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About This Home

This 11-bedroom, 6-bathroom residential multi family at 116 Gatling Place in Brooklyn, NY is listed for $1,380,000 ($271 per sqft). Built in 1927, the home offers 5,100 sqft of living space on a 0.07 acres lot.

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.

Key Features

  • Built in 1927
  • 0.07 acre lot
  • 3 stories

Property Details

3 stories
6 full
1927

Monthly Cost Estimate

$7,381/mo

20% down · 6.5% · 30 years

Principal$998
Interest$5,980
Insurance$403

Estimates only. Actual payments may vary.

Location

116 Gatling Place

Brooklyn, NY 11209

Features & Amenities

Interior Features

RefrigeratorStove

Property Details

Construction

Brick

Questions & Answers

This 11-bedroom, 6-bathroom residential multi family at 116 Gatling Place is listed at $1,380,000 ($271/sqft). The estimated monthly payment is $5,980 based on 20% down at 6.5% interest.

Key features include: Built in 1927, 0.07 acre lot, 3 stories. Interior Features: Refrigerator, Stove.

This property is listed by Susana Chen Chong and can be reached at (917) 708-9966 or susanachenrealestate@gmail.com.

SC

Susana Chen Chong

Agent at Tiger Realty

(917) 708-9966

Listed by Tiger Realty · View on Broker Site

MLS# 501430· Source: listhub· Updated 18 days ago

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116 Gatling Place, Brooklyn, NY 11209

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