405 Gates Ave Brooklyn, NY 11216

Located in the rapidly developing Bedford-Stuyvesant neighborhood, this meticulously renovated Romanesque Revival historic building offers approximately 11,250 square feet of versatile space across three floors, plus a substantial basement. The property is ideally positioned for a variety of commercial ventures and is particularly well-suited for an owner-user seeking a prominent presence in a thriving community. Approximately 1,500 square feet of ground-floor retail space is currently available for immediate occupancy, with the remaining retail space deliverable vacant. The building seamlessly blends original architectural details with contemporary upgrades, including 28-foot vaulted ceilings, oversized windows, and high-quality ceramic tile. It is ADA compliant and features a new passenger elevator, multiple restrooms on each floor, and two stairwells. The property is equipped with a new electric AC/Heating system, separate gas and electric meters for each space, supplementary gas space heaters on each floor, and provisions for ventilation. State-of-the-art security gates are in place. The property has approximately 130 feet of wrap-around frontage. Situated within an Opportunity Zone, it offers significant tax advantages and potential for substantial property value appreciation. Expansion is possible via a bundle deal with the adjacent development site at 403 Gates Avenue, Brooklyn, NY 11216 (1,875 SF with 5,625 BSF), available separately. The property is in proximity to the Bedford-Nostrand Avenue subway station, Brooklyn Botanic Garden, Brooklyn Children's Museum, and numerous other amenities including parks, educational institutions, and fitness centers. It is suitable for a wide range of commercial applications, including medical offices, urgent care facilities, daycare/senior care centers, fitness centers, spas, restaurants, retail establishments, and educational facilities. The usable basement space is over 1,000 square feet, and 7,500 square feet are across the second and third floors.