2 months on rocket

161 Gates Ave, Brooklyn, NY, 11238

$2,700,000

4 Bedrooms
4 Full Baths
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1918
HeatingOther
CoolingNone
MLS #L3585029
StatusActive

About 161 Gates Ave

Discover this beautiful four-family townhouse in the highly sought-after neighborhood of Clinton Hill, Brooklyn. This property features four renovated one-bedroom apartments, each boasting hardwood floors, original finishes, and an abundance of natural light. The garden apartment offers the added luxury of a bonus room and an expansive outdoor space, perfect for entertaining or enjoying peaceful moments. All units are equipped with stainless steel appliances, ensuring modern convenience, and the entire property is fully tenanted with an average rent of $3,500 providing return on investment. Situated in a tree-lined area surrounded by classic brownstones, this vibrant community offers proximity to the Clinton-Washington C and G trains, as well as a variety of local restaurants and shops. Whether you're an investor or a future homeowner looking to settle in this charming neighborhood, this is a rare opportunity not to be missed!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1918

Listing Office:

  • Office Name: Coldwell Banker Reliable R E
  • Office Phone: (718) 921-3100

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,700,000

Tax Information:

  • Annual Amount: $24,575
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

161 Gates Ave vs Brooklyn

69 DAYS ON ROCKET

-42 Days

$2,700,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #L3585029

Listing Office:

  • Office Name: Coldwell Banker Reliable R E
  • Office Phone: (718) 921-3100

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The 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 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 9:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 09, 2000Home Sold
$324,500

Tax History

YEARPROP. TAXASSESSMENT
2020$24,575$544,050
2019$24,575$544,050
2018$21,487$168,936
2017$21,102$168,936

History based on county public records data.

Payment Calculator

$13.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,161

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1084467
5
/10
  • P.S. 56 Lewis H. Latimer School

  • 170 Gates Ave

  • 0.05 miles

  • Public District Grades KG-6

school-card-donut-1084468
9
/10
  • P.S. 11 Purvis J. Behan School

  • 419 Waverly Ave

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-1084469
1
/10
  • P.S. 270 Johann DeKalb School

  • 241 Emerson Pl

  • 0.34 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $81,149. Most Brooklyn, NY residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›New York›Kings County›Brooklyn›11238›161 Gates Ave

This home is located at 161 Gates Ave in Brooklyn, NY and zip code 11238 in the Northwestern Brooklyn neighborhood. This home was built in 1918. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $2,700,000.

In November 2024 more than 28 listings in Brooklyn, NY were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 161 were sold below. Between October 2024 and November 2024, Brooklyn, NY real estate market has seen decrease in the number of listings by 10.5%. The median list price of listings available in November 2024 was $979,913, while the average time on the real estate market was 111 days.

From Rocket Homes Real Estate and based on county public records data.

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