Back to Search

Renovated Mixed-Use Asset in Brooklyn

405 Gates Ave, Brooklyn, NY 11216

View on Map

For Sale

$7,500,000

Prime corner property with Class A office space and development potential.

Type:Commercial

Property size:

11,250 SF

Lot size:

0.04 Acres

Price / SF:

$666/SF

HighLights

Prime corner location in Bedford‑Stuyvesant.
Excellent transit access: close proximity to S, C, A, G trains and multiple bus lines (B38, B44, B48, B52).
Fully renovated, mixed‑use asset.
Supreme Class A office space with 15+ foot ceilings and oversized windows.
New heating and cooling systems.
High walk, bike, and transit scores (98, 95, and 100 respectively).

We can help!

Listing Contact

Andrew Freerks

Learn more

For Sale

$7,500,000

Prime corner property with Class A office space and development potential.

Type:Commercial

Property size:

11,250 SF

Lot size:

0.04 Acres

Price / SF:

$666/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 3:13 pm

Property Features for 405 Gates Ave

General Information

Standard status: Active
Size: 11,250 SF
Lot size: 0.04 Acres
Property subtype: Commercial

Building Details

Year Built: 1931

We can help!

Listing Contact

Andrew Freerks

Listing agent Andrew Freerks

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Andrew Freerks

HighLights

Prime corner location in Bedford‑Stuyvesant.
Excellent transit access: close proximity to S, C, A, G trains and multiple bus lines (B38, B44, B48, B52).
Fully renovated, mixed‑use asset.
Supreme Class A office space with 15+ foot ceilings and oversized windows.
New heating and cooling systems.
High walk, bike, and transit scores (98, 95, and 100 respectively).

Overview

This fully renovated mixed-use property is located on a prime corner in Bedford-Stuyvesant, Brooklyn. The property benefits from its close proximity to the S, C, A, and G train lines, as well as the Brooklyn MTA bus 38, 44, 48, and 52 lines. The upper floors feature Class A office space, characterized by ceilings exceeding 15 feet, oversized windows, new heating and cooling systems, and multiple lavatories. Built in 1931, the building has a total area of 11,250 square feet and sits on a 3,750 square foot lot. The location has a bike score of 95, walk score of 98, and transit score of 100. Additionally, there is a vacant lot at 403 Gates Ave (18.75 x 100) with R6A, C2-4 zoning.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$742.5k	$66.00
− Vacancy	−$89.1k	−$7.92
EGI	$653.4k	$58.08
− OpEx	−$245.0k	−$21.78
NOI	$408.4k	$36.30

11,250 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$5.83M

$5.10M – $6.81M (±1% cap)

NOI $408,375 @ 7.0% cap · market cap 5.45%

Second Best

Office B

$4.01M

$3.51M – $4.68M (±1% cap)

NOI $280,665 @ 7.0% cap · market cap 3.74%

Theoretical Best

Specialty Retail

$9.32M

$8.15M – $10.87M (±1% cap)

NOI $652,050 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Noor Brother Deli ... Food Market

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.95107
Latitude: 40.686386

Nearby Similar for Sale

$999,000

15,000 SF

Turn-Key Supermarket Business Opportunity

Thriving supermarket business for sale in prime Gravesend location.

53-65 Quentin Road, Brooklyn, NY 11223

View Details
$999,000

8,820 SF

Established Supermarket Business For Sale

High-volume supermarket in Bensonhurst/Gravesend with excellent street exposure.

65 Quentin Road, Brooklyn, NY 11223

View Details
$7,200,000

23,400 SF

Brooklyn Mixed-Use Investment Opportunity

Mixed-use property in Brownsville with diverse income streams.

340 Junius Street, Brooklyn, NY 11212

View Details
$1,200,000

3,822 SF

Incomplete Renovation Church Conversion

In-progress renovation offers flexible space for offices, warehouse, retail, manufacturing, or religious use.

2769 Stillwell Avenue, Brooklyn, NY 11224

View Details
$1,988,000

3,740 SF

Flatbush Avenue Retail Investment Opportunity

High-exposure retail asset with stable income and development potential.

1800 Flatbush Avenue, Brooklyn, NY 11210

View Details
$2,190,000

3,500 SF

Luxury Atelier & Designer Showroom

Turnkey, two-story luxury atelier in Sunset Park, Brooklyn.

821 39th Street, Brooklyn, NY 11232

View Details
$1,799,000

3,158 SF

Prime Kings Highway Commercial Unit

Spacious commercial unit in a high-traffic Brooklyn location.

366 Kings Highway, Brooklyn, NY 11223

View Details
$1,700,000

3,000 SF

Automotive Repair Facility

Operating automotive repair and service facility with street access and a layout suited to maintenance, detailing, and related services.

4201 Glenwood Road, Brooklyn, NY 11210

View Details
$5,390,000

6,970 SF

Prime Corner Commercial Brooklyn Building

Highly visible corner commercial property on 7th Avenue, Brooklyn.

5301 7th Avenue, Brooklyn, NY 11220

View Details
$1,698,000

1,846 SF

Medical Condo in Bensonhurst, Brooklyn

Medical condo with equipment, patient database, and revenue potential.

7620 Bay Parkway, Brooklyn, NY 11214

View Details
$2,980,000

7,311 SF

Multi-Tenant Office Building with Elevator

Built in 1996 and fully leased to five commercial tenants with multiple entrances and independent HVAC systems.

8510 Bay 16th Street, Brooklyn, NY 11214

View Details
$2,000,000

3,300 SF

Prime Corner Retail Building Brooklyn

One-story retail building with development potential in Brooklyn, NY.

229 Tompkins Avenue, Brooklyn, NY 11216

View Details

For sale
Mixed-use properties
NY
Brooklyn
11216
405 Gates Ave

What type of property is this?

Mixed-use property - Prime corner property with Class A office space and development potential.

Where is this mixed-use property located?

The property is located at 405 Gates Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $7,500,000.

What are key features of this property?

This property features: Prime corner location in Bedford‑Stuyvesant.; Excellent transit access: close proximity to S, C, A, G trains and multiple bus lines (B38, B44, B48, B52).; Fully renovated, mixed‑use asset.