new - 1 day on rocket

197 Gates Ave, Clinton Hill, NY, 11238

$1,495,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
4 Full Baths
4,048 SqFt
$369/SqFt
Multi

Location

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197 Gates Ave, New York$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1899
HeatingNatural Gas, Hot Water
CoolingNone
MLS #3592074
Lot Size0.04 Acres
StatusActive
(A)

About 197 Gates Ave

Remarkable, newly listed four-family townhouse in Clinton Hill is a fantastic investment opportunity for you! A total of 4 units consisting of 2-three bedroom one bathroom apartments and 2-two bedroom one bathroom apartments that each occupy an 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. Property is fully occupied. The tenant are rent stabilize for the duration of j-51 abatement. AND IT WOULD NOT BE DELIVERED VACANT. 22ft X 40ft. 4,048 sq ft. The 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. Don't miss out on this incredible opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1899
  • Living Area: 4,048 SqFt

Listing Office:

  • Office Name: Peace of Mind Realty
  • Office Phone: (347) 221-0100

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Cathedral Ceiling(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: Use GPS for directions

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $369/SqFt
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

197 Gates Ave vs New York

1 DAY ON ROCKET

-83 Days

$1,495,000

+$638.8K More

$369/SqFt

-$276 Less

KEY TAKEAWAY

This property is $638.8K more than the Median Sold Price and $276/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3592074

Listing Office:

  • Office Name: Peace of Mind Realty
  • Office Phone: (347) 221-0100

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: 11/20/2024, 10:56:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

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-159232
5
/10

  • P.S. 56 Lewis H. Latimer School

  • 170 Gates Ave

  • 0.06 miles

  • Public District Grades KG-6

school-card-donut-159233
3
/10

  • P.S. 3 The Bedford VillageSchool

  • 50 Jefferson Ave

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-159234
9
/10

  • P.S. 11 Purvis J. Behan School

  • 419 Waverly Ave

  • 0.31 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $81,149. Most New York, NY residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›New York›11238›197 Gates Ave

This home is located at 197 Gates Ave in Clinton Hill, NY and zip code 11238 in the Northwestern Brooklyn neighborhood. This 4,048 square foot home, which was built in 1899, sits on a 0.04 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,495,000.

Over 269 listings were sold over their listed price in October 2024 in New York, NY. In the same period over 833 listings were sold below the listed price and 850 listings were sold for the listed price. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. In October 2024 median list price was $856,124 and the average listing age was 84 days.

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

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