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$1,499,000
Est. payment /mo
7 Baths
5,160 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,160 sqft
Price per Sqft $290
MLS Listing ID 497418
Full Baths 6
Year Built 1925
Annual Tax Amount $23,655
Lot Dimensions 2679
Property Sub-Type Multi-Family
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 (brooklyn)
Area Midwood
Zoning R7A
Rooms
Basement Full, Semi-Finished
Interior
Hot Water Hot Water Coil in Boiler
Heating Oil
Flooring Carpeting, Hardwood, Linoleum
Heat Source Oil
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Block
Others
Energy Description Oil
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Triolo Realty Group Inc
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716