12-Unit Corner Mixed-Use
New
For Sale
$3,999,000
9 Newport Street, Brooklyn, NY 11212
Commercial Sale, BROOKLYN, NY
Property SizeContact for details
Lot Size0.19 Acres
Days on Market3
Property Features for 9 Newport Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 10, Bedroom 3, Bedroom 6, Bathroom 9, Bathroom 3, Bedroom 2, Bathroom 6, Bathroom 8, Bathroom 12, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 7, Bathroom 5, Bathroom 11
Subdivision
Brownsville
High school district
000000
Standard status
Active
Lot size
0.19 Acres
Listing Agency:
Real Street Inc.
Listed By:
Sully Klein
(718) 400-8776
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 12002724
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.
At Newport Street and East 98th Street, this renovated mixed-use property contains 12 units: seven free-market studio apartments and five ground-floor commercial spaces. Six apartments are leased, while all five commercial spaces are occupied. The residential units are not subject to rent stabilization. The property has an approximately 8,314-square-foot corner lot, with approximately 49 feet of Newport Street frontage and approximately 130 feet of wraparound frontage. Its stated in-place cap rate is 9%.
Zoning is R6/C1-3, with a 2.02 FAR and Tax Class 2B status. The 3 train at Saratoga Avenue is approximately two blocks away, and the L train is accessible at New Lots Avenue.
Zoning is R6/C1-3, with a 2.02 FAR and Tax Class 2B status. The 3 train at Saratoga Avenue is approximately two blocks away, and the L train is accessible at New Lots Avenue.
Key Highlights
- 12‑unit composition: 7 free‑market studio apartments and 5 ground‑floor commercial spaces
- Six of the seven apartments are leased; all five commercial spaces are leased
- Approximately 8,314‑square‑foot corner lot with 49 feet of Newport Street frontage and 130 feet of wraparound frontage
Property Analytics
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Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Its mix includes seven free-market studios and five ground-floor commercial spaces.
Where is this mixed-use property located?
The property is located at 9 Newport Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 12‑unit composition: 7 free‑market studio apartments and 5 ground‑floor commercial spaces; Six of the seven apartments are leased; all five commercial spaces are leased; Approximately 8,314‑square‑foot corner lot with 49 feet of Newport Street frontage and 130 feet of wraparound frontage
