1876 9Th StBrooklyn, NY 11223

For Sale
$1,500,000

Six-family Brooklyn building, high income.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional investment opportunity presents a six-family mixed-use building located in the desirable Gravesend neighborhood of Brooklyn, New York. The property, situated at 1876 West 9th Street, boasts a substantial 2,800 square feet of space on a 28x100 lot. The building is a solid brick, semi-detached structure. The current annual rental income is approximately $115,000, representing a strong return on investment. Recent upgrades include a brand new roof, a new gas heating system, a new hot water heater, updated electrical systems, and newer windows, ensuring minimal maintenance needs for the new owner. The property is well-maintained and presents an excellent opportunity for an investor seeking a stable, high-yield asset. Additionally, there is potential for an end-user, with the possibility of one or two vacant units at closing, allowing for immediate occupancy or customization. This prime location in Gravesend offers easy access to abundant transportation options and shopping amenities. This is a rare opportunity to acquire a prized piece of Brooklyn real estate in a highly sought-after area. The asking price for this remarkable property is $1,500,000.

Highlights

  • Asking Price: $1,500,000
  • Property Type: Mixed-use, six-family building
  • Building Size: 2,800 square feet on a 28x100 lot
  • Annual Income: Approximately $115,000
  • Recent Improvements: New roof, gas heating system, hot water heater, updated electric, and newer windows.

Location Insight

City
Brooklyn
County
36047
State
New York
Latitude
40.6013903
Longitude
-73.9816062
1876 9Th St, Brooklyn, New York

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1876 9Th St
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