ID 10373

FOUR STORY BROWNSTONE APARTMENT BUILDING FOR SALE
EXCELLENT INVESTMENT/USER OPPORTUNITY
GATES AVENUE
BROOKLYN, NEW YORK

Lot Size: 18’ x 120’
Building Size: Basement: 18’ x 45’ = 810 1st Floor: 18’ x 45’ = 810
2nd Floor: 18’ x 45’ = 810
3rd Floor: 18’ x 45’ = 810
4th Floor: 18’ x 45’ = 810
Stories: Four (4)
Gross Square Feet: 3,240 (Approximately) Above Grade

Zoning: (FAR)
Total Buildable Square Feet:
R6B (2.0) Height Limit 50’ 4,320

Total Available Air Rights: 1,080

Assessment:
Real Estate Taxes:
$69,814 (25/26) $8,684.16

Description: A 18’ wide eight-unit, four story brownstone apartment building. The property has two studio apartments per floor, except for the
fourth floor which has a one-bedroom apartment to the back, and a studio at the front.
The apartments are big and spacious with a living/eating area, a full kitchen and bathroom. Nice wood floors, the units get great sunlight. The apartments have 10’ ceilings, they are individually metered for
gas and electric. The meters, gas boiler and water heater are in the basement.
The units are rent stabilized with stable cash flow. The property is located on beautiful residential block with mostly brownstone
townhouses and single family homes. Located in prime Bedford
Stuyvesant, which has fine retail stores, restaurants and is under lots of development. The A, C and G trains are each five blocks away.
The property is a prime investment opportunity because the units have stable income. Long term wise, if the tenants leave or are
bought out the units can be converted into floor-through apartments. The property would now be a four unit building, which would take it out of rent stabilization.

The property is also a great user opportunity, a user can occupy
one of the units and leave the other apartments as rental income.
Actual Income:
Unit Description Unit Type Revenue Lxp

First Floor: 1 2
Studio-Apt Studio-Apt
Rent Stabilized Rent Stabilized
$1,225.13 $1,596.50
7/31/26 12/31/26

Second Floor 3 Studio-Apt Rent Stabilized $1,547.36
9/30/26

, 4 Studio-Apt Rent Stabilized $1,829.53 1/31/27

Third Floor 5 6
Fourth Floor 7 8
Studio-Apt
Studio-Apt
Studio-Apt
One Bedroom-Apt
Rent Stabilized Rent Stabilized
Rent Stabilized Rent Stabilized
$1,529.08 $1,858.21
$1,217.07 $2,259.40
4/30/26 7/31/26
2/28/27 11/16/26

Total Monthly Income: $13,062.28 Total Annual Income: $156,747.36
Expenses

Real Estate Taxes: $8,684.16
Water & Sewer: $3,200

Electricity: (Common Areas) Heat (Gas):
$1,250 $4,200

Insurance: $3,200

Repairs & Maintenance: Management: 3%
Super:
Total Expenses:
$2,350
$4,702.42
$2,400.00
$29,986.58
Net Operating Income: $126,760.78

ASKING PRICE: $2,000,000.00 + FEE Cap Rate 6.3%




USAPROPERTYSALE@GMAIL.COM