
405-407 Gates Avenue Brooklyn, NY 11216
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.
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