12-Unit Mixed-Use Corner
For Sale
$3,999,000
9 Newport Street Unit MixedUse, Brooklyn, NY 11212
Seven studios and five ground-floor commercial spaces offer a combination of residential and retail income.
Property SizeContact for details
Lot Size0.19 Acres
Days on Market38
Property Features for 9 Newport Street Unit MixedUse
General Information
Standard status
Active
Lot size
0.19 Acres
Property subtype
Commercial Building
Zoning
R6/C1-3
Site & Location
Corner Location
Yes
Public Transit
Yes
Mixed-Use Components
residential, retail
Units
Unit Mix
7 x studio
Multifamily Units
7
Additional Details
Cap Rate
9%
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
Real Street Inc.
Listed By:
Real Street
(718) 400-8776
Source:
Gosenproperties
Added: Sep 25
Changed: Oct 29
Last Checked: Nov 1 at 1:42AM
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 Real Street Inc.
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Investment Insights
Based on property information with market context.
This renovated Brooklyn 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 building underwent a gut renovation and is classified as Tax Class 2B. Its zoning is R6/C1-3, with a 2.02 FAR, and the property has a 9% in-place cap rate.
The corner parcel measures approximately 8,314 square feet, with about 49 feet of frontage on Newport Street and 130 feet of wraparound frontage. The 3 train at Saratoga Avenue is approximately two blocks away; the L train is accessible at New Lots Avenue.
The corner parcel measures approximately 8,314 square feet, with about 49 feet of frontage on Newport Street and 130 feet of wraparound frontage. The 3 train at Saratoga Avenue is approximately two blocks away; the L train is accessible at New Lots Avenue.
Key Highlights
- 12 units: 7 free‑market studio apartments and 5 ground‑floor commercial spaces
- Six of seven apartments are leased; all five commercial spaces are leased
- Renovated throughout, with a gut renovation
Property Analytics
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Open Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,095
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven studios and five ground-floor commercial spaces offer a combination of residential and retail income.
Where is this mixed-use property located?
The property is located at 9 Newport Street Unit MixedUse 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 units: 7 free‑market studio apartments and 5 ground‑floor commercial spaces; Six of seven apartments are leased; all five commercial spaces are leased; Renovated throughout, with a gut renovation
