Multi-Family $ 1,499,000

765 East 9th ST

Brooklyn, NY 11230

  • 7 Baths
    Full Baths: 6
  • 5,160 SqFt
  • 1925 Year Built
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!
Listed by Triolo Realty Group Inc

PROPERTY DETAIL

  • 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

  • Location

    State NY

    County Kings (brooklyn)

    Area Midwood

    Zoning R7A

  • Rooms

    Basement Full, Semi-Finished

  • Building

    Story 3

    Foundation Block

  • 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

  • Others

    Energy Description Oil

    Financing 1031 Exchange,Bank Mortgage,Cash

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