Three-Story Mixed-Use Building in Park Slope

326 A 9th Street

Park Slope

Cross Streets 5th & 6th Avenue
Gross SF 2,788
Stories 3
Lot SF 1,296
Subways
f
g
n
r
w
Buses
B61, B57, B77
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Mixed-Use 326 A 9th Street, Park Slope
Matthew Cosentino
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Details

Residential Units 2
Commercial Units 1
Gross Residential SF 1,492
Gross Commercial SF 1,296

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 326 A 9th Street, a mixed-use building located in the heart of Park Slope, on 9th Street between 5th and 6th Avenue.

This three-story, 2,788 SF building, offers the opportunity to obtain a free-market, tax protected property in one of Brooklyn’s prime neighborhoods. The building consists of two floor-through residential units above the commercial space occupied by H&R Block. H&R Block is a very strong retail tenant that has occupied this space for over 20 years. Currently, the building generates a gross annual income of ~$107,000 and a net operating income of ~$93,000. The free-market residential units are rented below market and at market rents the property could generate ~$130,000/year in gross income. The building expenses are very low as the retail tenant pays the entire yearly tax bill.

Attractions

This location benefits from heavy foot traffic and has renowned neighboring commercial tenants such as New York Sports Club, HSBC & Verizon.

The property also sits close to multiple transit options, with access to the F, G, D, N, R & W trains about a block away.

The Owl Farm
South Slope
Chela
Mexico Autentico
Barbes

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