765 E 9th Street,Brooklyn, NY 11230
Brooklyn, NY 11230
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 stabilizedallowing 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 room3/4 bathroomBoiler/utility roomLarge 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 5.28% 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!
Details
| MLS # | 936465 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 282 |
| Listing Provided By | Triolo Realty Group Inc | AnnMarie Triolo SRS C2EX |
Features
| SQ Feet | 5,160 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Oil |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 362700 |
| Tax Annual Amount | 23655 |
| Tax Lot | 62 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11230 |
| Listing VS Median (in 11230) | |
Price: $1,279,000 low | high Med: $415,000 sqft: 5,160 low | high Med: 694 $ / sqft: $248 low | high Med: $733 On site: 282 low | high Med: 108 | |
Market Activity 11230
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11230 |
| Listing VS Median (in 11230) | |
Price: $1,279,000 low | high Med: $415,000 sqft: 5,160 low | high Med: 694 $ / sqft: $248 low | high Med: $733 On site: 282 low | high Med: 108 | |
 | $1,800,000253 Newkirk AveBrooklyn, NY 11230 |