116 Gatling Pl
Listing Notes
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 expenses, this property is a standout investment opportunity. Conveniently located near 86st main commercial district, restaurants, schools, parks, and public transportation, the neighborhood continues to see strong rental demand and steady growth.
Price in context
Cheaper than 46% of the 24 homes listed nearby right now, which run $730,000 to $1,600,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 423 95th St Apt 2H | $730,000 | 1 bd · 1 ba |
| 401 95th St Apt G3 | $780,000 | 2 bd · 2 ba |
| 516 92nd St | $938,000 | 3 bd · 3 ba |
| 409 92nd St | $960,000 | 3 bd · 3 ba |
| 516 92nd St | $988,000 | 3 bd · 2 ba |
| 101 Battery Ave Apt 2A | $1,100,000 | 3 bd · 2 ba |
| 101 Battery Ave Apt 2A | $1,100,000 | 3 bd · 2 ba |
| 101 Battery Ave Apt 2A | $1,100,000 | 3 bd · 2 ba |
| 119 Battery Ave | $1,100,000 | 4 bd · 3 ba |
| 233 Battery Ave | $1,175,000 | 3 bd · 2 ba |
| 478 85th St | $1,188,000 | 3 bd · 2 ba |
| 185 Battery Ave Apt 2A | $1,199,000 | 2 bd · 3 ba |
| 652 88th St | $1,249,000 | 3 bd · 2 ba |
| 411 88th St | $1,299,000 | 11 bd · 6 ba |
| 8832 7th Ave | $1,300,000 | 4 bd · 3 ba |
| 106 Gatling Pl | $1,388,000 | 6 bd · 5 ba |
| 9518 Fort Hamilton Pkwy | $1,388,000 | 6 bd · 3 ba |
| 133 Gelston Ave | $1,389,000 | 7 bd · 4 ba |
| 9004 Fort Hamilton Pkwy | $1,449,000 | 5 bd · 3 ba |
| 558 84th St | $1,450,000 | 5 bd · 3 ba |
| 33 Battery Ave | $1,485,000 | 5 bd · 2 ba |
| 26 Parrott Pl | $1,555,000 | 4 bd · 3 ba |
| 572 92nd St Unit Multi | $1,599,000 | 7 bd · 5 ba |
| 110 Gatling Pl | $1,600,000 | 7 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more