Three-Level Duplex
For Sale
$1,749,999
374 E 9th Street, Brooklyn, NY 11218
Residential, Brooklyn, NY
Property Size1,650 SF
Lot Size0.05 Acres
Price / SF$1,060
Days on Market131
Property Features for 374 E 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Basement
Finished
Subdivision
Kensington
Standard status
Active
Size
1,650 SF
Lot size
0.05 Acres
Amenities
terrace
backyard
Building Details
Number of units
2
Flooring type
Laminate
Listing Agency:
Best Realty Professionals
Listed By:
Katia Belony
(718) 484-3745
Added: Jun 19
Changed: Oct 22
Last Checked: Oct 27 at 5:06AM
MLS# 502453
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.
Rebuilt in 2025, this two-family duplex provides three levels of living space along with a finished basement and full bathroom. The first floor includes a sunken living room, two bedrooms, one full bath, one half bath, and a kitchen connected to a terrace facing the backyard. The second floor offers another living room, two bedrooms, one full bath, and a kitchen. The attic level adds two large bedrooms with high ceilings, while the basement has a separate entrance and an additional full bathroom.
The property sits on a 0.0459-acre lot and contains 1,650 square feet. A private two-car driveway provides off-street parking, and the backyard includes space for gardening. Located in Kensington, Brooklyn, the home is near Prospect Park, shopping, dining, local parks, and public transportation, with access to Manhattan commuting routes.
The property sits on a 0.0459-acre lot and contains 1,650 square feet. A private two-car driveway provides off-street parking, and the backyard includes space for gardening. Located in Kensington, Brooklyn, the home is near Prospect Park, shopping, dining, local parks, and public transportation, with access to Manhattan commuting routes.
Key Highlights
- Two‑family duplex rebuilt in 2025
- Three levels with two bedrooms on the first floor, two on the second, and two attic bedrooms
- 1,650 square feet on a 0.0459‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,786
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,720
$1.2M
Cap Rate 7%
$825,514
$825.5K
Cap Rate 9%
$642,067
$642.1K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$84.2K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$82.6K $50.03/SF
− OpEx
−$24.8K −$15.01/SF
NOI
$57.8K $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%
$1,155,720
Cap Rate 7%
$825,514
Cap Rate 9%
$642,067
Alternative Uses
Best Use
Multifamily LT 5
$825.5K
$722.3K – $963.1K
NOI $57,786 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$719.6K
$629.7K – $839.6K
NOI $50,373 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,634 @ 7.0% cap · market cap 5.46%
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
4,449
Businesses Nearby
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Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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?
Duplex - Recently rebuilt two-family property with flexible living arrangements, a finished basement, backyard, and private off-street parking.
Where is this duplex located?
The property is located at 374 E 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,749,999.
What are key features of this property?
This property features: Two‑family duplex rebuilt in 2025; Three levels with two bedrooms on the first floor, two on the second, and two attic bedrooms; 1,650 square feet on a 0.0459‑acre lot
