116 Gatling Place Brooklyn, NY 11209
Fort Hamilton NeighborhoodEstimated payment $9,410/month
Highlights
- Hot Water Heating System
- P.S./I.S. 104 The Fort Hamilton School Rated A-
- Back Yard
About This Home
Excellent investment opportunity at 116 Gatling Place, a well-maintained 6-family building located in the heart of Brooklyn. Building size is 20x85 on a unique oversized 25x125 lot, providing an expansive backyard space rarely found in other six-family properties. This income-producing property offers strong cash flow with additional upside potential, featuring one free-market apartment and two vacant units ready for new tenants or owner occupancy. The building consists primarily of spacious 2-bedroom apartments and presents an attractive return for investors seeking long-term growth and stable rental income. With a fair annual property tax of only $24,776 and relatively low operating expenses, this property is a standout investment opportunity. Conveniently located near 86st main commercial district, restaurants, schools, parks, and public transportation, the neighborhood continues to see strong rental demand and steady growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,000
Year Built
- Built in 1927
Lot Details
- 3,127 Sq Ft Lot
- Lot Dimensions are 125 x 25
- Back Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 5,100 Sq Ft Home
- 3-Story Property
- Stove
- Unfinished Basement
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Full Bathrooms
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6090
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $5,400
- Insurance Expense $7,000
- Utility Expense $1,200
- Gross Income $130,536
- Net Operating Income $88,936
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $25,021 | $485,100 | $8,100 | $477,000 |
| 2025 | $23,181 | $404,100 | $8,100 | $396,000 |
| 2024 | $23,181 | $336,600 | $8,100 | $328,500 |
| 2023 | $21,067 | $420,750 | $8,100 | $412,650 |
| 2022 | $19,461 | $350,550 | $8,100 | $342,450 |
| 2021 | $18,892 | $412,650 | $8,100 | $404,550 |
| 2020 | $9,285 | $452,250 | $8,100 | $444,150 |
| 2019 | $17,988 | $433,800 | $8,100 | $425,700 |
| 2018 | $16,803 | $132,107 | $2,426 | $129,681 |
| 2017 | $15,562 | $122,356 | $2,597 | $119,759 |
| 2016 | $15,273 | $118,465 | $2,847 | $115,618 |
| 2015 | $9,482 | $118,441 | $3,416 | $115,025 |
| 2014 | $9,482 | $109,714 | $2,571 | $107,143 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2026 05/14/26 | For Sale | $1,380,000 | -- | $271 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 501430
APN: 06090-0035
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The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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