NOT LISTED FOR SALE

898 Gates Ave Brooklyn, NY 11221

Bed-Stuy Neighborhood

Estimated Value: $1,494,000 - $1,799,000

6 Beds
4 Baths
2,800 Sq Ft
$589/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $1,560,000 $557 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,254/month

49 Days on Market

About This Home

As of February 2022

Welcome to 898 Gates Avenue; an immaculately well-kept 20?-wide legal two-family townhouse originally built in 1899, currently being used like a three in the heartbeat of Bedford-Stuyvesant. This charming home offers a sprawling two-bedroom, two-bathroom lower duplex with a windowed eat-in-kitchen, private garden, wet bar, laundry, original fireplace mantel details & cellar access. The top two floors offer the opportunity to use an upper duplex featuring an open kitchen with granite island & countertops, warm exposed brick detail, crisp plank flooring, along with two generously proportioned bedrooms, two full bathrooms & home offices.

898 Gates Avenue is a tremendous opportunity to own a multi-family townhouse in arguably one of Brooklyn?s hottest neighborhoods at an incredible value! Enjoy low taxes & premium building proportions for a savvy investment. With an FAR (floor-area-ratio) of 3, you also have approximately 3,200 buildable square feet to expand on your home even further, paving the way for a potential condo conversion as well. The opportunities are endless while being within the epicenter of Brooklyn and close proximity to neighborhood amenities such as cafes, restaurants, parks, transportation & many more.



Contact us today for a private tour!

Last Agent to Sell the Property

Daniel Kandinov

Corcoran Group License #10401279436 Listed on: 10/14/2021

Corcoran Group

Co-Listed By

Natalia Kaminskaya

Corcoran Group License #10401297888

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,214

Lot Details

  • 2,004

Home Design

Interior Spaces

  • 4-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Block 01637

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,214

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 10

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 4

Tax Info

  • Tax Block: 01637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2021
Closed on
Feb 10, 2022
Sold by
Figueroa Jasmine and Sanchez Violeta
Bought by
Anspach Easton
Seller's Agent
Daniel Kandinov
Corcoran Group
List Price
$1,580,000
Sold Price
$1,560,000
Premium/Discount to List
-$20,000
-1.27%
Current Estimated Value
$1,649,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,156
Avg. Annual Appreciation
1.58%
Original Mortgage
$1,248,000
Outstanding Balance
$1,163,264
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$485,892

Purchase Details

Closed on
Jan 16, 2009
Sold by
Sanchez Violet and Sanchez Violeta
Bought by
Figueroa Jasmine and Sanchez Violeta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,000
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2006
Sold by
Pacheco Gloria
Bought by
Sanchez Violet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,120
Interest Rate
6.59%

Purchase Details

Closed on
Apr 25, 2005
Sold by
Nunez Jesus and Sanchez Violet
Bought by
Pacheco Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,600
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 1999
Sold by
Sanchez Henry
Bought by
Nunez Jesus and Sanchez Violet

Purchase Details

Closed on
Apr 19, 1996
Sold by
Daniel Properties Inc
Bought by
Sanchez Henry and Sanchez Severo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,025
Interest Rate
7.81%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Anspach Easton $1,560,000 --
Anspach Easton $1,560,000 --
Figueroa Jasmine -- --
Figueroa Jasmine -- --
Sanchez Violet -- --
Sanchez Violet -- --
Pacheco Gloria $430,000 --
Pacheco Gloria $430,000 --
Nunez Jesus -- Commonwealth Land Title Ins
Nunez Jesus -- Commonwealth Land Title Ins
Sanchez Henry $169,000 First American Title Ins Co
Sanchez Henry $169,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anspach Easton $1,248,000
Closed Anspach Easton $156,000
Closed Anspach Easton $1,248,000
Previous Owner Figueroa Jasmine $402,000
Previous Owner Sanchez Violet $384,120
Previous Owner Pacheco Gloria $343,600
Previous Owner Sanchez Henry $167,025
Closed Sanchez Violet $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Off Market $1,560,000 -- --
02/10/2022 02/10/22 Sold $1,560,000 -1.3% $557 / Sq Ft
10/14/2021 10/14/21 For Sale $1,580,000 -- $564 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $3,214 $103,500 $22,200 $81,300
2024 $3,214 $92,700 $22,200 $70,500
2023 $3,224 $84,480 $22,200 $62,280
2022 $2,991 $82,380 $22,200 $60,180
2021 $2,975 $90,360 $22,200 $68,160
2020 $1,395 $84,720 $22,200 $62,520
2019 $2,790 $69,240 $22,200 $47,040
2018 $2,697 $13,231 $6,142 $7,089
2017 $2,545 $12,484 $5,892 $6,592
2016 $2,355 $11,779 $7,501 $4,278
2015 $1,201 $11,113 $7,960 $3,153
2014 $1,201 $11,113 $6,764 $4,349
Source: Public Records

Agents Affiliated with this Home

  • Daniel Kandinov

    Seller's Agent in 2022

    Daniel Kandinov

    Corcoran Group

    (646) 483-8600

    22 in this area

    52 Total Sales

    Daniel Kandinov
    Section Image
  • Natalia Kaminskaya

    Seller Co-Listing Agent in 2022

    Natalia Kaminskaya

    Corcoran Group

    (347) 414-2806

    16 in this area

    39 Total Sales

    Natalia Kaminskaya
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10755459

Real Estate Board of New York (REBNY)

APN: 01637-0022

New York Kings County Brooklyn 11221 Bed-Stuy

898 Gates Ave, Brooklyn, NY

This home is located at 898 Gates Ave, Brooklyn, NY 11221 since 14 October 2021 and is currently estimated at $1,649,156, approximately $588 per square foot. 898 Gates Ave is a home located in Kings County with nearby schools including P.S. 309 George E. Wibecan Preparatory Academy, La Cima Charter School, and Brooklyn Excelsior Charter 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.

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. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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