REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Douglas Elliman Real Estate
$ 5,000,000
Est. payment | /mo
12 Beds
7 Baths
$ 5,000,000
Est. payment | /mo
12 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bedford-Stuyvesant
MLS Listing ID RLS20010221
Bedrooms 12
Half Baths 2
HOA Y/N No
Year Built 1910
Annual Tax Amount $9,708
Property Sub-Type Multi Family
Property Description
PACKAGE SALE OF 330 & 332 GATES. $243K NOI CURRENT, $265K PRO FORMA. 330 & 332 Gates Avenue offers two spacious three-family townhouses spanning approximately 3,250 square feet each (6,500 SQFT total) on one of the most desirable blocks at the Clinton Hill/Bed-Stuy border. The 18'' x 45'' buildings are configured as four three-bedroom, one-bathroom floor-through units above two two-bedroom, one-and-a-half-bathroom parlor/basement duplex. Impeccably maintained and fully rented, the properties generates over $266K in annual rental income with exceptionally low expenses, yielding a net income of approximately $243K. 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 either of the duplexes while earning over $7,000 per month from the upper units (in each building). These buildings are perfect to create a massive single-family home, a larger development site, or an opportunity to acquire six totally unregulated apartments, update them, and increase the rents. 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
Fireplaces Number 1
Fireplaces Type Decorative
Fireplace Yes
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 $809
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Real Broker, LLC
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!