1597 Gates Ave Brooklyn, NY 11237
Bushwick NeighborhoodEstimated payment $11,671/month
Highlights
- Tudor Architecture
- Baseboard Heating
- 1-minute walk to Myrtle-Wyckoff Avenues
About This Home
**Hot Deal - Rental King, Ridgewood**: 3 Storefronts + 2 Residential Units for Sale **Front Building**: - Ground Floor: Storefront - Second Floor (Front): 1Bedrooms, 1 Bathroom - Rear Unit: 1 Bedrooms, 1 Bathroom - Beautifully finished basement with high ceilings **Rear Building**: - Ground Floor: 2 Bedrooms, 1 Bathroom - Second Floor: 2 Bedrooms, 1 Bathroom - Basement: full finish basement Total Area: 5,370 sq. ft. Excellent condition! Recently fully renovated, move-in ready. **Zoning**: C1-3, R6 – Mixed-use zoning for 3 storefronts and 2 residential units. An exceptional investment opportunity! **Utilities**: Stable rental income with 6 electric meters and 5 gas meters. **Prime Location**: - Across from Food Bazaar - Close to banks, pharmacies, supermarkets, gyms, and restaurants. **Convenient Transportation**: - Only a 3-minute walk to the L train with direct access to Manhattan. good investment opportunities. Must see, Easy show
Property Details
Home Type
- Mobile/Manufactured
Est. Annual Taxes
- $31,647
Year Built
- Built in 2010
Home Design
- Tudor Architecture
- Brick Exterior Construction
Interior Spaces
- 5,370 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
- Gas Oven
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Schools
- Ps 116 Elizabeth L Farrell Elementary School
- JHS 162 Willoughby Middle School
- Brooklyn School For Social Justice High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Heating System Uses Natural Gas
- Private Water Source
- Cable TV Available
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,014 | $479,700 | $83,250 | $396,450 |
| 2024 | $35,014 | $449,100 | $83,250 | $365,850 |
| 2023 | $31,647 | $393,750 | $83,250 | $310,500 |
| 2022 | $29,522 | $306,900 | $83,250 | $223,650 |
| 2021 | $21,655 | $202,500 | $83,250 | $119,250 |
| 2020 | $15,127 | $300,600 | $83,250 | $217,350 |
| 2019 | $29,372 | $282,600 | $83,250 | $199,350 |
| 2018 | $29,429 | $279,900 | $83,250 | $196,650 |
| 2017 | $29,003 | $275,850 | $83,250 | $192,600 |
| 2016 | $26,436 | $255,150 | $83,250 | $171,900 |
| 2015 | $3,067 | $303,300 | $83,250 | $220,050 |
| 2014 | $3,067 | $291,600 | $83,250 | $208,350 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | Off Market | $1,650,000 | -- | -- |
| 02/02/2025 02/02/25 | For Sale | $1,650,000 | -- | $307 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $350,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $600,000 | Commercial | |
| Closed | $350,000 | Commercial | |
| Previous Owner | $129,500 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: OneKey® MLS
MLS Number: 819870
APN: 03338-0041
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