126 Gatling Place
Bay Ridge | 90th St & 92nd St
Ownership
Multi-Family
Lot Size
55'x125'
Status
Active
Real Estate Taxes
[Per Annum]
$ 69,318
Building Size
40'x86'
Year Built
2008
ASF/ASM
12,800/1,189
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, schools, and all the neighborhood amenities Bay Ridge has to offer.
A truly unique investment property that rarely comes to market. Won't last!
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, schools, and all the neighborhood amenities Bay Ridge has to offer.
A truly unique investment property that rarely comes to market. Won't last!
Listing Courtesy of RE/MAX Edge
Care to take a look at this property?
Apartment Features
A/C [Through the Wall]
Exposed Bricks
Hardwood Floors
Building Details [126 Gatling Place]
Ownership
Multi-Family
Block/Lot
6090/39
Building Size
40'x86'
Zoning
R5B
Year Built
2008
Floors
3
Lot Size
55'x125'
Mortgage Calculator in [US Dollars]
Maria Castellano
License
Licensed As: Real Estate Broker/Owner
Licensed Real Estate Broker/Owner
W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 502979