Buy with Yoreevo
$1,571,017
List Price: $1,599,000
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1538 Gates Avenue
House in Bushwick •  building info
studio • 2,500ft² $640 per ft²
Buy with Yoreevo

$1,571,017

List Price

$1,599,000

Key Details
Days on market
6
Last price change
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Estimated payment
$9,707/mo
Taxes
$846/mo
Maintenance
N/A
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 comprised 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.

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Building info

History
What it'll cost
Purchase price
$1,599,000
Asking Price: $1,599,000
Term
30 Years
Down Payment
$159,000 (10%)
Min: 10% (159,000)
Rate
6.25 %
Mortgage Amount
$1,439,100
Mortgage Payment
$8,861
Taxes
$846
Estimated Yoreevo rebate
$27,983
Estimated closing cost
$57,000
Total monthly cost $9,707
Buy your dream home with us and get an estimated $27,983 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Block & Lot Services Inc

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