Vacant Three Family Brownstone w/Air Rights for Sale
Multifamily | 3 Units | $716,667/unit
Marketing description
Matheos Realty Group is pleased to present the exclusive offering of 523 Gates Avenue; a four-story Brownstone property located in the heart of Bedford-Stuyvesant between Marcy and Tompkins Avenues.
Bedford-Stuyvesant remains one of Brooklyn’s most sought-after neighborhoods, experiencing continued investment and steady demand for quality housing. The area blends historic brownstone architecture with a vibrant cultural and retail scene. Nearby Fulton Street, Tompkins Avenue, and Bedford Avenue corridors provide a mix of coffee shops, restaurants, boutiques, and essential services that attract both long-term residents and newcomers alike.
Investment highlights
The building is currently vacant and comprises three free-market apartments, two floor-through apartments and one duplex. All units will be delivered vacant, providing investors with full control to reposition and stabilize the asset for maximum performance. The property also has 2,800 BSF of air rights available for vertical or horizontal expansion.
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