$1,720,000
Updated 8 years ago
Sold

286 Gates Ave

Bedford Stuyvesant, Brooklyn | Franklin Ave & Bedford Ave

14 Rooms8 Beds4 Baths2,550 Square FeetMulti-Family

$1,720,000
floors / apts4 / 4
Lot Size17'x110'
Built Size17'x50'
ZoneR6B
Building TypeTownhouse
RE Taxes$4,275
Price Per SF
$675

This property was sold for $1,720,000 on 05/17/18.

Outdoor space and views

  • Backyard

Building Amenities

  • Garden

Property Description for 286 Gates Ave

Introducing 286 Gates Ave, a great opportunity for an investor or a homeowner to reside in the duplex and let the income from the other 3 units pay their mortgage. This solid, brick building is situated on one of the best blocks in Bedford-Stuyvesant near the border of Clinton Hill. This legal four family consists of three, floor-through, two bedroom apartments and one duplex apartment with the first floor and garden combined. The duplex apartment can easily be used as a 2 or 3 bedroom with a spacious living room in the basement. The garden level contains full windows for extra light and has separate access from the front. Additionally, it has access to the backyard via a rear door. The floor-through apartments are configured with spacious two bedrooms and a living room between. Each living room has a window on the side for extra light. With minor cosmetic upgrades, this structurally solid building can be converted into a high income yielding rental property, or it can be converted into a boutique condominium. Furthermore, it can be quite suitable for an occupying homeowner to live spaciously for free. Constructed on a 1700 SF lot with building dimensions of 17 x 50 SF and over 4200 total finished SF. Located only a few blocks from the C, S shuttle and G trains. The area is populated with plenty of amenities including trendy restaurants, supermarkets, cafes and a YMCA.

Listing History for 286 Gates Ave

Now
01/08/2018
Contract Signed by Wendy Hu
Corcoran
01/08/2018
Back on the Market by Wendy Hu
Corcoran

Building Details for 286 Gates Ave

OwnershipMulti-Family
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

Franklin Av
0.29 miles
Bedford-Nostrand Avs
0.31 miles
Classon Av
0.35 miles
Nostrand Av
0.43 miles

Citi Bike

Monroe St & Bedford Ave
0.08 miles
Franklin Ave & Quincy St
0.1 miles

Contact Agents

Contact Agents

Wendy Hu
Corcoran
Kashif Khan
Corcoran

Bedford Stuyvesant | Brooklyn

Quick Profile

Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood. 

Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue. 

At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces. 

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: 64380TH