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11 Beds
6 Baths
5,100 sqft

$1,299,000

116 Gatling Place, Brooklyn NY, 11209

Price per sqft$254.71
Built in1927
Property size5,100 sqft
Property typeMulti-family

Overview

Active

Listed May 14, 2026

Updated 3 days ago

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.

$8,642/mo

Est. mortgage payment based on a $1,299,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
501430

Interior Features

Bedrooms
11
Bathrooms
6
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Taxes
$24,000
Tax Frequency
Annually

Listed by Susana Chen Chong with Tiger Realty
Listing Contact: 9177089966 

Based on information from Brooklyn Board of REALTORS®. Data last updated 10/8/2026. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Denise DeLeo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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