771 E 9th St Brooklyn, NY 11230
Midwood NeighborhoodEstimated payment $9,002/month
Highlights
- Brownstone
- Wood Flooring
- Heating System Uses Steam
- Ditmas Junior High school Rated A-
- Brick Front
- Back Yard
About This Home
Turnkey 6 Family Investment in Excellent Condition
Located in the desirable Kensington/Flatbush area, this well-maintained semi-detached 6-family brick building presents a rare opportunity to acquire a fully occupied, income-producing asset in excellent condition.
The property consists of three stories plus a full basement and features six spacious units, primarily 3-bedroom layouts, a highly desirable configuration that supports long-term tenant stability and consistent demand. Income & Performance: The building generates approximately $138,800+ in annual gross income with all units currently occupied. Operating expenses are approximately $43,000+ plus real estate taxes (~$22,787), providing a stable, predictable cash flow profile. Investment Highlights:
•Fully occupied, immediate income from day one
•Excellent building condition, minimal near-term capital expenditure
•Strong unit mix with large 3 bedroom apartments
•Long-term hold with consistent rental demand
•Solid Brooklyn location with established tenant base Property Features:
•Approx. 5,000 sq ft building
•Semi-detached brick construction
•Hardwood and tile flooring throughout
•Full basement for storage/mechanical
•Rear yard Location: Conveniently situated near public transportation, shopping, schools, and major roadways, offering easy access throughout Brooklyn and into Manhattan.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,787
Year Built
- Built in 1925
Lot Details
- 2,667 Sq Ft Lot
- Lot Dimensions are 100 x 26
- Back Yard
Parking
- On-Street Parking
Home Design
- Brownstone
- Flat Roof Shape
- Poured Concrete
- Brick Front
Interior Spaces
- 5,000 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 17 Bedrooms
- 6 Full Bathrooms
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6497
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $5,325
- Insurance Expense $5,517
- Utility Expense $1,002
- Gross Income $138,802
- Net Operating Income $91,135
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,925 | $362,700 | $8,100 | $354,600 |
| 2024 | $21,925 | $302,400 | $8,100 | $294,300 |
| 2023 | $21,513 | $252,000 | $8,100 | $243,900 |
| 2022 | $20,728 | $303,750 | $8,100 | $295,650 |
| 2021 | $19,243 | $357,300 | $8,100 | $349,200 |
| 2020 | $8,779 | $391,950 | $8,100 | $383,850 |
| 2019 | $17,014 | $372,600 | $8,100 | $364,500 |
| 2018 | $17,158 | $134,904 | $2,529 | $132,375 |
| 2017 | $16,576 | $130,321 | $2,823 | $127,498 |
| 2016 | $15,557 | $120,668 | $2,963 | $117,705 |
| 2015 | $10,100 | $111,980 | $3,299 | $108,681 |
| 2014 | $10,100 | $103,773 | $3,113 | $100,660 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/20/2026 04/20/26 | For Sale | $1,349,000 | -- | $270 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 500555
APN: 06497-0060
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