1004 Gates Ave - Office FOR SALE


Brooklyn, NY 11221
$9,700,000 USD
914-406-9257
1004 Gates Ave, Brooklyn, NY for Sale
$9,700,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

1004 Gates Ave
Brooklyn, NY 11221


HIGHLIGHTS

  • Turnkey Asset with 40’ of Frontage
  • Fully Occupied Elevator Building
  • $494,245 Preferential-to-Legal Rent Spread
  • $1,381,093 in Tax Savings until 2034

OVERVIEW

Avison Young has been exclusively engaged by ownership to offer for sale 1004 Gates Avenue, a seven-story, 40’ elevator building located on the south side of Gates Avenue between Ralph Avenue and Broadway in the heart of Bedford-Stuyvesant (Bed-Stuy), Brooklyn. The property spans 19,130 SF and consists of twenty-seven (27) residential units. The buildings were significantly expanded and renovated in 2019 and benefit from a J-51 Tax Abatement until 2034.

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,733 SF

ZONING

C4-3

APN/PARCEL ID

01480-0014

ASK ABOUT THIS PROPERTY

Fritz RichterAvison YoungMore Info
914-406-9257

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Fritz RichterAvison YoungMore Info
914-406-9257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.