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Off market
  • $1,299,300

    1187 Gates Ave, Brooklyn, NY 11221

    6beds
    2,492sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $1,299,300 Zestimate®
    $521/sqft
    $3,626 Estimated rent

    Home value

    $1,299,300

    $1.12M - $1.49M

    $3,626/mo

    Zestimate® history
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    $3,626/mo

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    $3,626/mo

    Rent Zestimate®

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    $7,702/mo

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    $7,702/mo

    Est. payment

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    What's special

    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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Interior area
    • Total interior livable area: 2,492 sqft

    Property

    Lot
    • Size: 1,900 sqft
    Details
    • Parcel number: 033310019

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1920

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    5/4/2022Sold$10-100%
    Source: Public Record Report a problem
    10/29/2019Sold$960,000-1.5%$385/sqft
    Source: Public Record Report a problem
    7/13/2019Pending sale$975,000$391/sqft
    Source: Compass Report a problem
    2/18/2019Listed for sale$975,000+483.8%$391/sqft
    Source: Compass Report a problem
    1/11/1999Sold$167,000$67/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,218 +0.1%$67,200 +2%
    2024$2,216 $65,880 -17.7%
    2023-- $80,040 +5.5%
    2022-- $75,840 +29.5%
    2021-- $58,560 +6.7%
    2020$2,336 +100.8%$54,900
    2019$1,163 -36%$54,900 +532.1%
    2018$1,817 +8.6%$8,686 +5.8%
    2017$1,674 +58.1%$8,210 +5.8%
    2016$1,058 $7,761
    2015$1,058 +68.1%$7,761 +1.3%
    2014$630 $7,663 +5.9%
    2013-- $7,239 +5.8%
    2012-- $6,842 +5.8%
    2011-- $6,468
    2010-- $6,468 +1.3%
    2009-- $6,386 +5.9%
    2008-- $6,033 +5.8%
    2007-- $5,702 +5.8%
    2006-- $5,390
    2005-- $5,390 +1.3%
    2004-- $5,322 +5.8%
    2003-- $5,028 +5.8%
    2002-- $4,752 +5.8%
    2001-- $4,492
    2000-- $4,492

    Find assessor info on the county website

    Neighborhood: Bushwick

    Nearby schools

    GreatSchools rating