Bay Ridge Four-Family
110 Gatling Pl Brooklyn, NY 11209
110 Gatling Pl, Brooklyn, NY, 11209
$1,600,000
For Sale
$1,600,000
Well-maintained four-unit property in prime Bay Ridge location.
Property Size1,500 SF
Lot Size0.07 Acres
Price / SF$1,066
Days on Market80
Property Features for 110 Gatling Pl
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1921
Listing Agency
Momentum Real Estate LLC
(718) 382-0001
Listed by
Jie Min (Jenny) Xia
(718) 382-0001
Source
Elliman
Added: Apr 28 Checked: Jul 16 at 10:02 am
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).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $75.0k | $50.03 |
| − OpEx | −$22.5k | −$15.01 |
| NOI | $52.5k | $35.02 |
1,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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).
