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22075135
22075153

405-407 Gates Ave, Brooklyn, NY 11216

RS
NY NY10491213394
Capline Consolidated
Listed by Capline Consolidated
$7,250,000
467 days on market
Updated 91 days ago
Opportunity zone

405-407 Gates Avenue Brooklyn, NY 11216

Details
Property Type Office, Retail
Sub Type Medical Office, Storefront (+1)
Square Footage 11,250
Tenancy Vacant
Price per SqFt $666
Class C
Year Built 1931
Year Renovated 2025
Stories 3
Lot Size (SqFt) 3,750
Zoning R6A, C2-4
Investment Type Owner/User
Sale Condition 1031 exchange

Exceptional Investment and Owner-User Opportunity in Prime Bedford-Stuyvesant

Marketing description

Meticulously renovated Romanesque Revival 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:

  • 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

Investment highlights

Investment Highlights:

  • Perfect for an owner-user seeking a substantial and adaptable space in a prime location.

  • Located in a high-growth Opportunity Zone experiencing significant residential and mixed-use development.

  • Potential for significant return on investment through property value appreciation and strategic development.

This property represents a unique opportunity to capitalize on the dynamic growth of Bedford-Stuyvesant. Interested parties are encouraged to submit offers for consideration.

Listing Contacts

RS
NY NY10491213394
Capline Consolidated
Listed by Capline Consolidated

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Additional Information

Name
Robert Shiryak
License
NY10491213394
Brokerage
Capline Consolidated
Brokerage Phone
(347)-908-7623
Title
Real Estate Broker
Brokerage Address
1 Dock 72 Way
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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