116 Gatling Place
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 54% of the 24 homes listed nearby right now, which run $849,000 to $1,999,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 9315 Lafayette Walk 1 | $849,000 | 2 bd · 2 ba |
| 370 91st Street 3C | $874,995 | 2 bd · 2 ba |
| 370 90th Street 1D | $950,000 | 2 bd · 2.5 ba |
| 409 92nd Street | $975,000 | 3 bd · 3 ba |
| 516 92nd Street | $988,000 | 3 bd · 2 ba |
| 367 86th Street | $1,200,000 | 11 bd · 6 ba |
| 342 89th Street MULTI-FAMILY | $1,290,000 | 8 bd · 6 ba |
| 46 Gatling Place | $1,299,000 | 3 bd · 2 ba |
| 411 88th Street 6 FAM | $1,299,000 | 11 bd · 6 ba |
| 372 92nd Street 1B | $1,309,000 | 3 bd · 3 ba |
| 938 83rd Street 2A | $1,358,000 | 3 bd · 3 ba |
| 372 92nd Street 2B | $1,385,000 | 3 bd · 3 ba |
| 9518 Fort Hamilton Pkw | $1,388,000 | 6 bd · 7.5 ba |
| 558 84th Street | $1,450,000 | 5 bd · 3 ba |
| 8112 6th Avenue | $1,450,000 | 5 bd · 3 ba |
| 324 91st Street 1 | $1,498,000 | 11 bd · 6 ba |
| 401 95th Street 6A | $1,675,000 | 3 bd · 3 ba |
| 480 84th Street | $1,680,000 | 7 bd · 2.5 ba |
| 359 88th Street | $1,685,000 | 3 bd · 3.5 ba |
| 9052 Fort Hamilton Parkwa 1 | $1,700,000 | 7 bd · 5 ba |
| 315 89th Street 3 | $1,825,000 | 7 bd · 4 ba |
| 561 83rd Street | $1,880,000 | 7 bd · 8 ba |
| 348 86th Street | $1,899,000 | 6 bd · 3 ba |
| 9302 4th Avenue 1 | $1,999,000 | Studio · 1 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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