Elevated 8-Unit Multifamily
For Sale
$3,300,000
126 Gatling Pl, Brooklyn, NY 11209
Built in 2008, this elevator-served 8-family building offers 2-bedroom units with private balconies and dedicated parking.
Property Size12,800 SF
Lot Size0.48 Acres
Price / SF$959.30
Days on Market104
Property Features for 126 Gatling Pl
General Information
Standard status
Active
Size
12,800 SF
Total Parking Spaces
15
Lot size
0.48 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$69,318
Building Details
Building Size
12,800 SF
Year Built
2008
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Jul 14
Changed: Oct 21
Last Checked: Oct 24 at 5:13PM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
Built in 2008, this elevated 8-family multifamily building is situated on a 55’ × 125’ lot. The property features a total of eight 2-bedroom apartments, including two duplex units, for 16 bedrooms and 16 full bathrooms. Interiors include living/dining areas, modern kitchens with islands, primary suites with full baths, and hardwood and tile flooring, with sliding doors leading to private balconies. The building offers four front balconies, two side balconies, and four rear balconies.
Additional amenities include an elevator, intercom system, security cameras, and a laundry room, along with separate storage for every tenant. Each unit has its own gas boiler and water heater. A 15-foot private driveway provides one dedicated parking space per apartment.
For sale as a complete income property, it currently has approximately $255,000 in annual rental income.
Additional amenities include an elevator, intercom system, security cameras, and a laundry room, along with separate storage for every tenant. Each unit has its own gas boiler and water heater. A 15-foot private driveway provides one dedicated parking space per apartment.
For sale as a complete income property, it currently has approximately $255,000 in annual rental income.
Key Highlights
- Built in 2008: elevator‑served 8‑family building with 8 spacious 2‑bedroom apartments (16 bedrooms, 16 full baths).
- Massive building footprint on an oversized 55' x 125' lot (40' x 86' building).
- Each unit includes a living/dining area, modern kitchen with island, hardwood and tile floors, and sliding doors to a private balcony.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,020
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,100,400
$2.1M
Cap Rate 7%
$1,500,286
$1.5M
Cap Rate 9%
$1,166,889
$1.2M
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$194.8K $56.64/SF
− Vacancy
−$3.9K −$1.13/SF
EGI
$190.9K $55.51/SF
− OpEx
−$85.9K −$24.98/SF
NOI
$105.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,100,400
Cap Rate 7%
$1,500,286
Cap Rate 9%
$1,166,889
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $105,020 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,382 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2008, this elevator-served 8-family building offers 2-bedroom units with private balconies and dedicated parking.
Where is this apartment building located?
The property is located at 126 Gatling Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Built in 2008: elevator‑served 8‑family building with 8 spacious 2‑bedroom apartments (16 bedrooms, 16 full baths).; Massive building footprint on an oversized 55' x 125' lot (40' x 86' building).; Each unit includes a living/dining area, modern kitchen with island, hardwood and tile floors, and sliding doors to a private balcony.
