765 E 9th St, Brooklyn, NY, 11230

USD 1,499,000
For Sale MLS: 497418

Property Details

Bedrooms

12

Bathrooms

7

Property Type

multi family

Description

Multi Family in Brooklyn, NY - Bedrooms: 12 - Bathrooms: 7 - Area: 5160 sqft - Year Built: 1925 - Lot: 2667 sqft

Listing Agent: Annmarie Triolo Brokerage: Triolo Realty Group Inc

Welcome to 765 East 9th Street - a rare, long-held 6-family building in the heart of Midwood, Brooklyn. Owned by the same family for nearly 60 years, this exceptionally well-maintained property offers tremendous versatility, strong income, and the opportunity to add significant value. Currently used as a 5-family, the building can easily be converted back to its original 6-family layout, making it ideal for both investors and end-users. The first-floor features a large combined owner's apartment, created from two units and never rent stabilized-allowing the future owner to establish first rent if reconfigured. This expansive residence offers 8 well-proportioned rooms, including a kitchen, dinette area, living room, formal dining room, 4 bedrooms, and 2 full bathrooms. Whether used as a spacious owner's suite or restored into two separate units, it provides extraordinary flexibility and value. The second and third floors each contain two apartments per floor, with every unit offering 4 rooms total, including 2 bedrooms, serving long-standing, reliable, good-paying tenants. The property also includes a full semi-finished basement, featuring: Laundry room 3/4 bathroom Boiler/utility room Large open room with direct access to the rear yard With strong existing rents, stable tenancy, and additional upside potential, this building is an excellent income-producing investment, with the ability to reach an estimated 4.3% cap rate. Located on a quiet residential block near Kensington and surrounded by transportation, houses of worship, shopping, and schools, 765 East 9th Street is truly a rare opportunity in an in-demand neighborhood. First time on the market in decades - don't miss it!

Location

Address

765 E 9th St, Brooklyn, NY, 11230

City

Brooklyn

Features and Finishes

Bedrooms: 12, Total Bathrooms: 7.00, Full Bathrooms: 6, 3/4 Bathrooms: 1, Dryer, Refrigerator, Stove, Washer, Flooring: Carpeting, Hardwood, Linoleum, Basement Features: Full, Semi-Finished, Fuel Expense: 13404, Heating Fuel: Oil, Water Heaters: Hot Water Coil in Boiler, Lot Size Acres: 0.0612259, Lot Size Dimensions: 2679, Lot Size Square Feet: 2667, Yard: Back, Gross Income: 54765, Number of Units: 5, Bedrooms in Unit-1: 4, Bedrooms in Unit-2: 2, Bedrooms in Unit-3: 2, Bedrooms in Unit-4: 2, Bedrooms in Unit-5: 2, Total Bathrooms in Unit-1: 2, Total Bathrooms in Unit-2: 1, Total Bathrooms in Unit-3: 1, Total Bathrooms in Unit-4: 1, Total Bathrooms in Unit-5: 1, Full Bathrooms in Unit-1: 2, Full Bathrooms in Unit-2: 1, Full Bathrooms in Unit-3: 1, Full Bathrooms in Unit-4: 1, Full Bathrooms in Unit-5: 1, Total Rooms in Unit-1: 8, Total Rooms in Unit-2: 4, Total Rooms in Unit-3: 4, Total Rooms in Unit-4: 4, Total Rooms in Unit-5: 4, Unit-1 Description: 4+ Bedrooms, Unit-2 Description:

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