126 Gatling Place
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,600,000 |
| Year Built: | 2008 |
| Lot Size: | 12,800.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 16 |
ID: 3yd-BMLSNY-502979
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