**Marcus & Millichap Brokers $6.25M Sale of Loft-Style Mixed-Use Property in North Williamsburg**
Marcus & Millichap has announced the closing of 167 N. 9th Street in Brooklyn, a 14-unit mixed-use property located in the heart of North Williamsburg. The 17,934-square-foot building sold for $6,250,000 and stands as one of the last remaining authentic loft-style brick buildings in the area.
“This sale follows several other IMD loft buildings we’ve closed in the immediate area,” said Shaun Riney of Marcus & Millichap. “With expert knowledge of the Loft Board process and legalization regulations, our team stands out as the dominant choice for these types of NYC buildings. 167 N. 9th St. offered an exceptional blend of location and character, making it a standout opportunity in North Williamsburg.”
Riney, alongside Michael Salvatico—both investment specialists based in Marcus & Millichap’s Manhattan office—represented the seller and also secured the buyer, a group of local private investors.
The property features 10 residential units and four commercial spaces across three stories, with an additional 5,026 square feet of basement space, offering both strong historic character and development potential in one of Brooklyn’s most sought-after neighborhoods.
