8-Unit Apartment
For Sale
$2,900,000
148 N 9th Street, Brooklyn, NY 11249
R6B-zoned residence offers two-bedroom layouts and several apartments expected to be vacant at closing.
Property Size5,500 SF
Price / SF$527.27
Days on Market137
Property Features for 148 N 9th Street
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Zoning
R6B
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$13,671
Building Details
Building Size
5,500 SF
Year Built
1900
Stories
4
Units
8
Listing Agency:
Trademarko Realty Inc
(718) 502-5141
Listed By:
Marek Sobolewski · License #10311207231
(718) 710-8170
Source:
Croninreale
Added: Jun 10
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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 Trademarko Realty Inc
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Investment Insights
Based on property information with market context.
This 8-family apartment building contains 5,500 square feet and was built in 1900. Most apartments have two bedrooms, hardwood floors, generous room layouts, and natural light. Several units are expected to be delivered vacant, creating options for occupancy or leasing.
The property is at 148 N 9th Street in Brooklyn, between Bedford Avenue and Berry Street. Williamsburg dining, retail, nightlife, parks, and transportation are nearby.
The property is at 148 N 9th Street in Brooklyn, between Bedford Avenue and Berry Street. Williamsburg dining, retail, nightlife, parks, and transportation are nearby.
Key Highlights
- 8‑family building with 5,500 square feet
- Most apartments feature two‑bedroom layouts and hardwood floors
- Several units are expected to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,909
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,180
$3.4M
Cap Rate 7%
$2,398,700
$2.4M
Cap Rate 9%
$1,865,656
$1.9M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$311.5K $56.64/SF
− Vacancy
−$6.2K −$1.13/SF
EGI
$305.3K $55.51/SF
− OpEx
−$137.4K −$24.98/SF
NOI
$167.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,358,180
Cap Rate 7%
$2,398,700
Cap Rate 9%
$1,865,656
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $167,909 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,780 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
8,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 11249, NY
42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - R6B-zoned residence offers two-bedroom layouts and several apartments expected to be vacant at closing.
Where is this apartment building located?
The property is located at 148 N 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 8‑family building with 5,500 square feet; Most apartments feature two‑bedroom layouts and hardwood floors; Several units are expected to be delivered vacant
