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555-561 Gates Avenue 555 Gates Ave 33 Unit Apartment Building $8,150,000 ($246,970/Unit) 7.70% Cap Rate Brooklyn, NY 11221

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EXECUTIVE SUMMARY

The New York Multifamily team is pleased to offer 555-561 Gates Avenue, a 33-unit Multifamily Property at Bedford Stuyvesant neighborhood for $8,150,000

PROPERTY FACTS

Price	$8,150,000	Apartment Style	Mid-Rise
Price Per Unit	$246,970	Building Class	C
Sale Type	Investment	Lot Size	0.08 AC
Cap Rate	7.70%	Building Size	19,308 SF
Gross Rent Multiplier	9.3	No. Stories	4
No. Units	33	Year Built	1910
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	R6A

Price	$8,150,000
Price Per Unit	$246,970
Sale Type	Investment
Cap Rate	7.70%
Gross Rent Multiplier	9.3
No. Units	33
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.08 AC
Building Size	19,308 SF
No. Stories	4
Year Built	1910
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6A