1004 Gates Avenue

Brooklyn, NY

Download Offering Memorandum

Building Overview

  • Building Size 19,130 SF
  • Number of Units 27
  • Asking Price $9,7000,000

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.

Investment Highlight

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

Team

Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557
Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554
Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051