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116 Gatling Place, Brooklyn, New York, 11209

$1,299,000

11

Beds

Bathrooms

5,100

Building Sqft

0.07

Acres

3,127

Lot Sqft

About 116 Gatling Place

Excellent investment opportunity at 116 Gatling Place, a well-maintained 6-family building located in the heart of Brooklyn. Building size is 20×85 on a unique oversized 25×125 lot, providing an expansive backyard space rarely found in other six-family properties.

This income-producing property offers strong cash flow with additional upside potential, featuring one free-market apartment and two vacant units ready for new tenants or owner occupancy. The building consists primarily of spacious 2-bedroom apartments and presents an attractive return for investors seeking long-term growth and stable rental income.

With a fair annual property tax of only $24,776 and relatively low operating expenses, this property is a standout investment opportunity. Conveniently located near 86st main commercial district, restaurants, schools, parks, and public transportation, the neighborhood continues to see strong rental demand and steady growth.

Features of 116 Gatling Place

MLS® #
501430
Bedrooms
11
Acres
0.07
Type
Residential
Price
$1,299,000
Square Footage
5,100
Year Built
1927
Sub-Type
Multi-Family

Community Information

Address
116 Gatling Place
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11209

Listing Information

Agent Name
Susana Chen Chong
Agent Office
Tiger Realty

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(718) 987-7900