405 Gates Avenue, Brooklyn, NY 11216 - Photo 1

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$7,500,000 Just Listed

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Active
Commercial
Updated 3 days ago

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Property Description

Please check the documents for the set up with all income and expense details. Fully renovated and mixed use asset on a prime corner in Bedford-Stuyvesant. The property is in close proximity to the S, C, A G trains, along with Brooklyn MTA bus 38, 44, 48 and 52 lines. The top floors are supreme Class A office space, with 15+ foot ceilings, oversized windows, brand new heating and cooling systems and ample lavatories. 405-407 Gates Ave, Brooklyn 11216 (403 Gates ave vacant lot 18.75*100 R6A, C2-4 ) R6A, C2-4 zoning $7,500,000 for building. $1,500,000 for the lot. Will sell together or bldg first Price Per Square Foot: $667 Year built: 1931 SF: 11,250 Lot SF: 3,750

Full Property Details

Full Property Details for 405 Gates Ave

General

Price: $7,500,000
Taxes: $80,981
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 950805
Updated: 1/12/2026
Added to Site: 3 day(s) ago

Business

Business Type: Other

Location

County: Kings (Brooklyn)

Heating & Cooling

Cooling Type: Ductless
Heating Type: See Remarks

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: See Remarks

Structural Information

Detached/Attached: Detached
Construction: Brick
Basement: Yes
Basement Desc.: Finished, Full Basement
Building Size: 11250
Square Feet: 11,250
Year Built: 1931

Lot Features

Lot Size (Acres): 0.0861
Lot Size (Sq. Ft.): 3,750
Zoning: R6A

Financial Considerations

Tax Amount: $80,981.16

Disclosures and Reports

Special Conditions: None
Property ID: 01807-0056

Listed by Andrew J. Freerks

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Listing agent

— 405 Gates Ave —

Andrew J. Freerks

917-246-7750

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Schools

Schools serving 405 Gates Ave

School District:New York City Geographic School District 13

Name	Grades	Distance
Ps 305 Dr Peter Ray 344 Monroe Street, Brooklyn, NY 11216	K-6	0.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 405 Gates Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/12/2026

Listed

$7,500,000

-96.74%

MLS

7/14/2011

Sold

$229,950,000

—

Public Record

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 405 Gates Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$89,109

10%

$986,709

29%

2024

$80,981

6%

$764,550

6%

2023

$76,644

11%

$723,600

11%

2022

$69,321

-44%

$651,150

13%

2021

$123,772

59%

$578,700

-26%

2020

$77,706

10%

$781,200

1%

2019

$70,537

36%

$777,150

6%

2017

$51,979

—

$735,300

4%

2017

$51,979

23%

$706,950

3%

2016

$42,188

29%

$686,700

56%

2015

$32,781

87%

$441,000

11%

2014

$17,513

-22%

$397,350

66%

2013

$22,504

—

$239,909

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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405 Gates Avenue, Brooklyn, NY 11216 (MLS# 950805) is a Commercial property. 405 Gates Avenue is currently listed for $7,500,000 and was received on January 12, 2026. Want to learn more about 405 Gates Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

405 Gates Ave Brooklyn, NY 11216