Corner Mixed-Use
3924 9th Avenue, Brooklyn, NY 11232
For Sale
$2,580,000
R6-zoned property combines three residential units with ground-floor retail space.
Property Size2,400 SF
Lot Size0.04 Acres
Price / SF$1,075
Days on Market52
Property Features for 3924 9th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Financials
Gross Income
Average Monthly Rent
Site & Location
Corner Location
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Tenancy & Operations
Currently Operating
Tenant in Place
Amenities
Marble,Tile
Gas
4
2400
Finished
Other
Back,Side
Brick
1600
Poured Concrete
20.00
20
60.00
80
Yes
Building Details
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
E House Realty & Mgt. Inc
Listed By:
Mingqin Sun
(718) 551-4795
Source:
Suitsre
Added: Sep 20
Changed: Nov 9
Last Checked: Nov 10 at 6:27AM
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 E House Realty & Mgt. Inc
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Investment Insights
Based on property information with market context.
At 3924 9th Avenue, this brick mixed-use property contains three residential units and a ground-floor store. The building measures 20 by 60 feet on a 20-by-80-foot lot, with a reported 2,400 square feet of property size. The residential layout includes a three-bedroom unit and two four-bedroom units, each with a living room. The property is scheduled for delivery vacant at closing.
Separate electric, gas, heating, and hot water systems serve the building. Built in 1931, the property is zoned R6 and occupies a corner location in Sunset Park, Brooklyn.
Separate electric, gas, heating, and hot water systems serve the building. Built in 1931, the property is zoned R6 and occupies a corner location in Sunset Park, Brooklyn.
Key Highlights
- Three residential units above a ground‑floor store
- R6 zoning
- Building measures 20' x 60' on a 20' x 80' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,091
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,820
$2.3M
Cap Rate 7%
$1,644,157
$1.6M
Cap Rate 9%
$1,278,789
$1.3M
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$186.6K $77.76/SF
− Vacancy
−$22.2K −$9.25/SF
EGI
$164.4K $68.51/SF
− OpEx
−$49.3K −$20.55/SF
NOI
$115.1K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,820
Cap Rate 7%
$1,644,157
Cap Rate 9%
$1,278,789
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,091 @ 7.0% cap · market cap 4.46%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,549
Businesses Nearby
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Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - R6-zoned property combines three residential units with ground-floor retail space.
Where is this mixed-use property located?
The property is located at 3924 9th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,580,000.
What are key features of this property?
This property features: Three residential units above a ground‑floor store; R6 zoning; Building measures 20' x 60' on a 20' x 80' lot
