Financial
Distress signals
Property profile

116 Gatling Pl Brooklyn, NY 11209

FOR SALE
Other apartment buildings
Property ID
US63-4049550
5,100 SF 0.07 ac lot Built 1927
Last sale Jul 2014 · $1,270,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Built in 1927, the property is a six-family apartment building in Brooklyn, measuring approximately 20 by 85 feet and situated on an oversized 25 by 125-foot lot with a backyard. The building is comprised primarily of two-bedroom residences. It is zoned R5B and located at 116 Gatling Place near the 86th Street commercial district, with nearby restaurants, schools, parks, and public transportation. The lot size and existing six-unit residential configuration support flexible occupancy, including

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$23k
Tax billed · 2024
Assessed value$337k
Assessed land$8k
Assessed improvement$329k
Effective rate6.89%

Value estimate

· Sep 2026
$300k
$270k – $330k
Submarket $/SF estimate$1.20M
NOI build-up
Gross scheduled income$289k
Vacancy & credit loss−$6k
Operating expenses−$127k
NOI · 11.99% cap applied$156k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$223/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$168 – $254
Qualifying comparables10

Cap rate analysis

How does the asset earn?
11.99%
$156k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R5B
Where the designated district is an M1-2/R5B District, the provisions of paragraph (c) of Section 25-631 (Location and width of curb cuts...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm47.2
Parking Facility41.4
Realty agency27.3

Location

116 Gatling Pl Brooklyn, NY 11209
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
461 78th, Brooklyn, NY 11209-3413 $1,375,000 Dec 2025 4,980 SF
530 83rd, Brooklyn, NY 11209-4517 $1,315,000 Mar 2024 5,183 SF
471 78th, Brooklyn, NY 11209-3409 $1,000,000 Aug 2023 4,980 SF
318 80th, Brooklyn, NY 11209-3651 $1,420,000 Mar 2023 4,920 SF
543 83rd, Brooklyn, NY 11209-4532 $1,210,000 Dec 2022 5,325 SF
528 Ovington, Brooklyn, NY 11209-1726 $1,300,000 May 2022 5,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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