962 Gates Ave., Brooklyn, NY 11221 - MLS OLRS-0048272 | Berkshire Hathaway HomeServices New England Properties
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  • 962 Gates Ave., Brooklyn, NY 11221
  • $1,575,000
  • 7 BedroomBedrooms
  • 0.0 BathroomBathrooms
  • 0 Full BathroomFull Bathrooms
  • 0 Half BathroomHalf Bathrooms
  • 3,350 Sqft
  • Sold On 8/20/2018

962 Gates Ave., Brooklyn, NY 11221

  • Open House
  • New Listing
  • 7 BedroomBedrooms
  • 0.0 BathroomBathrooms
  • 3,350 Sqft
  • Townhouse
  • MLS# OLRS-0048272
  • Sold On 8/20/2018
0 More Schedule
  • Price Reduced$120,000

Property Information

  • MLSOLRS-0048272
  • Zip Code11221
  • TypeTownhouse
  • Bedrooms7
  • Sq. Ft.3, 350
  • Year Built1899

Welcome to 962 Gates Avenue, the largest fully renovated 2-family 3-story townhouse on the market in the sought-after neighborhood of Bedford-Stuyvesant. This oversized townhouse of over 3,350 square feet has un-rivaled dimensions of 19.5’ x 57.5’ on a 19.5’ x 100’ lot. In addition, it includes a fully finished basement of 550 square feet. The house consists of a massive light-filled 2,243 square foot upper duplex and a 1,123 square foot floor-through garden apartment with private access to the additional basement. The upper duplex begins with an impressive open living/dining/kitchen lay out of 750 square feet with 2 gorgeous marble fireplace mantels. Off the back of the open concept chef kitchen is an art room leading to a private deck overlooking the back garden. The rest of the apartment boasts 4 oversized bedrooms, 3 full bathrooms, 11-foot high ceilings on the parlor floor and 10-foot high ceilings on the top floor. The garden floor apartment features 3 generous bedrooms, an open chef kitchen with stainless steel appliances, a very large living/dining room, private access to a 550 square feet south-facing garden and its own fully finished basement currently used as a music studio. Exposed brick walls throughout the house add charm and character to both apartments which are also equipped with central air, personal thermostats and their own washer/dryers. The house was renovated in 2014/2015 and includes new mechanicals, high efficiency HVAC systems, new water boilers and new plumbing and electrical systems. Each apartment is separately metered for gas and electric. 962 Gates Avenue is ideally located one block away from the J/M/Z train (Gates Ave train station), and minutes from the express A/C train (Utica train station) allowing for easy access to the city. It is also a stone throw way from the neighborhood favorites such as Saraghina, Peach, L’Antagoniste, Casablanca, The Wilky, Bar Lunatico, Manny’s and Chez Alex Bakery. This is a rare turnkey opportunity for whether a family who would live in one of the apartments and collect high rental income from the other apartment or an investor who would collect over $86,000 per year in rental income. The house benefits from a R6A zoning with a an attractive FAR of 3.0 and has additional air rights of up to 2,600 square feet.

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Listing courtesy of:  Compass