Residential Income Property with Rooftop
For Sale
$809,000
Pending
428 E 9TH Street 603, Brooklyn, NY 11218
Condominium residence with designer finishes, modern appliances, in-unit laundry, and access to extensive shared amenities.
Property Size851 SF
Days on Market344
Property Features for 428 E 9TH Street 603
General Information
Standard status
Pending
Size
851 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$10,176
Amenities
doorman
package room
crafted lobby and waiting area
video intercom system
bicycle storage
private storage available
fully equipped fitness center
yoga room
children's play center
residence lounge and co-working space
pet spa
rooftop pet run
rooftop lounge
Building Details
Building Size
851 SF
Year Built
2024
Listing Agency:
Corcoran Group
Listed By:
Salomon Danielov · License #10401221164
(347) 306-4996
Source:
Carlinwright
Added: Nov 19, 2025
Changed: Oct 27
Last Checked: Oct 28 at 6:16PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 851-square-foot condominium residence is part of a 2024 development offering studios and one-, two-, and three-bedroom homes. Interior details include European oak engineered hardwood flooring, oversized windows, LED lighting, custom Italian cabinetry, engineered quartz countertops, and stainless-steel Blomberg and Fisher and Paykel appliances. The bathroom includes imported porcelain tile, radiant heated flooring, a heated anti-fog mirror, floating vanity, and deep soaking tub. Mini-split heating and cooling and an in-unit washer/dryer provide everyday convenience. Many residences also include private outdoor space.
Shared features at Kensington Manor include a doorman, package room, fitness center, yoga room, children's play center, residence lounge with co-working space, bicycle storage, pet spa, and rooftop pet run. The rooftop lounge adds grill stations, a kitchenette, picnic areas, and seating. Optional parking with EV chargers and private storage are available. The property is near Prospect Park and offers access to Q, B, and F train lines, along with BM1, BM2, BM3, and BM4 express bus routes.
Shared features at Kensington Manor include a doorman, package room, fitness center, yoga room, children's play center, residence lounge with co-working space, bicycle storage, pet spa, and rooftop pet run. The rooftop lounge adds grill stations, a kitchenette, picnic areas, and seating. Optional parking with EV chargers and private storage are available. The property is near Prospect Park and offers access to Q, B, and F train lines, along with BM1, BM2, BM3, and BM4 express bus routes.
Key Highlights
- 851 SF condominium residence in a 2024 development
- Access to Q, B, and F train lines plus BM1, BM2, BM3, and BM4 express bus routes
- Rooftop lounge with grill stations, kitchenette, picnic areas, and lounge seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,980
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,600
$519.6K
Cap Rate 7%
$371,143
$371.1K
Cap Rate 9%
$288,667
$288.7K
Market Conditions
NOI Build-Up for 851 SF
Gross rent
$48.2K $56.64/SF
− Vacancy
−$964 −$1.13/SF
EGI
$47.2K $55.51/SF
− OpEx
−$21.3K −$24.98/SF
NOI
$26.0K $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%
$519,600
Cap Rate 7%
$371,143
Cap Rate 9%
$288,667
Alternative Uses
Best Use
Apartment 5plus
$371.1K
$324.8K – $433.0K
NOI $25,980 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$704.6K
$616.6K – $822.1K
NOI $49,324 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,259
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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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with designer finishes, modern appliances, in-unit laundry, and access to extensive shared amenities.
Where is this residential income property located?
The property is located at 428 E 9TH Street 603 Brooklyn, NY.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: 851 SF condominium residence in a 2024 development; Access to Q, B, and F train lines plus BM1, BM2, BM3, and BM4 express bus routes; Rooftop lounge with grill stations, kitchenette, picnic areas, and lounge seating
