Updated 4 years ago
Sold
459 9th Street
Park Slope, Brooklyn | 7th Ave & 8th Ave
3,600 Square FeetMulti-Family
$2,600,000
floors / apts4 / 4
Lot Size20'x100'
ZoneR6B
Building TypeTownhouse
RE Taxes$11,486
Price Per SF
$722
This property was sold for $2,650,000 on 12/02/22.
Building Amenities
- Voice Intercom
Property Description for 459 9th Street
Excellent investment opportunity in the heart of Park Slope. Own a 4-unit income producing property in this thriving neighborhood at a competitive purchase price and price per square foot. Lock into a steady income stream with capital appreciation potential before interest rates rise further. Listed rents on 1 BR rental apartments in Park Slope have increased over 20% in the past year. Given the scarcity of rental inventory and continued high demand, further increases in monthly rental rates are forecasted for the foreseeable future. This is a great time to capitalize on rising property values and rental demand.
As currently configured, the property is perfectly suited for an investor or end-user looking to live in one of the units and rent the remaining units at a low net carrying cost. With tenants in place and existing cash flow, the building is well suited for buyers choosing to finance their purchase. For those looking to convert the building into a one or two-family home or further develop it into separate condo units, this property provides ample room for a renovation budget at the current offering price.
This multi-family townhome comprises four spacious, well laid-out apartments, including: a garden level 1 BR duplex with basement rec room and fully landscaped garden on the ground floor, a 1-BR apartment on the parlor floor, and two 2- BR apartments (or 1BR plus home office) on the third and top floors respectively. The building has been well maintained with recent updates including: restoration and painting of the rear fire escape, newly painted roof, re-plastering and painting of the common hallways and refinishing of the vestibule door. Each unit has also been updated over the past five years with new/upgraded appliances and bathroom fixtures. Three of the units include a dishwasher. The apartments have south-facing living rooms with ample natural light, original parquet and wide plank wood floors, exposed brick, and decorative mantlepieces.
Located in Park Slope's Historic District on tree-lined 9th Street among a diverse mix of classically inspired and architecturally significant townhomes, this well cared-for home combines a traditional neighborhood aesthetic with all the conveniences that make the neighborhood so immensely desirable; among its many benefits: easy access to transportation ( 1/2 block to the F/G line at 7th Avenue), Prospect Park just 1 block away, and extensive shopping and restaurants all located within a few blocks in every direction. Additionally, given its three-block proximity to New York Presbyterian Brooklyn Methodist Hospital, the property is immensely attractive to hospital staff desiring live/work convenience.
Heat and hot water for the units are currently paid by landlord. Separately metered for electricity and gas. Currently units are occupied with leases terminating between Feb 2023 and May 2023, and alternative buyer tenancy preferences are negotiable.
Showings are by appointment ONLY. Building set-up available upon request. Contact listing agents for all.
As currently configured, the property is perfectly suited for an investor or end-user looking to live in one of the units and rent the remaining units at a low net carrying cost. With tenants in place and existing cash flow, the building is well suited for buyers choosing to finance their purchase. For those looking to convert the building into a one or two-family home or further develop it into separate condo units, this property provides ample room for a renovation budget at the current offering price.
This multi-family townhome comprises four spacious, well laid-out apartments, including: a garden level 1 BR duplex with basement rec room and fully landscaped garden on the ground floor, a 1-BR apartment on the parlor floor, and two 2- BR apartments (or 1BR plus home office) on the third and top floors respectively. The building has been well maintained with recent updates including: restoration and painting of the rear fire escape, newly painted roof, re-plastering and painting of the common hallways and refinishing of the vestibule door. Each unit has also been updated over the past five years with new/upgraded appliances and bathroom fixtures. Three of the units include a dishwasher. The apartments have south-facing living rooms with ample natural light, original parquet and wide plank wood floors, exposed brick, and decorative mantlepieces.
Located in Park Slope's Historic District on tree-lined 9th Street among a diverse mix of classically inspired and architecturally significant townhomes, this well cared-for home combines a traditional neighborhood aesthetic with all the conveniences that make the neighborhood so immensely desirable; among its many benefits: easy access to transportation ( 1/2 block to the F/G line at 7th Avenue), Prospect Park just 1 block away, and extensive shopping and restaurants all located within a few blocks in every direction. Additionally, given its three-block proximity to New York Presbyterian Brooklyn Methodist Hospital, the property is immensely attractive to hospital staff desiring live/work convenience.
Heat and hot water for the units are currently paid by landlord. Separately metered for electricity and gas. Currently units are occupied with leases terminating between Feb 2023 and May 2023, and alternative buyer tenancy preferences are negotiable.
Showings are by appointment ONLY. Building set-up available upon request. Contact listing agents for all.
Listing History for 459 9th Street
Now
12/02/2022
$2,650,000
Sold and Closed by Steven Segretta
Brown Harris Stevens Residential Sales LLC
08/25/2022
Contract Signed by Steven Segretta
Brown Harris Stevens Residential Sales LLC
Building Details for 459 9th Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts4/4
Transit and Citi Bike
Subway
7 Av
0.03 miles
15 St-Prospect Park
0.44 miles
4 Av-9 St
0.5 miles
Citi Bike
10 St & 7 Ave
0.08 miles
6 St & 7 Ave
0.15 miles
Park Slope | Brooklyn
Quick Profile
Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.
Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?).
Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church.
Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway).
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 86553TH
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