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Kensington Commercial Condo For Sale
For Sale
$699,000

428 E 9th St, Brooklyn, NY 11218

New construction ground floor commercial condo in prime Kensington area.

Property Size1,416 SF
Price / SF$493.64
Days on Market118

Property Features for 428 E 9th St

General Information

Standard status Active
Size 1,416 SF
Property subtype Commercial

Building Details

Building Size 1,416 SF
Listing Agency: A P Services Inc
Listed By: Aliaksei A. (Alex) Palaukou · License #AP8095
Source: Elliman
Added: Apr 24 Changed: Aug 17 Last Checked: Aug 18 at 7:08AM

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 A P Services Inc

Investment Insights

Based on property information with market context.

This is a new construction ground floor commercial condominium located in the Kensington area. The space is approximately 1416 square feet. The property has a 25-year tax abatement (ICAP). Common charges (HOA) are $219 per month. The owner can build to suit to meet the buyer's specific needs. The bike score is 83, indicating it is very bikeable. The walk score is 91, designating it as a walker's paradise. The transit score is 93, marking it as a rider's paradise. It is suitable for community facility use.

Key Highlights

  • 25‑year tax abatement (ICAP)
  • Prime Kensington location with excellent walk, bike, and transit scores (91, 83, and 93 respectively)
  • New construction ground floor commercial condo (community facility)

Property Analytics

Current Use

Al-Barr Builder Construction Company

Suggested Use

Top Pick Law Firm Accounting Firm Nursing Home Barber Shop (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,746
Businesses Nearby
155k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 48% Shops & Services 34% Groceries 12% Electronics 4%
McDonald's Dining
25,733 visits/mo 0.2 miles
Chase Bank Shops & Services
18,496 visits/mo 0.4 miles
Dunkin' Donuts Dining
14,343 visits/mo 0.2 miles
Mobil Shops & Services
13,996 visits/mo 0.3 miles
C-Town Supermarkets Groceries
10,793 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - New construction ground floor commercial condo in prime Kensington area.
Where is this retail space located?
The property is located at 428 E 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 25‑year tax abatement (ICAP); Prime Kensington location with excellent walk, bike, and transit scores (91, 83, and 93 respectively); New construction ground floor commercial condo (community facility)
More about this property
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