1004 Gates Avenue
- Turnkey Asset with 40’ of Frontage
- Fully Occupied Elevator Building
- $494,245 Preferential-to-Legal Rent Spread
- $1,381,093 in Tax Savings until 2034
Property Description
Avison Young has been exclusively engaged by ownership to offer for sale 1004 Gates Avenue, a seven-story, 40’ elevator building located on the south side of Gates Avenue between Ralph Avenue and Broadway in the heart of Bedford-Stuyvesant (Bed-Stuy), Brooklyn. The property spans 19,130 SF and consists of twenty-seven (27) residential units. The buildings were significantly expanded and renovated in 2019 and benefit from a J-51 Tax Abatement until 2034.Broker Details
Avison Young 212 277 5557
Broker Details
Avison Young - US - NY - New York (212) 735-8554
Broker Details
Avison Young - US - NY - New York 212 729 1623
Broker Details
Avison Young - US - NY - New York 917 842 6051
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $9,700,000 |
| No. of Units: | 27 |
| Lot Size: | 19,130.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $359,259 |
| Property Website | Click Here |
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