Updated 8 years ago
Sold
108 Gates Ave
Clinton Hill, Brooklyn | Cambridge Place & Saint James Place
13 Rooms7 Beds6 Baths4,500 Square FeetRental Property
$3,151,000
floors / apts4 / 3
Lot Size20'x90'
Built Size20'x45'
ZoneR6B
Building TypeTownhouse
RE Taxes$7,392
Price Per SF
$700
This property was sold for $3,151,000 on 10/21/15.
Outdoor space and views
- Backyard
- Deck [20'x8']
Building Amenities
- Voice Intercom
- Second Entry
- Stoop Entry
Property Description for 108 Gates Ave
Grand 4500SF Brownstone in Prime Clinton Hill. Currently a 3 family house with $7,550/mo income, prepped and ready for final renovations. Located on one of Clinton Hills most desired brownstone blocks, this 20 x 45 five story property provides a fantastic opportunity for an owner/landlord to renovate and occupy garden/parlor duplex or investor seeking generous returns.
Five large floors (with additional cellar) contain a garden/parlor duplex, a third floor floor-through, and a fourth and fifth floor duplex. The building has recently been improved with new roof, windows, rear facade restoration and is mechanically and structurally solid. Individual meters and heating for each unit in place.
Upper duplex and floor thru apartment in wonderful, upgraded condition. Upper duplex has tenant thru June 2015 paying $4600 per month, floor thru lease is $2950 per month and ends May 2016. Parlor and garden floors are mid renovation with walls and floors removed, ready to be finished out as a beautiful owner's duplex or luxury rental unit. DOB permits in place for this final project, including landmark approval. A wonderful opportunity for those buyers looking for a turnkey renovation project with immediate income and low carrying cost. Cash buyers preferred. 3 blocks to Clinton/Washington C train stop. Great local restaurants: Locanda Vini e Olii, Aita, NeroDoro, Choice Market, Sisters, Speedy Romeo , Urban Vintage. Walk to Ft. Greene Park, Pratt Institute, BAM & Barclays Center.
Five large floors (with additional cellar) contain a garden/parlor duplex, a third floor floor-through, and a fourth and fifth floor duplex. The building has recently been improved with new roof, windows, rear facade restoration and is mechanically and structurally solid. Individual meters and heating for each unit in place.
Upper duplex and floor thru apartment in wonderful, upgraded condition. Upper duplex has tenant thru June 2015 paying $4600 per month, floor thru lease is $2950 per month and ends May 2016. Parlor and garden floors are mid renovation with walls and floors removed, ready to be finished out as a beautiful owner's duplex or luxury rental unit. DOB permits in place for this final project, including landmark approval. A wonderful opportunity for those buyers looking for a turnkey renovation project with immediate income and low carrying cost. Cash buyers preferred. 3 blocks to Clinton/Washington C train stop. Great local restaurants: Locanda Vini e Olii, Aita, NeroDoro, Choice Market, Sisters, Speedy Romeo , Urban Vintage. Walk to Ft. Greene Park, Pratt Institute, BAM & Barclays Center.
Building Details for 108 Gates Ave
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/3
Transit and Citi Bike
Subway
Clinton-Washington Avs
0.15 miles
Clinton-Washington Avs
0.3 miles
Classon Av
0.35 miles
Franklin Av
0.41 miles
Citi Bike
Cambridge Pl & Gates Ave
0.03 miles
Fulton St & Waverly Ave
0.16 miles
Clinton Hill | Brooklyn
Quick Profile
Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.
The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.
New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.
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: 59264TH
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