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Renovated Two-Floor Office Units
For Lease
$25,000/Mo

405 Gates Avenue, Brooklyn, NY 11216

Commercial Sale, Brooklyn, NY

Space Size7,500 SF
Lot Size0.09 Acres
Days on Market573

Property Features for 405 Gates Avenue

General Information

Property type Commercial Lease
Property subtype Other
Security features Security System
Subdivision Bedford-Stuyvesant
Lot features Corner Lot
View City
Standard status Active
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 82281

Amenities

high ceilings
modern finishes
private entrance

Building Details

Year built 1931
Floors in Building 3
Building materials Brick
Listing Agency: CAPLINE CONSOLIDATED LLC
Listed By: Robert Shiryak · License #NY10491213394
Added: Feb 27, 2025 Changed: Sep 12 Last Checked: Sep 23 at 2:06AM
MLS# 11440910

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Available for lease, this office property provides 7,500 square feet of workspace arranged across two floors within a 1931 brick building. The suites have been newly renovated with modern finishes and high ceilings, while a private elevator and separate entrance add dedicated access for occupants.

The property is located at 405 Gates Avenue in Brooklyn, NY 11216. An adjacent lot and backyard at 403 Gates Avenue are also available under a separate lease, providing an additional leasing option associated with the office space.

Key Highlights

  • 7,500 square feet of office space across two floors
  • Newly renovated suites with modern finishes
  • Private elevator and dedicated entrance

Property Analytics

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Current Use

Noor Brother Deli ... Food Market

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Nursing Home Auto Parts Store Real Estate Agency

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

NNN (Triple Net)
Lease Type
$6.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,908
Businesses Nearby

Demographics for 11216, NY

61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Brooklyn, NY

$40.68 /SF/Yr
Avg Asking Price
$9.28–$150 /SF/Yr
Price Range
3,538 SF
Avg Space Size

This space is priced 2% below the average of $40.68 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Private elevator and entrance complement modern finishes in a brick commercial building.
Where is this office units located?
The property is located at 405 Gates Avenue Brooklyn, NY.
What is the lease rate?
The lease rate is $25,000/Mo.
What are key features of this property?
This property features: 7,500 square feet of office space across two floors; Newly renovated suites with modern finishes; Private elevator and dedicated entrance
More about this property
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