$1,299,000
 $6,973 est/mo Sourced by Back At You

116 Gatling Place,Brooklyn, NY 11209

Brooklyn, NY 11209

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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.

Details

MLS #501430
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1927
Days On Site131
Listing Provided ByTiger Realty | Susana Chen Chong

Features

Bed(s)11
SQ Feet5,100
BasementY
Story(s)3
Units6
ZoningR5B

Interior

Heating FuelGas

Exterior

ExteriorBrick
RoofFlat
Construction MaterialsBrick
Foundation DetailsStone

Parking

Parking AttributesNone
Parking Feature SingleStreet

Utilities

Electric110 V

Taxes

Tax Amount24000.00

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11209
AreaBrooklyn
SubareaBensonhurst
Listing VS Median (in 11209)
Price:
$1,299,000
low | high
Med:
$699,000
96.189376443418% of Average
sqft:
5,100
low | high
Med:
1,100
100% of Average
$ / sqft:
$255
low | high
Med:
$635
99.485618307789% of Average
On site:
131
low | high
Med:
99
100% of Average
Sourced by Back At You

Market Activity 11209

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Learn More About This Property

Gregory Kyroglou

Gregory Kyroglou

Modern Spaces New York

 (917) 916-6776greg@modernspaces.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11209
AreaBrooklyn
SubareaBensonhurst
Listing VS Median (in 11209)
Price:
$1,299,000
low | high
Med:
$699,000
96.189376443418% of Average
sqft:
5,100
low | high
Med:
1,100
100% of Average
$ / sqft:
$255
low | high
Med:
$635
99.485618307789% of Average
On site:
131
low | high
Med:
99
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $974K - $1.623M
sqft: 3,500 - 6,000
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Listing Updated: August 2, 2026 at 11:11:36 AM PDT
Gregory Kyroglou
(917) 916-6776
Astoria - 29-20 23rd Ave.
Astoria, New York 11105

Gregory Kyroglou - Modern Spaces New York