126 Gatling Place, Brooklyn, New York 11209

Property Description

Rare opportunity to own a one-of-a-kind 8-family building in prime Bay Ridge! Built in 2008, this elevated building sits on an oversized 55' × 125' lot with a massive 40' × 86' building. Features 8 spacious 2-bedroom apartments, including 2 duplex units, for a total of 16 bedrooms and 16 full bathrooms. Each apartment offers a living/dining area, modern kitchen with island, primary suite with full bath, hardwood and tile floors, sliding doors to a private balcony, and oversized windows for abundant natural light. This well-maintained building includes 4 front balconies, 2 side balconies, 4 rear balconies, elevator, intercom system, security cameras, laundry room, separate storage room for every tenant, and separate gas boilers and water heaters for each unit. A 15-foot private driveway provides one dedicated parking space for each apartment. Current annual rental income is approximately $255,000 with excellent upside potential. Conveniently located near the R train, express buses to Manhattan, Belt Parkway, Shore Road Promenade, parks, shopping, restaurants, and all the neighborhood amenities Bay Ridge has to offer. A truly unique investment property that rarely comes to market.