Excellent investment opportunity at 116 Gatling Place, a well-maintained 6-family building located in the heart of Brooklyn. Building size is 20x85 on a unique oversized 25x125 lot, providing an expansive backyard space rarely found in other six-family properties. This income-producing property offers strong cash flow with additional upside potential, featuring one free-market apartment and two vacant units ready for new tenants or owner occupancy. The building consists primarily of spacious 2-bedroom apartments and presents an attractive return for investors seeking long-term growth and stable rental income. With a fair annual property tax of only $24,776 and relatively low operating expenses, this property is a standout investment opportunity. Conveniently located near 86st main commercial district, restaurants, schools, parks, and public transportation, the neighborhood continues to see strong rental demand and steady growth.
Active
$1,380,000
116 Gatling Pl, Brooklyn, NY 11209
11beds
5,100sqft
Multi Family
Built in 1927
-- sqft lot
$1,325,500 Zestimate®
$271/sqft
$-- HOA
What's special
Expansive backyard space
- 56 days |
- 321 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Tiger Realty 347-825-1830,
Susana Chen
Source: StreetEasy,MLS#: S1828897
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 6
Features
- Has fireplace: No
Interior area
- Total structure area: 5,100
- Total interior livable area: 5,100 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1927
Community & HOA
Community
- Subdivision: Fort Hamilton
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $271/sqft
- Date on market: 5/18/2026
Estimated market value
Zestimate®
$1,325,500
Estimated sales range
$1.26M - $1.39M
Rent Zestimate®
$3,828/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/14/2026 | Listed for sale | $1,380,000$271/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bay Ridge
Nearby schools
GreatSchools rating
- 7/10Ps Is 104 The Fort Hamilton SchoolGrades: K-8Distance: 0.1 mi
- 5/10Fort Hamilton High SchoolGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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