11 W 9th Street
About This Property
Rare chance to secure a 2000 square foot lot in one of Brooklyn's most promising growth corridors. This site at 11 West 9th Street sits only a 7 minute drive from the new movie studio project that is expected to bring major economic activity, thousands of jobs, and a wave of investment into Red Hook.
Why this lot stands out
• Strong location near the Brooklyn waterfront
• Perfect for an infill development or long term hold
• Positioned to benefit from the surge in demand once the studio opens
• Competitive pricing at 505K
• Located in a neighborhood that is already attracting creative companies, new construction, and serious investor attention
Red Hook is on the verge of a major transformation driven by the studio development and the businesses that will follow. This lot gives a buyer front row access to that growth.
Message me for details, zoning information, or a showing.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2026 | No longer available | - | |
| No longer available | |||
| Dec 2, 2025 | Price Decreased |
$490,000
↓ $20K
(3.9%) | |
| Price Decreased | |||
| Nov 17, 2025 | Listed by Highline Real Estate Services | $510,000 | |
| Listed by Highline Real Estate Services | |||
| Mar 22, 2011 | Sold | ||
| Sold | |||
| Feb 15, 2007 | Sold | ||
| Sold | |||
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About South Brooklyn
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017