1004 Gates Avenue
Brooklyn, NY
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
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