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197 Gates Avenue Brooklyn, NY 11238
$1,495,000
  • For Sale
  • 4048 SqFt
  • Year Built 1899
  • Single Family
  • ML# 3592074

Property Details

Overview

Remarkable, newly listed four-family townhouse in Clinton Hill is a fantastic investment opportunity for you!Currently occupied by paying tenants. Featuring: 4 units consisting of 2-three bedroom one bathroom apartments and 2-two bedroom one bathroom apartments that each occupy the entire floor, high ceilings, large windows, hardwood floors, a large backyard and a cellar for extra storage.Well-maintained in great condition, this property offers a unique blend of comfort and investment potential. It also comes with a J-51 tax abatement up to 2041.22ft X 40ft. 4, 048 sq ftTenants are rent stabilized for the duration of the tax abatement. Property will not be delivered vacantThe prime location offers excellent accessibility, with the G train at Classon Avenue and the C train at Clinton-Washington Avenue. Nearby, you’ll find Pratt Institute, St. Joseph’s College, and Long Island University, as well as cultural attractions like the Museum of Contemporary African Diasporan Arts, the Brooklyn Museum, and the Brooklyn Children’s Museum. Foodies will love the local dining scene with favorites like Clementine Bakery, Hart’s Mediterranean, Rustik Tavern, Sisters Restaurant, Olea, and Aita. Plus a plethora of entertainment and shopping options makes this neighborhood a vibrant place to live.

Key Facts

  • SqFt: 4048.00
  • Style: Townhouse
  • Lot Sq Ft: 1839
  • Taxes: $2,957
  • School District: Academy Of Arts And Letters
  • Zoning: R6B
  • Block: 1972
  • Lot: 33

Additional Features

  • Construction Materials: Block
  • Interior Features: 
    Cathedral Ceiling(s)
  • Parking Spaces: Yes
  • Parking Facilities: On Street
  • Wood Floors: Yes

Rooms & Floor Plans

  • Other: 22

Interior & Utilities

  • Heat: Natural Gas, Hot Water
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $2,957
Listing Information provided courtesy of Peace of Mind Realty  347-221-0100
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Jeanne Posillico Leonard

Jeanne Posillico Leonard

Licensed Associate Broker

Direct: 631.692.9298 Email: