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.

Facts and features

Schools

• Ps Is 104 The Fort Hamilton School

  elementary · K-8 · 0.1 mi

  7

• Fort Hamilton High School

  high · 9-12 · 1.0 mi

  4

• St Patrick School

  elementary · K-8 · 0.3 mi

• SCHOOL OF TECH ARTS AND RESEARCH

  elementary · 6 · 0.2 mi

  8

• Ps 264 Bay Ridge Elementary School For The Arts

  elementary · K-5 · 0.3 mi

  7

• Poly Prep Country Day School

  elementary · K-12 · 0.4 mi

Price history

• Aug 1, 2026 · Price Changed$1,299,000
• May 14, 2026 · Listed$1,380,000
• Jul 9, 2014 · Sold$1,270,000
• Jun 1, 2005 · Sold$750,000
• Dec 29, 2003 · Sold$250,000
• Jun 7, 1995 · Sold$100,000
• Aug 5, 1987 · Sold$240,000

Tax history

• 2026$24,903 tax · $485,100 assessed
• 2025$24,776 tax · $485,100 assessed
• 2024$23,180 tax · $404,100 assessed
• 2023$21,067 tax · $420,750 assessed
• 2022$19,461 tax · $350,550 assessed
• 2021$18,891 tax · $412,650 assessed
• 2020$19,205 tax · $452,250 assessed
• 2019$17,988 tax · $433,800 assessed

Where it is