403 Gates Avenue

For Sale$1,550,000

403 Gates Avenue, Brooklyn, NY 11216

  • Land

403 Gates Avenue, Brooklyn, NY 11216 - Land Space

403 Gates Avenue is located at 403 Gates Avenue in the Bedford-Stuyvesant neighborhood, NY, Brooklyn, 11216. The Land building features a total of 5,625 Sqft.

Nearby Listings

Nearby Properties

Details

  • Sale Price $1,550,000
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11216
  • Property Type Land
  • Property Size 5,625 Sqft
  • Lot Size 1,875 Sqft
  • Date Updated 28 Aug, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Description

Bedford-Stuyvesant Development Site in an Opportunity Zone. vacant 18.75' wide development site within a recently designated opportunity zone on the north side of Gates Avenue between Bedford and Nostrand Avenues in the Bedford-Stuyvesant neighborhood of Brooklyn. R6A/C2-4 zoning (FAR: 3.0 Res., 2.0 Comm.) provides approximately 5,625 buildable square feet as-of-right for a mixed-use project. The property is surrounded by a variety of upcoming residential and mixed-use development projects that are driving strong pricing growth. Such new developments include a 16 unit condominium development project next door at 399 Gates Ave., a 22-unit mixed-use rental development project at 335-341 Nostrand Ave., and the completed 16-unit condominium development across the street at 366-370 Gates Avenue. With the migration of new tenants to the neighborhood and the installation of the opportunity zone program, development sites in the area have been in very high demand.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 403 Gates Avenue?

403 Gates Avenue totals 5,625 square feet.

Bedford-Stuyvesant Demographics

The average household income in zip code 11216 is $97,728, from a total of 24,871 households. In terms of employment, there are 89.41 % white-collar and 10.59 % blue-collar jobs in zip code 11216.

Population

  • Total Population158,534
  • Male Population(47.2 %) 74,760
  • Female Population(52.8 %) 83,774
  • Median Age32.00

Income/Financial

  • Average Household Income$76,076
  • Median Household Income$56,900
  • Median Income Under 25$55,688
  • Median Income 25-44$75,666
  • Median Income 45-64$51,492
  • Median Income Over 65$27,158

Commercial Brokers Register now to add listings

Jonathan Berman

Ariel Property Advisors

(212) 544-9500 x 20

Dov Chein

Ariel Property Advisors

(212) 544-9500 x 28