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Listing Courtesy of Douglas Elliman Real Estate
$2,650,000
Est. payment /mo
6 Beds
4 Baths
UPDATED:
02/25/2025 06:35 PM
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20005049
Bedrooms 6
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1910
Annual Tax Amount $5,820
Property Sub-Type Townhouse
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.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Fireplace No
Laundry In Unit
Exterior
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $485
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by Brooklyn Heights Real Estate