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1538 Gates Avenue
House in Bushwick •  building info
studio • 2,500ft² $640 per ft²
Sold price

$1,599,000

Key Details
Days on market
96
Last price change
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Estimated payment
$9,474/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 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.

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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
6.0 %
Mortgage Amount
$1,439,100
Mortgage Payment
$8,628
Taxes
$846
Estimated closing cost
$57,000
Total monthly cost $9,474
Listing Courtesy of Block & Lot Services Inc

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