126 Gatling Place, Brooklyn, New York 11209
- $3,300,000
- 16
- BD
- 16
- BA
- 12,800
- SqFt
- List Price
- $3,300,000
- Price Change
- ▼ $300,000 1792519480
- Status
- ACTIVE
- MLS#
- 502979
- Bedrooms
- 16
- Full-baths
- 16
- Sq. Ft
- 12,800
- Year Built
- 2008
Property Description
Rare opportunity to own a one-of-a-kind 8-family building in prime Bay Ridge! Built in 2008, this elevated building sits on an oversized 55' × 125' lot with a massive 40' × 86' building. Features 8 spacious 2-bedroom apartments, including 2 duplex units, for a total of 16 bedrooms and 16 full bathrooms. Each apartment offers a living/dining area, modern kitchen with island, primary suite with full bath, hardwood and tile floors, sliding doors to a private balcony, and oversized windows for abundant natural light. This well-maintained building includes 4 front balconies, 2 side balconies, 4 rear balconies, elevator, intercom system, security cameras, laundry room, separate storage room for every tenant, and separate gas boilers and water heaters for each unit. A 15-foot private driveway provides one dedicated parking space for each apartment. Current annual rental income is approximately $255,000 with excellent upside potential. Conveniently located near the R train, express buses to Manhattan, Belt Parkway, Shore Road Promenade, parks, shopping, restaurants, and all the neighborhood amenities Bay Ridge has to offer. A truly unique investment property that rarely comes to market.
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Additional Information
- Lot Size
- 6,886
- Stories
- 3
- Parking Description
- 6+ Spaces
- Heat Source
- Gas
- Year Built
- 2008
- Zoning
- R5B
- Sale Type
- Arm's Length
- Bank Financing
- 1031 Exchange, Bank Mortgage, Cash
- Building Type
- Semi-Detached
- Year Built
- 2008
- Basement
- Finished, Full
- Lot Dimensions
- 125 x 55
- Building Dimensions
- 86.00 x 40.00
- Estimated Yearly Tax Amount
- $69,318
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Listing courtesy of RE/MAX Edge.