2-Unit Brick Duplex with
New
For Sale
$2,790,000
1627 W 9th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,472 SF
Lot Size0.09 Acres
Price / SF$1,128
Days on Market1
Property Features for 1627 W 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
10
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 10, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 9, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 2
Parking features
Garage - Detached
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
2,472 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13098
Amenities
detached garage
private driveway
wrought-iron balconies
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Tile
Buildings
1
Listing Agency:
RE/MAX Elite
Listed By:
Eric C. Chan
(718) 690-3900
Added: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# 505751
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,472-square-foot duplex contains two family units in a brick building constructed in 1930. The residence has hardwood flooring, a tile roof, and a detached garage with a private driveway. The lot measures 40 by 100 feet, and the building measures approximately 23 by 45 feet.
The property is near the N subway line and MTA bus routes, with Kings Highway and Avenue U among the nearby corridors. Shopping, supermarkets, restaurants, schools, and parks are also in the surrounding area. The zoning designation is R4-1.
The property is near the N subway line and MTA bus routes, with Kings Highway and Avenue U among the nearby corridors. Shopping, supermarkets, restaurants, schools, and parks are also in the surrounding area. The zoning designation is R4-1.
Key Highlights
- Two‑family duplex with 2,472 square feet of building area
- 40 x 100 lot; building measures approximately 23 x 45 feet
- Detached garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,574
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,480
$1.7M
Cap Rate 7%
$1,236,771
$1.2M
Cap Rate 9%
$961,933
$961.9K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$126.1K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$123.7K $50.03/SF
− OpEx
−$37.1K −$15.01/SF
NOI
$86.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,480
Cap Rate 7%
$1,236,771
Cap Rate 9%
$961,933
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,574 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$1.08M
$943.4K – $1.26M
NOI $75,468 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,277 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,119
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached garage and private driveway accompany this two-family residence near subway and bus service.
Where is this duplex located?
The property is located at 1627 W 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: Two‑family duplex with 2,472 square feet of building area; 40 x 100 lot; building measures approximately 23 x 45 feet; Detached garage and private driveway
