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Listed price in listed location currency (USD).
$1,380,000

060

MLS® 501430

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 5100 sqft
Garage 
Taxes $24,000
Days Active 0
Lot Size 
Approx. Age 1927
Avg. Price Per Sqft $270
MLS® Number 501430

Property Address: 116 Gatling Place, Brooklyn, NY, 11209

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity at 116 Gatling Place, a well-maintained 6-family building located in the heart of Brooklyn. Building size is 20x85 on a unique oversized 25x125 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.
MLS® Number501430
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1927
BasementUnfinished
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2026List Date
$1,380,000List Price
  • Commute

Commute

Starting Address
Destination Address
116 Gatling Place, Brooklyn, NY

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