Listing Agency: Marcus & Millichap - Manhattan

Listed By: Andrew Bronsteen · License #NY10401314581

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 5:18AM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property is located at 161 Gates Ave in Brooklyn, New York. The asset is situated in the Clinton Hill neighborhood and is offered as a residential income property.

Key Highlights

• Four‑unit multifamily configuration
• Located at 161 Gates Ave, Brooklyn, NY 11238
• Situated in the Clinton Hill neighborhood

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Nursing Home Auto Parts Store Pet Grooming Service Home Appliance Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

6,013

Businesses Nearby

Explore this area Business Placement

Demographics for 11238, NY

60,090

Population

29,588

Households

2

Avg Household Size

35

Median Age

71%

College-Educated

93%

High-School Grad

1.8 sq mi

ZIP Area

33,383

Density / Sq Mi

$132,957

Median Household Income

$85,179

Median Earnings

$2,511

Median Rent

$1,146,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit residential income property in Brooklyn’s Clinton Hill neighborhood.

Where is this quadplex located?

The property is located at 161 Gates Ave Brooklyn, NY.

What are key features of this property?

This property features: Four‑unit multifamily configuration; Located at 161 Gates Ave, Brooklyn, NY 11238; Situated in the Clinton Hill neighborhood