Williamsburg Mixed-Use Building For
221 N 9th St Brooklyn, NY 11211
221 N 9th St, Brooklyn, NY, 11211
Contact for pricing
For Sale
Contact for pricing
Mixed-use property in prime Williamsburg location with residential and commercial spaces.
Property Size6,747 SF
Price / SF$1,170
Days on Market1067
Property Features for 221 N 9th St
General Information
- Standard status
- Active
- Size
- 6,747 SF
- Property subtype
- Mixed Use
Listing agency
Bedford and Jane
Listed by
Randel Moore · License #NY 10371201642
Source
Crexi
Added: Aug 21, 2023 Updated: Jul 10 at 3:44PM Checked: Jul 21 at 1:08PM
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 Bedford and Jane
Investment Insights
Based on property information with market context.
This 6,747 SF mixed-use property is located in Williamsburg, Brooklyn, on a prime block on the neighborhood’s Northside. The property is situated two blocks from McCarren Park, two blocks from the Bedford L train station, 1.5 blocks to Bedford Avenue, and four blocks to Marsha P Johnson State Park and the East River waterfront. Constructed in 2020, the property features a gut-renovated ground floor commercial space and a newly built residential portion above. The residential section consists of six luxury 1-bedroom units spread across three floors, totaling 4,124 SF. Four of these units feature 15’ ceilings. Each unit includes wide plank Northern Oak floors, floor-to-ceiling windows, forced air/heat, washers and dryers, dishwashers, White Carerra quartz countertops, extensive kitchen cabinet space, premium bath and kitchen fixtures, and lighted balconies with outdoor electrical outlets. The residential portion is designed for maximum privacy, with two units per floor sharing a semi-private elevator landing. Concrete between floors and cinder block exterior walls mitigate noise. The ground floor commercial space, totaling 2,623 SF, is currently occupied by a cafe and includes a fully built-out kitchen, a bar, and a mezzanine. It also features recently installed HVAC (2020). The property includes an elevator for the residential portion and a wooden decked rooftop. The commercial space, with its wood wraparound bar, soaring ceilings, and HVAC, is suitable for an upscale restaurant. The property will be delivered with at least one residential unit and the commercial space vacant.
Key Highlights
- Prime Williamsburg Location: Close to McCarren Park, Bedford L train, and the East River waterfront.
- Income‑Generating Property: Features a gut‑renovated commercial space and six luxury 1‑bedroom residential units.
- High‑End Residential Units: Each unit boasts wide plank Northern Oak floors, floor‑to‑ceiling windows, and private balconies.
Local Financial Insights For Mixed Use
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 | $445.3k | $66.00 |
| − Vacancy | −$53.4k | −$7.92 |
| EGI | $391.9k | $58.08 |
| − OpEx | −$146.9k | −$21.78 |
| NOI | $244.9k | $36.30 |
6,747 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.50M
$3.06M – $4.08M
NOI $244,916 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$2.94M
$2.57M – $3.43M
NOI $205,979 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$5.59M
$4.89M – $6.52M
NOI $391,056 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
pinkFROG cafe
Cafe & Coffee Shop
Lavazza
Production Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in prime Williamsburg location with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 221 N 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Prime Williamsburg Location: Close to McCarren Park, Bedford L train, and the East River waterfront.; Income‑Generating Property: Features a gut‑renovated commercial space and six luxury 1‑bedroom residential units.; High‑End Residential Units: Each unit boasts wide plank Northern Oak floors, floor‑to‑ceiling windows, and private balconies.
