332 Gates AvenueLoading

Townhouse For Sale Brooklyn, Bedford-Stuyvesant

Web ID # RLS20010221

Listed: 03/19/2025

Days on Market: 38 days

$5,000,000Loading

12 Beds 7 Baths

Mortgage Est: $.../month

332 Gates Avenue
332 Gates Avenue
332 Gates Avenue
332 Gates Avenue

Townhouse For Sale Brooklyn, Bedford-Stuyvesant

Web ID # RLS20010221

Listed: 03/19/2025

Days on Market: 38 days

12 Beds 7 Baths

Mortgage Est: $.../month

  Listing Courtesy of Douglas Elliman Real Estate

  Alexander Maroni

Contact Agent

Gea Elika

 212-590-0540

Inquire about 332 Gates Avenue


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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.

Highlights

  • Central Air

Building Information

  • Building Type: Townhouse
  • Year Built: 1910

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$/month
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Your mortgage payments over years will add up to .
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Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

Mortgage Financing Costs

Mortgage Recording Tax
Title Insurance
Bank Attorney Fee
Loan Application Fee
Appraisal Fee
Mortgage Recording Fee
Aztech Recognition Agreement Fee
UCC-1 Filing Fee

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
  View Post Closing Liquidity Calculator
$
$
Property Type
Amount Financed
$
$
$
$
$
$
$
Estimated Closing Costs
$
Post-closing liquidity without 401k
months
Post-closing liquidity with 401k
months
  View more details
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%

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