Three-Family Brownstone with
For Sale
$3,995,000
463 9TH Street, Brooklyn, NY 11215
Vacant historic townhouse with a three-family certificate of occupancy, garden access, and a full basement.
Property Size3,672 SF
Price / SF$1,087
Days on Market9
Property Features for 463 9TH Street
General Information
Standard status
Active
Size
3,672 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,096
Amenities
central air conditioning
washer/dryer
storage
garden
basement
Building Details
Building Size
3,672 SF
Year Built
1901
Buildings
1
Stories
4
Construction
brownstone
Listing Agency:
Brown Harris Stevens Brooklyn LLC
Listed By:
Joanna Mayfield Marks · License #10301205645
(718) 613-2810
Source:
Penrealty
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 27 at 3:28AM
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 Brown Harris Stevens Brooklyn LLC
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Investment Insights
Based on property information with market context.
This 3,672-square-foot, 1901 brownstone spans four stories and includes a full basement. The 20-foot-wide townhouse is delivered vacant and has a certificate of occupancy for three-family use. Its layout includes two upper apartments, each with two bedrooms, a living room, dining room, kitchen, and bath, plus a lower duplex with three bedrooms and one-and-a-half baths. The duplex has private access to the rear garden and basement. Central air conditioning serves the first and second floors; a side-by-side washer and dryer and built-in storage are also included. The home is designated as a historic landmark and is offered as-is.
At 463 9th Street in Brooklyn, the property is less than a block from the F/G train stop and close to Prospect Park. The surrounding area includes restaurants and the Nitehawk Cinema.
At 463 9th Street in Brooklyn, the property is less than a block from the F/G train stop and close to Prospect Park. The surrounding area includes restaurants and the Nitehawk Cinema.
Key Highlights
- 3,672‑square‑foot, 1901 brownstone on a 20‑foot‑wide lot
- Four stories plus a full basement; delivered vacant and offered as‑is
- Certificate of occupancy for three‑family use, with two 2‑bedroom upper units and a 3‑bedroom lower duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,600
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,572,000
$2.6M
Cap Rate 7%
$1,837,143
$1.8M
Cap Rate 9%
$1,428,889
$1.4M
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$187.3K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$183.7K $50.03/SF
− OpEx
−$55.1K −$15.01/SF
NOI
$128.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,572,000
Cap Rate 7%
$1,837,143
Cap Rate 9%
$1,428,889
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.14M
NOI $128,600 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,102 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$3.04M
$2.66M – $3.55M
NOI $212,829 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,347
Businesses Nearby
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Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant historic townhouse with a three-family certificate of occupancy, garden access, and a full basement.
Where is this triplex located?
The property is located at 463 9TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 3,672‑square‑foot, 1901 brownstone on a 20‑foot‑wide lot; Four stories plus a full basement; delivered vacant and offered as‑is; Certificate of occupancy for three‑family use, with two 2‑bedroom upper units and a 3‑bedroom lower duplex
