FOR SALE
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$97,000,000
1004 1006 Gates Avenue, Brooklyn, NY 11221
19,130 SF
Square Feet
$5,071
PPSF
27
Units
3.0M
PPU
Property Description
Units
27 — PPU: 3.0M
1004 Gates Avenue, a seven-story, 40’ elevator building located on the south side of Gates Avenue between Ralph Avenue and Broadway in the heart of Bedford-Stuyvesant (Bed-Stuy), Brooklyn.
The property spans 19,130 SF and consists of twenty-seven (27) residential units. The buildings were significantly expanded and renovated in 2019 and benefit from a J-51 Tax Abatement until 2034.
Property Details
Asset Type
MultiFamily
Neighborhood
Stuyvesant Heights
Submarket
Brooklyn
ZIP
11221
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$5,517,954
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$459,829
Annual Debt Service
$5,517,954
View on Map
Address
1004 1006 Gates Avenue
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.
