sort of, the passive loss you could not deduct becomes an ordinary deduction which will show up on schedule E.
your gain is sales price net of selling expenses less the cost reduced by depreciation.
example
net sales price 100
cost 50
depreciation 15
gain 100 - (50-15) = 100-35=65
in this example you will have a 15 loss from the passive suspended loss allowed a section 1250 gain of 15 and a long-term gain (assuming holding period over 1 year) of 50
