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New Construction Ground-Floor Retail Space
For Sale
$699,000

428 E 9th Street, Brooklyn, NY 11218

Commercial, Brooklyn, NY

Property Size1,416 SF
Lot Size0.29 Acres
Price / SF$493.64
Days on Market754

Property Features for 428 E 9th Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning R7B/OP
Subdivision Kensington
Standard status Active
Size 1,416 SF
Lot size 0.29 Acres

Building Details

Building materials Block, Brick
Roof type Flat
Listing Agency: A P Services Inc
Listed By: Aliaksei A. (Alex) Palaukou · License #AP8095
Added: Aug 21, 2024 Changed: Sep 6 Last Checked: Sep 13 at 2:06PM
MLS# 485460

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.

Investment Insights

Based on property information with market context.

This new-construction ground-floor commercial condominium contains approximately 1,416 square feet and is identified as a community facility. The space is constructed with block and brick materials beneath a flat roof, offering a straightforward base for customization. The owner can configure the premises to meet a buyer’s specific requirements.

Located at 428 E 9th Street in Brooklyn’s Kensington area, the property carries R7B/OP zoning. An ICAP tax abatement is in place for 25 years, providing an established tax-benefit structure for the ownership. The property is classified within the retail space category and is offered for sale.

Key Highlights

  • New‑construction ground‑floor commercial condominium
  • Approximately 1,416 square feet of space
  • Community facility designation with R7B/OP zoning

Property Analytics

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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

7,259
Businesses Nearby
153k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 57% Dining 34% Groceries 6% Electronics 1%
Barnes & Noble Shops & Services
34,907 visits/mo 0.2 miles
Bank of America Shops & Services
13,992 visits/mo 0.3 miles
7-Eleven Shops & Services
10,769 visits/mo 0.3 miles
Market Place By Key Food Groceries
9,432 visits/mo 0.4 miles
Bareburger Dining
7,683 visits/mo 0.5 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Ground-floor commercial condominium with build-to-suit flexibility in Kensington.
Where is this retail space located?
The property is located at 428 E 9th Street 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: New‑construction ground‑floor commercial condominium; Approximately 1,416 square feet of space; Community facility designation with R7B/OP zoning
More about this property
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