a steady demand. Current projections estimate a total sellout within four years, indicating a balanced market interest in the property. These figures showcase the property’s appeal to discerning buyers who value quality and location.
Market Competitiveness
The pricing strategy reflects the building’s market position. With asking prices starting at $485,000, 901 60th Street competes well with similar properties in Borough Park. Including modern amenities and a strategic location enhances its attractiveness compared to other options. Its position also makes it a valuable choice for affordable and upscale living.
Stacking Plans
The stacking plans of 901 60th Street clearly understand its unit distribution and layout. The building includes a mix of unit types designed to meet varied buyer preferences.
Unit Distribution
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Studios: 2 units (0% sold).
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1-Bedroom Units: 4 units (50% sold).
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2-Bedroom Units: 3 units (67% sold).
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3-Bedroom Units: 1 unit (0% sold).
The popularity of 2-bedroom units reflects a demand among small families or professionals seeking additional space. Meanwhile, the slower sales of studio and 3-bedroom units suggest these layouts may cater to niche audiences. These distribution trends highlight the need for versatile housing options within the neighborhood.
Units
Each unit at 901 60th Street offers a thoughtful balance of design and functionality. The interiors are tailored for modern urban living, incorporating high-quality materials and efficient layouts.
Features
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Kitchens: Gourmet designs with stainless steel appliances and quartz countertops.
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Bathrooms: Contemporary fixtures and spa-like finishes.
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Living Areas: Open-concept designs with natural light from large windows.
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Private Spaces: Select units feature terraces or balconies with city views.
The kitchens stand out with their functional layouts and durable finishes, catering to both daily cooking and entertaining. Bathrooms provide a touch of luxury with their sophisticated designs, ensuring residents feel comfortable and relaxed in their homes.
Pricing
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1-Bedroom Units: Starting at $485,000.
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2-Bedroom Units: Sold for $662,000 to $764,000.
These units cater to many buyers, from individuals and couples to small families looking for spacious and modern homes. With competitive pricing and desirable features, the property offers excellent value.
Listings
Recent listings at 901 60th Street showcase both rental and sales opportunities. The diversity of these options provides flexibility for potential residents.
Recent Listings
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Unit 2A: 1 Bed, 1 Bath, listed for $485,000.
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Unit 4B: 2 Bed, 1 Bath, listed for rent at $3,000/month.
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Unit 5A: 1 Bed, 1 Bath, listed for rent at $3,000/month.
These listings highlight the building’s affordability and appeal to buyers and renters seeking value in Borough Park. Rentals, in particular, offer an entry point for those not ready to commit to a purchase.
Sales
The sales history of 901 60th Street reflects its strong market performance. The recent closings indicate a steady demand for its units.
Recent Sales
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Unit 2A: Sold for $445,000 (1 Bed, 1 Bath).
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Unit 2B: Sold for $764,000 (2 Bed, 1 Bath).
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Unit 3B: Sold for $662,000 (2 Bed, 1 Bath).
These transactions illustrate a consistent pricing trend and demand for 1- and 2-bedroom units. Buyers have responded well to the building’s location, features, and overall value. This performance signals confidence in the property’s investment potential.
Filings
The legal filings and approvals for 901 60th Street provide transparency and assurance for prospective buyers. Each step in the process reflects the building’s readiness for market entry.
Key Filings
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Offering Submitted: March 11, 2022.
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Offering Accepted: April 11, 2023.
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Offering Effective: September 6, 2023.
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Condo Declaration: September 29, 2023.
These milestones ensure that the building meets regulatory standards, providing confidence to buyers and investors. A smooth legal process further enhances the building’s reputation.
Environment
Borough Park, Brooklyn, is a vibrant and family-friendly neighborhood that complements the features of 901 60th Street. The area’s amenities and connectivity enhance its appeal to residents.
Neighborhood Features
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Parks: Proximity to Sunset Park and Prospect Park.
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Public Transportation: Access the 8 Avenue and Fort Hamilton Parkway subway stations.
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Local Amenities: Diverse shopping, dining, and cultural options.
The neighborhood’s diverse community and resources make it a desirable location for residents of varying lifestyles. The building’s proximity to key locations ensures convenience and accessibility for daily activities and leisure.
Layout
The layouts of the units at 901 60th Street are designed to maximize space and functionality. Each unit offers features that enhance comfort and practicality.
Layout Details
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Open-Concept Design: Seamlessly combines living, dining, and kitchen spaces.
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Modern Kitchens: Equipped with high-quality appliances and ample storage.
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Outdoor Spaces: Terraces and balconies are available in select units.
These layouts cater to urban dwellers' needs, seeking comfort and style. The attention to detail in each unit ensures optimal use of space without compromising aesthetics.
News
Recent activity at 901 60th Street highlights its ongoing evolution as a desirable condominium property.
Updates
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No recent price changes.
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Units continue to gain interest from buyers and renters alike.
As more units are sold and occupied, the building is expected to further establish itself as a key residential option in Borough Park. Continued interest from both investors and residents demonstrates its long-term appeal.
Summary
901 60th Street offers a unique blend of historic charm and modern living in Borough Park, Brooklyn. Its well-designed units, practical amenities, and competitive pricing appeal to a wide range of buyers and renters. The building’s steady sales performance and desirable location underscore its value in the Brooklyn real estate market.
FAQs
What is the price range for units at 901 60th Street?
The asking price for units ranges between $485,000 and $1.47 million, depending on the unit size and layout. Recently sold units, like the 2-bedroom Unit 2B, closed at $764,000. Rentals start at $3,000 per month for 1- and 2-bedroom options.
What amenities are available in the building?
901 60th Street offers a variety of amenities, including an elevator, parking, laundry facilities, and pet-friendly policies. Select units also feature private outdoor spaces like terraces or balconies, providing comfort and convenience.
How many units are available, and what layouts are offered?
The building consists of 8 total units, with layouts including studios, 1-bedroom, 2-bedroom, and 3-bedroom options. The most popular are the 2-bedroom units, which are 67% sold, while studios and 3-bedroom units are still available.
What is the neighborhood like in Borough Park?
Borough Park is a family-friendly and culturally diverse neighborhood in Brooklyn. It features easy access to parks (like Sunset Park), public transportation (8 Avenue and Fort Hamilton Parkway subway stations), and numerous shopping and dining options.
Who manages the property, and how can I get more details?
The property is managed by Rollin 3 LLC, with Winnie Chu as the managing agent. For more information, prospective buyers or renters can contact Kevin Maher from eXp Realty, the designated sales agent for the building.
