For saleReduced $250,000 from $7,500,000

$7,250,000

11,250 SF building0.09 acre lotBuilt 1931

405 Gates AvenueBrooklyn, NY 11216

Medical building (from the listing description) · MLS 11440801 · Listed 615 days ago (Feb 27, 2025)

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Active: Listed and available according to the MyStateMLS feed.

Other listings at this address

Separate MyStateMLS listings with exactly the same street address. Each is its own offer with its own listing representative; spaces are not assumed to be contiguous or combinable.

ListingOfferSizePrice or rateListed by
This listing (viewing)For sale11,250 SF building$7,250,000CAPLINE CONSOLIDATED LLC
MLS 11440910For lease7,500 SF available$25,000/moCAPLINE CONSOLIDATED LLC

About this property

Meticulously renovated historic 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. 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. 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. ADA compliant, featuring a brand-new passenger elevator, multiple restrooms on each floor, and two stairwells. 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. State-of-the-art security gates. Expansive 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. Proximity to the Bedford-Nostrand Avenue subway station, Brooklyn Botanic Garden, Brooklyn Children's Museum, and numerous other amenities including parks, educational institutions, and fitness centers.

Description provided by the listing brokerage.

Key facts

Asking price
$7,250,000
Original list price
$7,500,000
Status
For sale
Property type
MedicalFrom the listing description
Building area
11,250 SFSource field AboveGradeFinishedArea
Land area
0.09 acresSource field LotSizeSquareFeet
Year built
1931
MLS number
11440801

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$7,250,000
Price per SF of building
$644/SFAsking price ÷ 11,250 SF reported building area
Annual taxes
$82,281

Building and site

Stories
3
Year renovated
2025Source field RenovationYear_C
Reported zoning
CommercialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
County
Kings County

Reported features

  • Accessibility features reported (from a listing field)
  • Near public transit (from a listing field)
  • Elevator (from the description)“…aturing a brand-new passenger elevator, multiple restrooms on each f…”

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Basement

  • Finished

Construction

  • Brick

Lot

  • Corner Lot

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Brooklyn or medical building in Brooklyn.

Why this listing is on Commercial Only

  • Property type as the listing describes it. (description: "…pplications, including medical offices, urgent care facilities, daycare/senior care centers…")
  • MLS property class detail. (PropertyTypeDetail: comm-building)

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Price and status history

  • Original list price reported by the brokerage: $7,500,000

Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

Guides

Listing courtesy of CAPLINE CONSOLIDATED LLC. Listing agent: Robert Shiryak. Listings provided by MyStateMLS.

Listing last modified at the source Sep 11, 2026, 2:20 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 11:30 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.