1 month 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 TypeQuadruplex
ParkingOn Street
Year Built1899
HeatingNatural Gas, Hot Water
CoolingNone
MLS #L3592074
StatusActive

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!, Additional information: Appearance:Excellent

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:

  • Flooring Type: Hardwood
  • Interior: Cathedral Ceiling(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit

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

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

197 Gates Ave vs New York

33 DAYS ON ROCKET

-52 Days

$1,495,000

+$644.8K More

$369/SqFt

-$299 Less

KEY TAKEAWAY

This property is $644.8K more than the Median Sold Price and $299/SqFt less than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #L3592074

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: 12/22/2024, 10:56:49 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-1136749
5
/10

  • P.S. 56 Lewis H. Latimer School

  • 170 Gates Ave

  • 0.06 miles

  • Public District Grades KG-6

school-card-donut-1136750
3
/10

  • P.S. 3 The Bedford VillageSchool

  • 50 Jefferson Ave

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-1136751
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. Residents typically live in single, no kids family. 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 was built in 1899. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,495,000.

While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. The number of listings in New York, NY decreased by 7.2% between October 2024 and November 2024. In November 2024 median list price was $850,115 and the average listing age was 85 days.

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

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