NOT LISTED FOR SALE

212 Gates Ave Brooklyn, NY 11238

Bed-Stuy Neighborhood

Estimated Value: $1,875,000 - $2,458,000

7 Beds
5 Baths
2,438 Sq Ft
$874/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2018

Last sale price $1,799,000 $738 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $11,974 / mo

89 Days on Market

About This Home

As of August 2018

AMAZING OPPORTUNITY to purchase a fantastic two family townhouse on Gates Avenue in Clinton Hill!
Perfect for an owner occupied duplex with rental unit above - or - as income producing rental property with a CAP RATE of 4% in a rapidly appreciating area!

Apartment 1: a super spacious ground & first floor duplex with 4 bedrooms, 3 Baths and a large backyard.
Apartment 2: a large 3 bedroom, 2 bath unit with a private entrance. Both apartments have hardwood floors, a large full kitchen and a washer dryer hook up. The top floor features a skylight.

Apartment # 1 rented at $3955, Apartment # 2 rented at $3000

The building meaures 2,438 Sq Ft (22.17 Ft 55 Ft) with 4,416 Sq Ft of buildable and 1,987 Sq Ft of air rights

Close to shoping, arts & entertainment with easy access to G and C Trains at Clinton Washington & Franklin and Classon.

Last Agent to Sell the Property

Peter Diaz

Compass License #10401210427 Listed on: 05/03/2018

Compass

Co-Listed By

Richard Murray*

Corcoran Group License #10401229402

Property Details

Home Type

  • Multi-Family

Lot Details

  • Garden

Home Design

  • Duplex

Interior Spaces

  • 2,438 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 1985

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Classon Avenue and Franklin Avenue
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: OTHER
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2438.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Bathrooms Integer: 5
  • Bedrooms: 7

Exterior Features

  • Exterior Features: Garden

Building Info

  • Units: 2
  • Total Stories: 2

Tax Info

  • Tax Block: 1985

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Aug 31, 2018
Sold by
Bought by
Seller's Agent
Peter Diaz
Compass
List Price
$1,799,000
Sold Price
$1,799,000
Current Estimated Value
$2,130,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,455
Avg. Annual Appreciation
2.18%
Original Mortgage
$1,439,200
Outstanding Balance
$1,234,373
Interest Rate
4.6%
Mortgage Type
Unknown
Estimated Equity
$896,082

Purchase Details

Closed on
Nov 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,600
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
7.52%

Purchase Details

Closed on
Feb 27, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,799,000 --
$439,500 --
$355,000 Omni Title
$90,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,439,200
Previous Owner $351,600
Previous Owner $332,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $1,799,000 -- --
08/31/2018 08/31/18 Sold $1,799,000 0.0% $738 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $1,799,000 -- $738 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,404 $80,040 $18,240 $61,800
2025 $6,041 $91,860 $18,240 $73,620
2024 $6,041 $91,800 $18,240 $73,560
2023 $6,108 $103,500 $18,240 $85,260
2022 $4,469 $85,380 $18,240 $67,140
2021 $5,927 $92,580 $18,240 $74,340
2020 $2,779 $108,900 $18,240 $90,660
2019 $5,243 $101,340 $18,240 $83,100
2017 $5,071 $24,876 $5,273 $19,603
2016 $4,691 $23,468 $6,718 $16,750
2015 $2,830 $22,140 $8,834 $13,306
2014 $2,830 $20,887 $9,999 $10,888
Source: Public Records

Agents Affiliated with this Home

  • Peter Diaz

    Seller's Agent in 2018

    Peter Diaz

    Compass

    (516) 642-9881

    13 Total Sales

    Peter Diaz
    Section Image
  • Richard Murray*

    Seller Co-Listing Agent in 2018

    Richard Murray*

    Corcoran Group

    (646) 271-0577

    1 in this area

    71 Total Sales

    Richard Murray*
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10438739

Real Estate Board of New York (REBNY)

APN: 01985-0112

New York Kings County Brooklyn 11238 Bed-Stuy

212 Gates Ave, Brooklyn, NY

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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