405-407 Gates Ave 11,250 SF 20% Leased Office Building Brooklyn, NY 11216 $7,250,000 ($644.44/SF)

This meticulously renovated historic building presents a rare opportunity in the rapidly developing Bedford-Stuyvesant neighborhood. Offering approximately 11,250 square feet of versatile space across three floors, plus a substantial basement, this property is ideally positioned for a variety of commercial ventures and is particularly well-suited for an owner-user seeking a prominent presence in a thriving community.
Key Features:
Significant Square Footage: Approximately 1,500 square feet of ground-floor retail space (available now), with the remaining retail space deliverable vacant, 7,500 square feet across the second and third floors, and over 1,000 square feet of usable basement space.
Historic Character with Modern Amenities: The building seamlessly blends original architectural details with contemporary upgrades, including 28-foot vaulted ceilings, oversized windows, and high-quality ceramic tile.
Accessibility and Compliance: ADA compliant, featuring a brand-new passenger elevator, multiple restrooms on each floor, and two stairwells.
Advanced Infrastructure: Equipped with a new electric AC/Heating system, separate gas and electric meters for each space, supplementary gas space heaters on each floor, and provisions for ventilation.
Enhanced Security: State-of-the-art security gates.
Expansive Frontage: Approximately 130 feet of wrap-around frontage.
Development Potential: Situated within an Opportunity Zone, offering significant tax advantages and potential for substantial property value appreciation. Expansion is possible via a bundle deal with the adjacent development site at 403 Gates Avenue, Brooklyn, NY 11216 (1,875 SF with 5,625 BSF), available separately.
Strategic Location: Proximity to the Bedford-Nostrand Avenue subway station, Brooklyn Botanic Garden, Brooklyn Children's Museum, and numerous other amenities including parks, educational institutions, and fitness centers.
Versatile Use: Suitable for a wide range of commercial applications, including medical offices, urgent care facilities, daycare/senior care centers, fitness centers, spas, restaurants, retail establishments, educational facilities, and more.
Robert Shiryak (347)-908-7623 - Capline Consolidated