Multi Family, 460 9th Street #, Park Slope - Real Estate New York

Description

DELIVERED VACANT! | 4-STORY BROWNSTONE | ORIGINAL DETAILS A rare ~3,270 SF canvas in one of Brooklyn's most desirable and resilient markets. Whether you envision a sprawling single-family masterpiece or an expansive owner's triplex with premium rental income, this charming brownstone offers endless potential. THE FINANCIAL ADVANTAGE * Massive Income Potential: The top two floors are newly renovated and project $10,000/month ($120,000/year) in rental income. * Subsidize Your Lifestyle: This income effectively cuts carrying costs in half, making a premium Park Slope purchase highly attainable. * Investor Ready: Also functions perfectly as a turnkey investment property, offered at a 4.5% Cap Rate. PROPERTY HIGHLIGHTS * Size: ~3,270 Sq. Ft. across 4 full stories, plus a cellar. * Modern Upgrades: Split-unit central AC/heat and in-unit washer/dryers in all units. * Historic Charm: Classic bay window, 5 beautiful marble fireplaces, original hardwood floors, and ornate moldings with ceiling medallions. CURRENT CONFIGURATION * Cellar: Unfinished (Incredible potential for a rec room, home theater, or gym) * 1st Floor (Garden Level): 3 Bed / 2 Bath (Duplexed with the rear of the parlor floor) * 2nd Floor (Parlor Level): Front Studio / Rear is duplexed with the garden level * 3rd Floor: 2 Bed / 1 Bath - Newly Renovated (Projected $5,000/mo) * 4th Floor: 2 Bed / 1 Bath - Newly Renovated (Projected $5,000/mo) PROPOSED USAGE * Owner's Triplex: Combine the Cellar, 1st Floor, and 2nd Floor into a massive custom home. * Rentals: Retain the turnkey 3rd and 4th floors for $120,000/year in gross rental income. LOCATION & TRANSPORTATION * Just two blocks from iconic Prospect Park. Enjoy weekend farmers' markets, endless green space, and the vibrant dining and boutique scenes along 5th Ave, 7th Ave, and 9th Street. * F/G Lines: Steps away at the 7th Ave Station for an effortless commute. * F/G/R Lines: A short walk to the 4th Ave-9th St Station. * 2/3 Lines: Easily accessible at Grand Army Plaza. ...
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Property Details

Multi Family

Amenities

Private Outdoor Space Over60 Sqft
Cooling: Other

Crown Molding, High Ceilings
Pets: Building No, No

The Neighborhood

Park
Slope

Park Slope, with its tree-lined streets and immaculate brownstones, has a small-town feel and social cohesion that’s unusual in the city.

It’s a place where activities for children are unending, shopkeepers know their customers and people stop in the street to chat. Even as the park-side homes are buffed to a high polish, the area still offers a variety of experience: There are scores of restaurants and bars; a diverse retail sector; multiple Farmer’s Markets, including Grand Army Plaza’s; and Prospect Park with its fantastic bandshell, baseball fields, zoo, botanic ... read more

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For information on 460 9th Street, # contact:

Jacob Goldman

Founder, Principal Broker

212-388-1115

Founder, Principal Broker
listings@lohorealty.com
212-388-1115

Listing courtesy of Compass