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Off market
  • Tax assessed value
    $1,495,000

    424 Gates Ave, Brooklyn, NY 11216

    4beds
    3,600sqft
    MultiFamily
    Built in 1899
    -- sqft lot
    $-- Zestimate®
    $415/sqft
    $7,147 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $7,147/mo

    Zestimate® history
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    $7,147/mo

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    Rent Zestimate®

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    $8,847/mo

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    What's special

    *Open House this Sunday from 2pm-330pm!* Investor's dream- cash flow positive from day one! This is a three story mixed-use building with ground floor commercial space and two rental units above. Can be delivered vacant or continue current leases. Currently the commercial space is being used as the art gallery "American Medium". The backyard garden has been beautifully landscaped. Second and third floors are both two-bedroom apartments with balconies, that have been recently renovated. Gross rent roll is 2,500$/per unit, $7,500 total. Each unit has its own meter and renter pays own utilities. Great investment opportunity!!! Located just a few blocks from the G train at Bedford-Nostrand and the AC train at Nostrand, this building is ideally situated in central Bedford-Stuyvesant. Lot size is 20 x 100 ft. Building is 20 x 45ft. Can be delivered vacant.

    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: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Interior area
    • Total interior livable area: 3,600 sqft

    Property

    Lot
    • Size: 2,000 sqft
    Details
    • Parcel number: 018130025

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1899

    Community & neighborhood

    Location
    • Region: Brooklyn

    Price history

    DateEventPrice
    7/13/2018Sold$1,430,000-10.6%$397/sqft
    Source: Public Record Report a problem
    9/1/2017Listing removed$1,600,000$444/sqft
    Source: Citi Habitats #6551398 Report a problem
    6/26/2017Price change$1,600,000+0.1%$444/sqft
    Source: Citi Habitats #6551398 Report a problem
    5/7/2017Listed for sale$1,599,000+204.6%$444/sqft
    Source: HomeCanvasr NY, Inc. #6551398 Report a problem
    8/31/2015Listing removed$2,200$1/sqft
    Source: Matthew E. Report a problem
    8/11/2015Listed for rent$2,200$1/sqft
    Source: Matthew E. Report a problem
    12/2/2013Sold$525,000$146/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,659 +7.5%$672,750 +20%
    2024$17,364 $560,700 +8%
    2023-- $519,300 -5.3%
    2022-- $548,550 +640.9%
    2021-- $74,040 +49%
    2020$3,248 +1%$49,680 +15%
    2019$3,216 +7.1%$43,200 +200.8%
    2018$3,004 +8.7%$14,360 +6%
    2017$2,763 +10.3%$13,552 +5.8%
    2016$2,504 $12,806 +0.1%
    2015$2,504 +62.4%$12,788 +1%
    2014$1,542 $12,662

    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating