405 Gates Avenue

For Sale$8,000,000

405 Gates Avenue, Brooklyn, NY 11216

  • Office

405 Gates Avenue, Brooklyn, NY 11216 - Office Space

405 Gates Avenue is located at 405 Gates Avenue in the Bedford-Stuyvesant neighborhood, NY, Brooklyn, 11216. The Office building features a total of 11,100 Sqft.

There are 46 office spaces for lease in the Bedford-Stuyvesant neighborhood, totaling 75,255 Sqft of available office space. The office space availability for the 11216 zip code is 17,000 Sqft, in 2 office spaces. The average asking office rent per sq. ft. in Bedford-Stuyvesant is $39.19/sqft/year. For Class B office buildings the average office rate is $45/sqft/year, for Class C office buildings the average office rate is $37.5/sqft/year.

In Bedford-Stuyvesant, there are 9 class B office buildings, there are 9 class C office buildings. At zip code level, there are 4 commercial properties, of which 3 are office buildings over 50,000 square feet.

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Details

  • Sale Price $8,000,000
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11216
  • Market Brooklyn
  • Property Type Office
  • Property Size 11,100 Sqft
  • Lot Size 3,750 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

Vacant Fully-Renovated Elevator Retail and Office Building. 11,100 square foot, three-story, elevator building located on the northwest corner of Gates Avenue and Nostrand Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn. The building consists of two retail units on the ground floor with approximately 130 feet of wrap-around frontage and two floor-through office spaces on the second and third floors. In addition, the basement is finished with two large units and three storage units. The entire building has been renovated with high-end finishes while preserving original details. The building is ADA compliant with a shared elevator, separate staircases, vaulted ceilings, and over-sized windows. The heat and air conditioning are electric and there are separate gas and electric meters for each space. In addition, there are gas space heaters in each unit.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 405 Gates Avenue?

405 Gates Avenue totals 11,100 square feet.

Bedford-Stuyvesant Demographics

The average household income in zip code 11216 is $88,367, from a total of 24,079 households. In terms of employment, there are 88.78 % white-collar and 11.22 % blue-collar jobs in zip code 11216.

Population

  • Total Population156,464
  • Male Population(47.2 %) 73,778
  • Female Population(52.8 %) 82,685
  • Median Age31.60

Income/Financial

  • Average Household Income$69,272
  • Median Household Income$50,153
  • Median Income Under 25$45,417
  • Median Income 25-44$69,323
  • Median Income 45-64$46,885
  • Median Income Over 65$26,338

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