765 9th Street

Description

Welcome to 765 East 9th Street — a rare, long-held 6-family building in the heart of Midwood, Brooklyn. Owned by the same family for nearly 60 years, this exceptionally well-maintained property offers tremendous versatility, strong income, and the opportunity to add significant value. Currently used as a 5-family, the building can easily be converted back to its original 6-family layout, making it ideal for both investors and end-users. The first-floor features a large combined owner’s apartment, created from two units and never rent stabilized—allowing the future owner to establish first rent if reconfigured. This expansive residence offers 8 well-proportioned rooms, including a kitchen, dinette area, living room, formal dining room, 4 bedrooms, and 2 full bathrooms. Whether used as a spacious owner’s suite or restored into two separate units, it provides extraordinary flexibility and value. The second and third floors each contain two apartments per floor, with every unit offering 4 rooms total, including 2 bedrooms, serving long-standing, reliable, good-paying tenants. The property also includes a full semi-finished basement, featuring: Laundry room 3/4 bathroom Boiler/utility room Large open room with direct access to the rear yard With strong existing rents, stable tenancy, and additional upside potential, this building is an excellent income-producing investment, with the ability to reach an estimated 5.28% cap rate. Located on a quiet residential block near Kensington and surrounded by transportation, houses of worship, shopping, and schools, 765 East 9th Street is truly a rare opportunity in an in-demand neighborhood. First time on the market in decades — don’t miss it!

Property Details

Cooling

None

Heating

Oil

Basement

Full, Partially Finished, Walk-Out Access