$1,299,000
Active
180 days on market
116 Gatling Pl
📍 Brooklyn, Brooklyn, NY 11209
11.0
Beds
6.0
Baths
5,100
Sqft
$255
Per sqft
1927
Year built
Land
Type
About this property
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 expen
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Amenities & features
Key facts
Strong rental demand
Steady growth
Oversized lot
Property details
Property typeLand
Listing statusActive
Lot size3,127 sqft
Year built1927
Days on market180 days
MLS #501430
Estimated monthly payment
Listing price$1,299,000
Down payment (20%)$259,800
Loan amount$1,039,200
Principal & interest (7%, 30yr)$6,913/mo
Property tax (est.)$1,263/mo
Home insurance (est.)$541/mo
Estimated total$8,717/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.



