264 N 9th St

2 Unit Apartment Building $5,027,575 CAD ($2,513,788 CAD/Unit) Brooklyn, NY 11211

Investment Highlights

  • Prime Williamsburg!
  • Condos selling for over $1,500/SF in immediate vicinity!
  • 6,750 BSF as of right or 9,000 BSF with IH/IH Certs!

Executive Summary

Back on the market: Introducing 264 N. 9th Street, a two-family in Prime North Williamsburg with a 450 SF above grade garage!
For developers, this 2,500 SF lot is in mixed-use zoning (R6A/M1-2/IH) with an as-of-right FAR of 2.7 (6,750 BSF) and an FAR of 3.6 (9,000 BSF) with the inclusionary bonus and/or purchase of inclusionary housing certificates.
For an end-user, this offers the opportunity to renovate and expand upon the existing two-family home and maintain the curb cut/garage in a neighborhood where it's exceedingly uncommon to have private parking.
The building has been lovingly maintained by the same family for decades and is one of the last opportunities in the area.
Feel free to reach out with questions about zoning, an architectural study about keeping the curb cut, or to set up a showing!

Attachments

264 N 9th OM
264 N 9th Pro Forma

Property Facts Under Contract

Price $5,027,575 CAD
Price Per Unit $2,513,788 CAD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.06 AC
Building Size 2,075 SF
No. Stories 2
Year Built 1912
Parking Ratio 1.45/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 2 - -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (93)

zoning

Zoning Code R6A / M1-2 / IH (6,750 BSF as of right / 9,000 BSF with IH Certs)
  • Listing ID: 29741828

  • Date on Market: 2023-10-09

  • Last Updated:

  • Address: 264 N 9th St, Brooklyn, NY 11211