Bay Ridge Four-Family
For Sale
$1,600,000
Pending
110 Gatling Pl, Brooklyn, NY 11209
Well-maintained four-unit property in prime Bay Ridge location.
Property Size3,000 SF
Lot Size0.07 Acres
Days on Market108
Property Features for 110 Gatling Pl
General Information
Standard status
Pending
Size
3,000 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,025
Building Details
Building Size
3,000 SF
Year Built
1921
Stories
2
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Jie Min (Jenny) Xia
(718) 382-0001
Source:
Elliman
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 13 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained four-family home is located in Bay Ridge. The property is built on a 25x126 lot and has a building size of 20x75. The building features four residential units. Three units have 2 bedrooms and 1 full bathroom, while the fourth unit has 1 bedroom and 1 full bathroom. The building is equipped with 5 electric meters and 5 gas meters. A full basement offers additional potential. The property includes a spacious backyard. The location provides easy access to major highways and public transportation, including multiple bus lines and the nearby R train station, allowing quick access throughout Brooklyn and into Manhattan. The property is surrounded by shops, restaurants, and everyday conveniences. The property has a bike score of 59, making it bikeable, a walk score of 85, making it very walkable, and a transit score of 73, indicating excellent transit options. This income-producing property is suitable for both investors and end-users.
Key Highlights
- Income‑producing 4‑family home in Bay Ridge.
- Three 2‑bedroom units and one 1‑bedroom unit.
- Separate utility meters for each unit (5 electric, 5 gas).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,533
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,050,660
$1.1M
Cap Rate 7%
$750,471
$750.5K
Cap Rate 9%
$583,700
$583.7K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.5K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$75.0K $50.03/SF
− OpEx
−$22.5K −$15.01/SF
NOI
$52.5K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,050,660
Cap Rate 7%
$750,471
Cap Rate 9%
$583,700
Alternative Uses
Best Use
Multifamily LT 5
$750.5K
$656.7K – $875.6K
NOI $52,533 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$654.2K
$572.4K – $763.2K
NOI $45,793 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,940 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property in prime Bay Ridge location.
Where is this quadplex located?
The property is located at 110 Gatling Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Income‑producing 4‑family home in Bay Ridge.; Three 2‑bedroom units and one 1‑bedroom unit.; Separate utility meters for each unit (5 electric, 5 gas).
