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403 Gates Avenue 405-407 Gates Ave 11,250 SF Office Building Brooklyn, NY 11216 $9,930,397 CAD ($882.70 CAD/SF)
Investment Highlights
- Perfect for an owner-user seeking a substantial and adaptable space in a prime location with immediate occupancy of a portion of the retail space.
- Potential for significant return on investment through property value appreciation and strategic development.
- Located in a high-growth area experiencing significant residential and mixed-use development.
Executive Summary
Meticulously renovated building in the rapidly developing Bedford-Stuyvesant/ Clinton Hill neighborhood. Offering approximately 11,250 square feet of versatile space across three floors, plus a substantial basement, this property is ideally positioned for a variety of commercial ventures and is particularly well-suited for an owner-user seeking a prominent presence in a thriving community.
Historic Character with Modern Amenities: The building seamlessly blends original architectural details with contemporary upgrades, including 28-foot vaulted ceilings, oversized windows, and high-quality ceramic tile. Suitable for a wide range of commercial applications, including medical offices, urgent care facilities, daycare/senior care centers, fitness centers, spas, restaurants, retail establishments, educational facilities, and more. Proximity to the Bedford-Nostrand Avenue subway station.
Accessibility and Compliance: ADA compliant, featuring a brand-new passenger elevator, multiple restrooms on each floor, and two stairwells.
Advanced Infrastructure: Equipped with a new electric AC/Heating system, separate gas and electric meters for each space, supplementary gas space heaters on each floor, and provisions for ventilation.
Enhanced Security: State-of-the-art security gates.
Frontage: Approximately 130 feet of wrap-around frontage.
Expansion is possible via a bundle deal with the adjacent development site at 403 Gates Avenue, Brooklyn, NY 11216 (1,875 SF with 5,625 BSF), available separately.
Historic Character with Modern Amenities: The building seamlessly blends original architectural details with contemporary upgrades, including 28-foot vaulted ceilings, oversized windows, and high-quality ceramic tile. Suitable for a wide range of commercial applications, including medical offices, urgent care facilities, daycare/senior care centers, fitness centers, spas, restaurants, retail establishments, educational facilities, and more. Proximity to the Bedford-Nostrand Avenue subway station.
Accessibility and Compliance: ADA compliant, featuring a brand-new passenger elevator, multiple restrooms on each floor, and two stairwells.
Advanced Infrastructure: Equipped with a new electric AC/Heating system, separate gas and electric meters for each space, supplementary gas space heaters on each floor, and provisions for ventilation.
Enhanced Security: State-of-the-art security gates.
Frontage: Approximately 130 feet of wrap-around frontage.
Expansion is possible via a bundle deal with the adjacent development site at 403 Gates Avenue, Brooklyn, NY 11216 (1,875 SF with 5,625 BSF), available separately.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
11,250 SF
Building Class
B
Year Built/Renovated
1931/2016
Price
$9,930,397 CAD
Price Per SF
$882.70 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,750 SF
Building FAR
2.87
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
R6A - Medium density residential district
R6A/ C2-4
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 3rd Floor
- 3,750 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 3,750 SF | Office/Retail | - | Now |
| 3rd Floor | 3,750 SF | Office/Retail | - | Now |
2nd Floor
| Size |
| 3,750 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
3rd Floor
| Size |
| 3,750 SF |
| Space Use |
| Office/Retail |
| Build-Out |
| - |
| Available |
| Now |
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2nd Floor
| Size | 3,750 SF |
| Space Use | Office/Retail |
| Build-Out | - |
| Available | Now |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 01807-0056 | Improvements Assessment | $1,110,081 CAD |
| Land Assessment | $24,038 CAD | Total Assessment | $1,134,120 CAD |
Property Taxes
Parcel Number
01807-0056
Land Assessment
$24,038 CAD
Improvements Assessment
$1,110,081 CAD
Total Assessment
$1,134,120 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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403 Gates Avenue | 405-407 Gates Ave
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