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$ 1,499,000
Est. payment | /mo
11 Beds
6 Baths
5,160 SqFt
$ 1,499,000
Est. payment | /mo
11 Beds
6 Baths
5,160 SqFt
Key Details
Property Type Commercial
Sub Type 6F
Listing Status Active
Purchase Type For Sale
Square Footage 5,160 sqft
Price per Sqft $290
MLS Listing ID 2506714
Bedrooms 11
Full Baths 6
Year Built 1925
Annual Tax Amount $23,655
Lot Size 2,679 Sqft
Acres 0.06
Lot Dimensions 26.67x100
Property Sub-Type 6F
Source Staten Island Multiple Listing Service
Property Description
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!
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
State NY
County Kings
Area Midwood
Zoning R7-A
Interior
Heating Steam, Oil
Cooling None
Building
Story 3
Sewer City
Level or Stories 3
Structure Type Brick
New Construction No
Others
Tax ID 06497-0062
Listed ByTriolo Realty Group, Inc.
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Frank Esposito
Agent