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Sold for $1,600,000
  • $1,600,000

    197 Gates Avenue, Brooklyn, NY 11238

    --beds
    --baths
    --sqft
    Quadruplex, Multi Family
    Built in 1899
    -- sqft lot
    $2,812,000 Zestimate®
    $--/sqft
    $5,429 Estimated rent

    Home value

    $2,812,000

    $2.25M - $3.52M

    $5,429/mo

    Zestimate® history
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    $9,532/mo

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    $9,532/mo

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    What's special

    Remarkable, newly listed four-family townhouse in Clinton Hill is a fantastic investment opportunity for you! Currently occupied by paying tenants. Featuring: 4 units consisting of 2-three bedroom one bathroom apartments and 2-two bedroom one bathroom apartments that each occupy the entire floor, high ceilings, large windows, hardwood floors, a large backyard and a cellar for extra storage. Well-maintained in great condition, this property offers a unique blend of comfort and investment potential. It also comes with a J-51 tax abatement up to 2041. 22ft X 40ft. 4,048 sq ft Tenants are rent stabilized for the duration of the tax abatement. Property will not be delivered vacant The prime location offers excellent accessibility, with the G train at Classon Avenue and the C train at Clinton-Washington Avenue. Nearby, you’ll find Pratt Institute, St. Joseph’s College, and Long Island University, as well as cultural attractions like the Museum of Contemporary African Diasporan Arts, the Brooklyn Museum, and the Brooklyn Children’s Museum. Foodies will love the local dining scene with favorites like Clementine Bakery, Hart’s Mediterranean, Rustik Tavern, Sisters Restaurant, Olea, and Aita. Plus a plethora of entertainment and shopping options makes this neighborhood a vibrant place to live.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chanel Clark,

    Peace of Mind Realty 347-221-0100,

    Scarla Pineda 347-742-8669,

    Peace of Mind Realty

    Bought with:

    Chanel Clark, 10401290515

    Peace of Mind Realty

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: L3592074MLS Logo

    Facts & features

    Interior

    Other
    • Description: 6Bedrooms 4Bathrooms multifamily building. 4 apartment total, each a 2 bedroom 1 bath
    Heating
    • Hot Water
    Cooling
    • None
    Features
    • Cathedral Ceiling(s)
    • Flooring: Hardwood
    • Has basement: No
    • Attic: Finished

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Lot
    • Size: 1,839 sqft
    • Dimensions: 22 x 83.58
    • Features: Near Public Transit, Near School, Near Shops
    Details
    • Parcel number: 019720033
    • Zoning: R6B

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Condition
    • Year built: 1899

    Utilities & green energy

    • Gas: Separate Gas Meters: 5
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Brooklyn

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell

    Price history

    DateEventPrice
    9/18/2025Sold$1,600,000+7%
    Source: OneKey® MLS as distributed by MLS GRID #L3592074 Report a problem
    3/20/2025Pending sale$1,495,000
    Source: OneKey® MLS as distributed by MLS GRID #L3592074 Report a problem
    3/20/2025Listed for sale$1,495,000
    Source: OneKey® MLS as distributed by MLS GRID #L3592074 Report a problem
    3/20/2025Pending sale$1,495,000
    Source: OneKey® MLS as distributed by MLS GRID #L3592074 Report a problem
    3/19/2025Contingent$1,495,000
    Source: StreetEasy #S1744602 Report a problem
    11/19/2024Listed for sale$1,495,000
    Source: OneKey® MLS as distributed by MLS GRID #3592074 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,252 +7.5%$748,800 +6.3%
    2024$13,263 $704,700 +16.3%
    2023-- $606,150 +0.1%
    2022-- $605,700 +7%
    2021-- $566,100 -8.6%
    2020-- $619,200 +4.2%
    2019-- $594,450 +686.7%
    2018-- $75,562 +8%
    2017$8,899 +151.2%$69,966
    2016$3,542 $69,966 +3.2%
    2015$3,542 $67,797 +8%
    2014-- $62,775 +8%
    2013-- $58,125 +8%
    2012-- $53,820
    2011-- $53,820
    2010-- $53,820 +4.9%
    2009-- $51,304 +8%
    2008-- $47,504 +65.5%
    2007-- $28,708 +162.7%
    2006-- $10,926 +0.1%
    2005-- $10,920 +1%
    2004-- $10,816 +5.9%
    2003-- $10,212 +5.9%
    2002-- $9,642 +5.9%
    2001-- $9,105 +0.1%
    2000-- $9,100

    Find assessor info on the county website

    Neighborhood: Clinton Hill

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Academy Of Arts And Letters
    • Middle: Urban Assembly Unison School (The)
    • High: Bedford Academy High School

    Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.