Brooklyn Brownstone with Income
460 9th St Brooklyn, NY 11215
460 9th St, Brooklyn, NY, 11215
$3,950,000
For Sale
$3,950,000
Renovated brownstone near Prospect Park with high rental income potential.
Property Size3,270 SF
Price / SF$1,207
Days on Market97
Property Features for 460 9th St
General Information
- Standard status
- Active
- Size
- 3,270 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency
(631) 626-9878
Listed by
Kellen Koon
(631) 626-9878
Source
Elliman
Added: Apr 12 Checked: Jul 16 at 9:43 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kellen Koon
Investment Insights
Based on property information with market context.
This four-story brownstone, totaling approximately 3,270 square feet plus a cellar, is located in Brooklyn. The property offers a canvas for either a single-family residence or an owner's triplex with rental income. The top two floors have been recently renovated and are projected to generate $10,000 per month, or $120,000 annually, in rental income. The building features split-unit central AC/heat and in-unit washer/dryers in all units. Original details include a bay window, five marble fireplaces, hardwood floors, and moldings with ceiling medallions. The cellar is unfinished, presenting potential for a recreation room, home theater, or gym. The first floor, at garden level, contains a three-bedroom, two-bathroom unit duplexed with the rear of the parlor floor. The second floor, at parlor level, features a front studio and a rear area duplexed with the garden level. The third and fourth floors each contain a newly renovated two-bedroom, one-bathroom unit. The property is located two blocks from Prospect Park and is near the dining and boutique areas along 5th Avenue, 7th Avenue, and 9th Street. Transportation options include the F and G lines at the 7th Avenue Station, the F, G, and R lines at the 4th Avenue-9th Street Station, and the 2 and 3 lines at Grand Army Plaza. The bike score is 89, the walk score is 94, and the transit score is 100.
Key Highlights
- High Rental Income Potential: Newly renovated top two floors project $120,000/year in rental income.
- Prime Location: Just two blocks from Prospect Park and steps to multiple subway lines.
- Large Size & Flexible Layout: ~3,270 Sq. Ft. 4‑story brownstone with potential for a single‑family home, owner's triplex, or turnkey investment property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.8k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $163.6k | $50.03 |
| − OpEx | −$49.1k | −$15.01 |
| NOI | $114.5k | $35.02 |
3,270 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,521 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,830 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,529 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sharon L. Tracy, ...
Physician
Sharon Tracy
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated brownstone near Prospect Park with high rental income potential.
Where is this triplex located?
The property is located at 460 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High Rental Income Potential: Newly renovated top two floors project $120,000/year in rental income.; Prime Location: Just two blocks from Prospect Park and steps to multiple subway lines.; Large Size & Flexible Layout: ~3,270 Sq. Ft. 4‑story brownstone with potential for a single‑family home, owner's triplex, or turnkey investment property.