Four-Story Multi-Family
460 9th Street Brooklyn, NY 11215
460 9th Street, Brooklyn, NY, 11215
$3,950,000
For Sale
$3,950,000
MULTI_FAMILY - Other - Brooklyn, NY
Property Size3,270 SF
Price / SF$1,207
Days on Market94
Property Features for 460 9th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 5
- Standard status
- Active
Building Details
- Architectural style
- Other
Listing Agency
Compass
(646) 982-0353
3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY
Listed by
Kellen Koon
Added: Apr 15 Checked: Jul 17 at 8:06 am
MLS# 11798521
Copyright © 2026 My State MLS. 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.
Delivered vacant, this four-story brownstone with a cellar offers original details alongside practical modern upgrades. The home features a classic bay window, marble fireplaces, original hardwood floors, and ornate moldings with ceiling medallions. Split-unit AC/heat and in-unit washer/dryers are included across the units.
The current configuration includes a garden-level duplexed layout with a 3 bed/2 bath setup, a parlor-level front studio with the rear duplexed with the garden level, and two upper floors with newly renovated 2 bed/1 bath units. The cellar is unfinished.
For income-oriented use, the 3rd and 4th floors are projected at $5,000/month each, with a combined $120,000/year gross rental income described in the remarks. The property is also presented as a potential owner-triplex by combining the cellar, 1st floor, and 2nd floor. The location is described as two blocks from Prospect Park and within walking distance of several subway lines, including nearby access to the 7th Ave Station (F/G) and the 4th Ave-9th St Station (F/G/R).
The current configuration includes a garden-level duplexed layout with a 3 bed/2 bath setup, a parlor-level front studio with the rear duplexed with the garden level, and two upper floors with newly renovated 2 bed/1 bath units. The cellar is unfinished.
For income-oriented use, the 3rd and 4th floors are projected at $5,000/month each, with a combined $120,000/year gross rental income described in the remarks. The property is also presented as a potential owner-triplex by combining the cellar, 1st floor, and 2nd floor. The location is described as two blocks from Prospect Park and within walking distance of several subway lines, including nearby access to the 7th Ave Station (F/G) and the 4th Ave-9th St Station (F/G/R).
Key Highlights
- Vacant 4‑story brownstone with ~3,270 SF across four full stories plus a cellar
- Split‑unit central AC/heat and in‑unit washer/dryers in all units
- Historic details include original hardwood floors, ornate moldings with ceiling medallions, a classic bay window, and 5 marble fireplaces
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.8k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $163.6k | $50.03 |
| − OpEx | −$49.1k | −$15.01 |
| NOI | $114.5k | $35.02 |
3,270 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,521 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,830 @ 7.0% cap · market cap 2.53%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,529 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sharon L. Tracy, ...
Physician
Sharon Tracy
Physician
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FAQs
What type of property is this?
Quadplex - Vacant four-story brownstone with an unfinished cellar, updated split-unit HVAC, and in-unit washer/dryers across multiple levels.
Where is this quadplex located?
The property is located at 460 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Vacant 4‑story brownstone with ~3,270 SF across four full stories plus a cellar; Split‑unit central AC/heat and in‑unit washer/dryers in all units; Historic details include original hardwood floors, ornate moldings with ceiling medallions, a classic bay window, and 5 marble fireplaces
