Address
126 Gatling Place, Brooklyn, NY
Price
$ 3,600,000
Property Attributes
- MLS#502979
- TypeMulti-Family
- Listing Status Active
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodBay Ridge
- Zip11209
- StyleMulti-Family
- Year Built2008
- Taxes$ 69318
- Price$ 3,600,000
- Bedrooms16
- Full Bathrooms16
- Half Bathrooms0
- Sqr Footage12800
- Lot Size0.158081 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Rare opportunity to own a one-of-a-kind 8-family building in prime Bay Ridge! Built in 2008, this elevated building sits on an oversized 55' × 125' lot with a massive 40' × 86' building. Features 8 spacious 2-bedroom apartments, including 2 duplex units, for a total of 16 bedrooms and 16 full bathrooms. Each apartment offers a living/dining area, modern kitchen with island, primary suite with full bath, hardwood and tile floors, sliding doors to a private balcony, and oversized windows for abundant natural light. This well-maintained building includes 4 front balconies, 2 side balconies, 4 rear balconies, elevator, intercom system, security cameras, laundry room, separate storage room for every tenant, and separate gas boilers and water heaters for each unit. A 15-foot private driveway provides one dedicated parking space for each apartment. Current annual rental income is approximately $255,000 with excellent upside potential. Conveniently located near the R train, express buses to Manhattan, Belt Parkway, Shore Road Promenade, parks, shopping, restaurants, and all the neighborhood amenities Bay Ridge has to offer. A truly unique investment property that rarely comes to market.
| Price History | |
|---|---|
| 7/13/2026 | Listed $3,800,000 |
| 8/29/2026 | 6$3,600,000 |
General Features
| Net Operating Income | 148334.00 |
|---|---|
| Roof | Flat |
| Zoning | R5B |
| Electric | 110 V,220 V,Circuit Breakers |
| Stories Count | 3 |
| Property Type | Residential |
| Block | 6090 |
| Cap Rate | 0.04 |
| Lot Number | 39 |
| Yearly Taxes | 69318.00 |
| Transaction Type | Sale |
| Miscellaneous Expense | 7200.00 |
| Insurance Expense | 11139.00 |
| Utility Expense | 2400.00 |
| Gross Expense | 107257.00 |
| Financing | 1031 Exchange,Bank Mortgage,Cash |
| Building Type | Semi-Detached |
| Gross Income | 255591 |
| Status | Active |
| Fuel Expense | 1200.00 |
| Total Rooms | 32 |
| Construction Materials | Brick |
| Cumulative Days on Market | 65 |
| MLS Area | Bay Ridge |
| Sub Type | Multi-Family |
| Year Built | 2008 |
| City | Brooklyn |
| Borough | Brooklyn |
| Residential Features | A/C Unit - Wall,Central Air - Split,Dishwasher,Dryer,Elevator,Refrigerator,Stove,Terrace,Washer |
| DOM | 65 |
| Sale Type | Arm's Length |
| # Families | 8 |
| Public Remarks | Rare opportunity to own a one-of-a-kind 8-family building in prime Bay Ridge! Built in 2008,this elevated building sits on an oversized 55' × 125' lot with a massive 40' × 86' building. Features 8 sp |
Interior Features
| Heating Fuel | Gas |
|---|---|
| Flooring | Hardwood,Tile |
| Hot Water | Gas |
| Full Baths | 16 |
| Building Amenities | Door – Intercom,Laundry – Card Operated,Storage rooms |
| Sq Ft Total | 12800 |
| Basement Amenities | Finished,Full |
| Beds Total | 16 |
| Total Baths | 16.00 |
Exterior Features
| Exterior | Brick |
|---|---|
| Yard | Back,Front,Side |
| Foundation | Poured Concrete |
| Lot Sq Ft | 6886 |
| Building Length | 86.00 |
| Building Width | 40.00 |
| Property Panorama YN | Yes |
| Lot Size Length | 125 |
| Lot Size Width | 55 |
| Parking Attrib | 6+ Spaces |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11209
Price
Taxes
Year Built
Visits
In The Neighborhood
Brooklyn
$ 1,799,000
- Type
- Multi-Family
- Size
- 2,592 SqFt
- Rooms
- 9 Beds + 7 Baths
Listed by: RE/MAX Edge
Brooklyn
$ 1,499,000
- Type
- Multi-Family
- Size
- 2,256 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: RE/MAX Edge
Brooklyn
$ 1,699,000
- Type
- Multi-Family
- Size
- 2,988 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Ben Bay Realty Co of Bay Ridge
Brooklyn
$ 1,450,000
- Type
- Multi-Family
- Size
- 4,920 SqFt
- Rooms
- 11 Beds + 6 Baths
Listed by: BHHS Fillmore R.E.
Brooklyn
$ 1,899,999
- Type
- Multi-Family
- Size
- 2,716 SqFt
- Rooms
- 0 Beds + 2 Baths
Listed by: RE/MAX Edge
Brooklyn
$ 1,499,000
- Type
- Multi-Family
- Size
- 2,160 SqFt
- Rooms
- 7 Beds + 3 Baths
Listed by: RE/MAX Edge
Brooklyn
$ 1,300,000
- Type
- Multi-Family
- Size
- 1,648 SqFt
- Rooms
- 7 Beds + 3 Baths
Listed by: Top Choice Realty LLC
Brooklyn
$ 1,888,000
- Type
- Multi-Family
- Size
- 3,160 SqFt
- Rooms
- 7 Beds + 5 Baths
Listed by: Ben Bay Realty Co of Bay Ridge
Brooklyn
$ 1,995,000
- Type
- Multi-Family
- Size
- 3,255 SqFt
- Rooms
- 7 Beds + 3 Baths
Listed by: RE/MAX Real Estate Professiona
Brooklyn
$ 1,120,000
- Type
- Multi-Family
- Size
- 1,080 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: RE/MAX Edge
Brooklyn
$ 3,698,000
- Type
- Multi-Family
- Size
- 3,318 SqFt
- Rooms
- 7 Beds + 2.5 Baths
Listed by: Century 21 Awaye Realty
Brooklyn
$ 2,588,000
- Type
- Multi-Family
- Size
- 3,250 SqFt
- Rooms
- 6 Beds + 5 Baths
Listed by: Ben Bay Realty Co of Bay Ridge
Brooklyn
$ 1,329,000
- Type
- Multi-Family
- Size
- 2,016 SqFt
- Rooms
- 6 Beds + 1.5 Baths
Listed by: Century 21 Realty First
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