$1,495,000
PENDING

197 Gates Ave Brooklyn, NY 11238

Clinton Hill Neighborhood

Estimated payment $8,211/month

Total Views 4,182
-- Bed
-- Bath
4,048 Sq Ft
$369 Price per Sq Ft

Highlights

  • Property is near public transit
  • 5-minute walk to Classon Avenue
  • Park
  • Cathedral Ceiling
  • Wood Flooring
  • 3-minute walk to Cuyler Gore Park

About This Home

Remarkable, newly listed four-family townhouse in Clinton Hill is a fantastic investment opportunity for you!

Currently occupied by paying tenants.

Featuring: 4 units consisting of 2-three bedroom one bathroom apartments and 2-two bedroom one bathroom apartments that each occupy the entire floor, high ceilings, large windows, hardwood floors, a large backyard and a cellar for extra storage.

Well-maintained in great condition, this property offers a unique blend of comfort and investment potential.
It also comes with a J-51 tax abatement up to 2041.
22ft X 40ft. 4,048 sq ft
Tenants are rent stabilized for the duration of the tax abatement.
Property will not be delivered vacant

The prime location offers excellent accessibility, with the G train at Classon Avenue and the C train at Clinton-Washington Avenue. Nearby, you’ll find Pratt Institute, St. Joseph’s College, and Long Island University, as well as cultural attractions like the Museum of Contemporary African Diasporan Arts, the Brooklyn Museum, and the Brooklyn Children’s Museum.

Foodies will love the local dining scene with favorites like Clementine Bakery, Hart’s Mediterranean, Rustik Tavern, Sisters Restaurant, Olea, and Aita. Plus a plethora of entertainment and shopping options makes this neighborhood a vibrant place to live.

Listing Agent

Chanel Clark

Peace of Mind Realty Brokerage Phone: 347-221-0100 License #10401290515 Listed on: 11/19/2024

Co-Listing Agent

Scarla Pineda

Peace of Mind Realty Brokerage Phone: 347-221-0100 License #10311209866

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,957

Year Built

  • Built in 1899

Lot Details

  • 1,839 Sq Ft Lot
  • Lot Dimensions are 22x83.58

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Block Exterior

Interior Spaces

  • 4,048 Sq Ft Home
  • Cathedral Ceiling
  • Wood Flooring

Location

  • Property is near public transit

Schools

  • Academy Of Arts And Letters Elementary School
  • Urban Assembly Unison Middle School
  • Bedford Academy High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 33 / 1972
  • Assessor Parcel Number 01972-0033

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,957

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Quadruplex
  • Year Built: 1899
  • Attribution Contact: 347-221-0100
  • Co List Office Mls Id: KEYPCE01
  • Co List Office Phone: 347-221-0100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s)
  • Flooring: Hardwood
  • Basement: None
  • Living Area: 4048
  • Basement YN: No
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Materials: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Description: On Street

Utilities

  • Cooling: None
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Schools

  • Middle School: Urban Assembly Unison School (The)

Lot Info

  • Lot Dimensions: 22x83.58
  • Lot Size Sq Ft: 1839
  • Lot Features: Near Public Transit, Near School, Near Shops
  • Parcel Number: 01972-0033
  • Property Attached: No
  • Additional Parcels: No
  • Zoning: R6B

Rental Info

  • Lease Considered: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 5
  • Separate Gas Meters: 5

Tax Info

  • Tax Annual Amount: 2957
  • Tax Block: 1972
  • Tax Lot: 33

MLS Schools

  • Elementary School: Academy Of Arts And Letters
  • High School: Bedford Academy High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2025 03/20/25 For Sale $1,495,000 0.0% $369 / Sq Ft
03/19/2025 03/19/25 Off Market $1,495,000 -- --
03/19/2025 03/19/25 Pending -- -- --
11/19/2024 11/19/24 For Sale $1,495,000 -- $369 / Sq Ft
Source: OneKey® MLS

Source: OneKey® MLS

MLS Number: L3592074

OneKey® MLS

APN: 01972-0033

New York Kings County Brooklyn 11238 Clinton Hill

197 Gates Ave, Brooklyn, NY

This home is located at 197 Gates Ave, Brooklyn, NY 11238 and is currently priced at $1,495,000, approximately $369 per square foot. This property was built in 1899. 197 Gates Ave is a home located in Kings County with nearby schools including P.S. 56 Lewis H Latimer, Clara Muhammad School Of Masjid Khalifah, and Bethel Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

OneKey® MLS The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.

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Listing Agent
Chanel Clark
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Peace of Mind Realty
(929) 930-6903