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1004 Gates Ave

19,130 SF 100% Leased Office Building Brooklyn, NY 11221 $9,700,000 ($507/SF)

Office Space New York Brooklyn 1004 Gates Ave, Brooklyn, NY 11221

Investment Highlights

  • Turnkey Asset with 40’ of Frontage
  • $494,245 Preferential-to-Legal Rent Spread
  • Fully Occupied Elevator Building
  • $1,381,093 in Tax Savings until 2034

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
19,130 SF
Building Class
B
Year Built
1925
Price
$9,700,000
Price Per SF
$507
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
2,733 SF
Building FAR
7.32
Land Acres
0.06 AC
Zoning
C4-3 - Regional commercial center located outside of the central business districts
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Rider's Paradise (92)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 01480-0014 Improvements Assessment $1,522,350
Land Assessment $99,000 Total Assessment $1,621,350

PROPERTY TAXES

Parcel Number
01480-0014
Land Assessment
$99,000
Improvements Assessment
$1,522,350
Total Assessment
$1,621,350
(914) 406-9257

  • Listing ID: 32823909

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 1004 Gates Ave, Brooklyn, NY 11221

More public record information on 1004 Gates Ave, Brooklyn, NY 11221

The Office Property at 1004 Gates Ave, Brooklyn, NY 11221 is currently available For Sale. Contact Avison Young for more information.

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1004 Gates Ave
(914) 406-9257 x

1004 Gates Ave

1/3

Fritz Richter

(914) 406-9257

(914) 406-9257

Patrick Madigan

(718) 606-7058

(718) 606-7058

Joseph Moran

(212) 729-7140

(212) 729-7140

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