405-407 Gates Ave - Loft/Creative Space FOR SALE


Brooklyn, NY 11216- Bedford-Stuyvesant
$7,250,000 USD
347-908-7623
405-407 Gates Ave, Brooklyn, NY for Sale
$7,250,000 USD
Loft/Creative Space - FOR SALE
1/36
null | Request Cap Rate

405-407 Gates Ave
Brooklyn, NY 11216
Bedford-Stuyvesant


HIGHLIGHTS

  • Perfect for an owner-user seeking a substantial and adaptable space in a prime location with immediate occupancy of a portion of the retail space.
  • Located in a high-growth area experiencing significant residential and mixed-use development.
  • Potential for significant return on investment through property value appreciation and strategic development.

OVERVIEW

Meticulously renovated building in the rapidly developing Bedford-Stuyvesant/ Clinton Hill neighborhood. Offering approximately 11,250 square feet of versatile space across three floors, plus a substantial basement, this property is ideally positioned for a variety of commercial ventures and is particularly well-suited for an owner-user seeking a prominent presence in a thriving community. Historic Character with Modern Amenities: The building seamlessly blends original architectural details with contemporary upgrades, including 28-foot vaulted ceilings, oversized windows, and high-quality ceramic tile. Suitable for a wide range of commercial applications, including medical offices, urgent care facilities, daycare/senior care centers, fitness centers, spas, restaurants, retail establishments, educational facilities, and more. Proximity to the Bedford-Nostrand Avenue subway station. Accessibility and Compliance: ADA compliant, featuring a brand-new passenger elevator, multiple restrooms on each floor, and two stairwells. Advanced Infrastructure: Equipped with a new electric AC/Heating system, separate gas and electric meters for each space, supplementary gas space heaters on each floor, and provisions for ventilation. Enhanced Security: State-of-the-art security gates. Frontage: Approximately 130 feet of wrap-around frontage. Expansion is possible via a bundle deal with the adjacent development site at 403 Gates Avenue, Brooklyn, NY 11216 (1,875 SF with 5,625 BSF), available separately.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

403 Gates Avenue

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R6A

APN/PARCEL ID

01807-0056

ASK ABOUT THIS PROPERTY

Robert ShiryakCapline ConsolidatedMore Info
347-908-7623

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Robert ShiryakCapline ConsolidatedMore Info
347-908-7623

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