$975,000
Updated 7 years ago
Sold

1187 Gates Ave

Bushwick, Brooklyn | Bushwick Ave & Evergreen Ave

9 Rooms6 Beds3 Baths2,492 Square FeetMulti-Family

$975,000
floors / apts3 / 2
Lot Size19'x100'
Built Size19'x32'
ZoneR6
Building TypeTownhouse
RE Taxes$1,140
Price Per SF
$391

This property was sold for $960,000 on 10/16/19.

Outdoor space and views

  • Backyard

Property Description for 1187 Gates Ave

Presenting 1187 Gates Ave, this three story, 19 FT wide, two family property plus a finished basement and a 100+ SF extension on each floor, in total, yields over 3000 SF of interior space. Located in Bushwick near to the Gates Ave J & Z train station and currently arranged as 3 separate units, 1187 Gates Ave is an attractive opportunity for the investor in the know or an end user to convert and reside in an upper duplex while collecting a considerate rental income from the two bedroom garden unit. The top floor was recently gut renovated and features two, spacious bedrooms on either end and a dual living + kitchen combination in the center, brand new hardwood flooring, kitchen cabinetry and counter tops. The second floor has 2 bedrooms and is currently occupied with a tenant. The building layout could be alternatively reconfigured as floor though, 3 bedroom apartments. The garden floor currently has exclusive access to the backyard. With some creativity and personal touch, this building could be turned into your income producing, dream home. The mechanicals are in well maintained, working condition and were upgraded recently. Transportation into Manhattan via the Gates ave J & Z train stop is conveniently accessible by a mere 2 blocks. Bushwick enjoys an established entertainment, culinary and bar scene, while welcoming frequent, new additions that complement the existing street scene.

Listing History for 1187 Gates Ave

Now
10/16/2019
$960,000
Sold and Closed by Kashif Khan
Compass
07/15/2019
Contract Signed by Kashif Khan
Compass

Building Details for 1187 Gates Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Gates Av
0.21 miles
Halsey St
0.43 miles
Knickerbocker Av
0.45 miles
Kosciuszko St
0.48 miles

Citi Bike

Bushwick Ave & Linden St
0.1 miles
Madison St & Evergreen Ave
0.16 miles

Contact Agents

Contact Agents

Wendy Hu
Compass

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 75153TH