476 Gates Ave - Apartments FOR SALE


Brooklyn, NY 11216- Bedford-Stuyvesant | 
$4,100,000 USD
347-486-4467
476 Gates Ave, Brooklyn, NY for Sale
$4,100,000 USD
Apartments - FOR SALE
1/22
null | 5.81% Cap Rate

476 Gates Ave
Brooklyn, NY 11216
Bedford-Stuyvesant


HIGHLIGHTS

  • Seven-unit multifamily building in Bedford-Stuyvesant.
  • Located near the A, C, J, and Z subway lines.
  • Five-story property constructed in 1899.
  • Positioned along an established Brooklyn residential corridor.
  • Surrounded by neighborhood retail, dining, and community amenities.

OVERVIEW

SP Capital Group is pleased to present 476 Gates Avenue, a fully occupied 7-unit free-market multifamily building located in the Bedford-Stuyvesant section of Brooklyn. The property is a 5-story walk-up totaling approximately 4,870 SF on a 20’ x 80’ lot. The unit mix consists of 1 studio, 4 one-bedroom apartments, and 2 four-bedroom / two-bath apartments. All 7 units are free market, providing investors with flexibility and long-term rental upside. Located near Gates Avenue and Marcy Avenue, the property is surrounded by restaurants, retail, schools, parks and neighborhood amenities, with convenient access to Fulton Street and the A and C subway lines. Highlights include: 7 free-market residential units Fully occupied Approximately 4,870 SF building 1 studio, 4 one-bedrooms and 2 four-bedroom / two-bath units Strong in-place income R6A zoning Bedford-Stuyvesant location Asking Price: $4,100,000

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$842 USD /SF

# OF UNITS

7

PRICE/UNIT

$585,714

CAP RATE

5.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,502 SF

ZONING

R6A

APN/PARCEL ID

01814-0005

ASK ABOUT THIS PROPERTY

Yona GolranSP Capital Group LLCMore Info
347-486-4467

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Yona GolranSP Capital Group LLCMore Info
347-486-4467

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