96 S 9th St
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96 S 9th St
8 Unit Apartment Building $6,999,000 ($874,875/Unit) 5.90% Cap Rate Brooklyn, NY 11211
Investment Highlights
- Steps away from the South Williamsburg Ferry
Executive Summary
The New York Multifamily team at Marcus & Millichap is pleased to exclusively offer 96 South 9th Street, in Prime Williamsburg Brooklyn. This is a brand-new construction building, completed in 2024. The property is steps away from the South Williamsburg Ferry, Oosten at 429 Kent Avenue, etc. This 8-unit Multifamily Property is being offered at an asking price of $6,999,000.
If you are interested in this or would like more information, please contact the listing team.
If you are interested in this or would like more information, please contact the listing team.
Property Facts
| Price | $6,999,000 | Property Subtype | Apartment |
| Price Per Unit | $874,875 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.90% | Lot Size | 0.05 AC |
| Sale Conditions | 1031 Exchange | Building Size | 8,400 SF |
| Gross Rent Multiplier | 13.8 | No. Stories | 4 |
| No. Units | 8 | Year Built | 2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $6,999,000 |
| Price Per Unit | $874,875 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 13.8 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 8,400 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Basement
Site Amenities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,000 - 1,200 |
| 2+1 | 5 | - | 680 - 800 |
| 1+1 | 1 | - | 480 |
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Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (97)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $457,200 | |
| Land Assessment | $595,800 | Total Assessment | $1,053,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$595,800
Improvements Assessment
$457,200
Total Assessment
$1,053,000
zoning
| Zoning Code | R6 (Low density residential district) |
| R6 (Low density residential district) |
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96 S 9th St
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