Multifamily
555-561 Gates Avenue
555 Gates Ave, Brooklyn, NY 11221
Listing Price: $8,500,000
Investment Overview
Marcus and Millichap is pleased to offer 555-561 Gates Avenue. Located in the heart of Bedford-Stuyvesant, one of Brooklyn’s most rapidly evolving neighborhoods, 555-561 Gates Avenue presents the opportunity to acquire a stabilized and cash-flowing multifamily asset with meaningful upside. 30 residential units & 3 commercial units spread across two identical 4-story buildings. This property offers long-term benefits of a J-51 tax abatement and remaining 1,692 square feet of air rights.
555-561 Gates Avenue
Investment Highlights
- 555-561 Gates Avenue, built in 1910, spans 4 stories, and stands approximately 19308 sq ft.
- This is a mixed unit portfolio comprised of 30 Residential Units & 3 Commercial Units.
- Located in the heart of Bedford-Stuyvesant, one of Brooklyn's most vibrant neighborhoods with quick connections to many different transportation options via Subway and bus.
Listing Price: $8,500,000
Investment Highlights
- 555-561 Gates Avenue, built in 1910, spans 4 stories, and stands approximately 19308 sq ft.
- This is a mixed unit portfolio comprised of 30 Residential Units & 3 Commercial Units.
- Located in the heart of Bedford-Stuyvesant, one of Brooklyn's most vibrant neighborhoods with quick connections to many different transportation options via Subway and bus.
Investment Overview
Marcus and Millichap is pleased to offer 555-561 Gates Avenue. Located in the heart of Bedford-Stuyvesant, one of Brooklyn’s most rapidly evolving neighborhoods, 555-561 Gates Avenue presents the opportunity to acquire a stabilized and cash-flowing multifamily asset with meaningful upside. 30 residential units & 3 commercial units spread across two identical 4-story buildings. This property offers long-term benefits of a J-51 tax abatement and remaining 1,692 square feet of air rights.
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