About This Home
This 11-bedroom, 6-bathroom residential multi family at 116 Gatling Place in Brooklyn, NY is listed for $1,299,000 ($255 per sqft). Built in 1927, the home offers 5,100 sqft of living space on a 0.07 acres lot.
Key Features
- Built in 1927
- 0.07 acre lot
- 3 stories
Property Details
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.
Monthly Cost Estimate
$6,947/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
116 Gatling Place
Brooklyn, NY 11209
Features & Amenities
Interior Features
Property Details
Construction
Questions & Answers
This 11-bedroom, 6-bathroom residential multi family at 116 Gatling Place is listed at $1,299,000 ($255/sqft). The estimated monthly payment is $6,947 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
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 9177089966.