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1538 Gates AVE Brooklyn, NY 11237
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Key Details
Sold Price $1,660,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 942464
Sold Date 03/12/26
Rental Info No
Year Built 1931
Annual Tax Amount $10,147
Property Sub-Type Multi Family
Source onekey2
Property Description
Unveil an exceptional mixed use investment opportunity in the heart of dynamic Bushwick, Brooklyn. This property offers the perfect blend of commercial visibility and residential income, poised for significant growth in one of NYC's most sought-after neighborhoods. Priced for a value-add investor, promising substantial returns and is ready for a strategic transformation. 1538 Gates Ave is a three-story mixed use building consisting of four Free Market apartments over one ground floor store, just minutes away from the bustling Myrtle and Wyckoff Aves L & M subway station. Each of the upper floors is composed of two apartments positioned front and back, all featuring a desirable boxed layout, three of which are 2 bedrooms and the other one is one bedroom. The retail space and two apartments are currently vacant, awaiting TLC which is perfect for an owner-user seeking the flexibility to establish their own business while benefiting from consistent cash flow or a savvy investor looking to customize and maximize returns.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Storage Space, Unfinished
Interior
Heating Baseboard, Hot Water, Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Lot Description Back Yard, Near Public Transit, Near School, Near Shops
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
Elementary Schools Ps 106 Edward Everett Hale
Middle Schools Jhs 291 Roland Hayes
High Schools Brooklyn 32
School District Brooklyn 32
Others
Special Listing Condition None
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Bought with Block & Lot Services Inc
Nearby Locations
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Broker Associate | License ID: 10301215748 NY
+1(631) 278-6987 | cyndimckenna1@gmail.com


