330 Gates Avenue

Bedford Stuyvesant   |   Bedford Avenue & Nostrand Avenue

New This Week
Building For Sale
$ 2,650,000
Ownership Multi-Family
Lot Size 17'x100'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 5,820
Building Type Townhouse
Building Size 17'x54'
Year Built 1910
ASF/ASM 3,550/330
Listing ID: 79903TH

Jason Bauer

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Manager, Licensed Associate Real Estate Broker

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Property Description

330 Gates Avenue is a spacious three-family townhouse spanning approximately 3,550 square feet on one of the most desirable blocks at the Clinton Hill/Bed-Stuy border. The 18' x 54' building is configured as two three-bedroom, one-bathroom floor-through units above a two-bedroom, one-and-a-half-bathroom parlor/basement duplex.

Impeccably maintained and fully rented, the property generates over $100K in annual rental income with exceptionally low expenses, yielding a net income of approximately $90K. With a strong rent roll and significant upside potential, this is a secure investment opportunity. It also offers a fantastic option for an end-user looking to live in the duplex while earning over $5,000 per month from the upper units.

This property could also be purchased with the adjacent identical building, 332 Gates, to create a massive single-family home, a larger development site, or an opportunity to acquire six totally unregulated apartments.

Ideally located near the G and C trains, the home provides easy access to Barclays Center, BAM, Pratt Institute, and Fort Greene Park. The neighborhood's vibrant dining and nightlife scene includes Speedy Romeo, Harts, The Fly, Bar Bolinas, Tepango, The Finch, and Roman's.

330 Gates Avenue is a spacious three-family townhouse spanning approximately 3,550 square feet on one of the most desirable blocks at the Clinton Hill/Bed-Stuy border. The 18' x 54' building is configured as two three-bedroom, one-bathroom floor-through units above a two-bedroom, one-and-a-half-bathroom parlor/basement duplex.

Impeccably maintained and fully rented, the property generates over $100K in annual rental income with exceptionally low expenses, yielding a net income of approximately $90K. With a strong rent roll and significant upside potential, this is a secure investment opportunity. It also offers a fantastic option for an end-user looking to live in the duplex while earning over $5,000 per month from the upper units.

This property could also be purchased with the adjacent identical building, 332 Gates, to create a massive single-family home, a larger development site, or an opportunity to acquire six totally unregulated apartments.

Ideally located near the G and C trains, the home provides easy access to Barclays Center, BAM, Pratt Institute, and Fort Greene Park. The neighborhood's vibrant dining and nightlife scene includes Speedy Romeo, Harts, The Fly, Bar Bolinas, Tepango, The Finch, and Roman's.


Listing Courtesy of Douglas Elliman Real Estate

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Apartment Features

A/C
330 Gates Avenue Bedford Stuyvesant Brooklyn NY 11216

Building Details [330 Gates Avenue]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 1812/15
Building Size 17'x54'
Zoning R6B
Building Type Townhouse
Year Built 1910
Floors/Apts 3/3
Lot Size 17'x100'

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.