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221 Gates Avenue
Townhouse in Bedford-Stuyvesant •  building info
6bd • 3ba • 3,240ft² $517 per ft²
Sold price

$1,675,500

Key Details
Days on market
190
Last price change
loading...
Estimated payment
$9,531
Taxes
$0
Monthly maintenance
N/A
Description
Stately and solid, this 21-foot wide, four-story brownstone is available for sale for the first time in 50 years. Zoned as a two-family but currently used as a more flexible family compound, the house can easily fit 5-6 bedrooms and 4 baths or be opened up into a more modern open plan house. The current layout would suit both a triplex over garden rental or a double duplex configuration. The next buyer can use it as-is with a LOT of elbow grease or go the whole nine yards and make it an Architectural Digest feature. You get to chose how far to take it: bones are there, the location is incredible and the price is right. Annual Real Estate Taxes are $4,379 221 Gates has well-preserved original Italianate details including ornate fireplace mantles, original inlaid parquet floors and borders, plaster ceiling moldings, original doors and window casements. Another special thing about this house that sets it apart is the opportunity to develop incredible outdoor space on every floor. Besides the more common brownstone option for a rear deck off the parlor floor with stairs to your deep private garden, the top floor gives the opportunity of a roof deck with downtown NYC views and also an exceptional loggia in the front, perched atop the extra special 3-story bay. The third floor could have a dreamy 8' x20' terrace which could easily be built over two-story rear extension. 221 Gates inhabits a unique sweet spot, at the desirable and neighborly intersection of Clinton Hill and Bedford Stuyvesant. Cool coffee shops and acclaimed restaurants flourish in every direction. With close proximity to Fort Greene, BAM, Pratt, the Atlantic Center, you are also a few short blocks to the C, G and A subways at either Clinton/Washington or Franklin Ave. Prospect Park, the Brooklyn Museum, and the beautiful Brooklyn Botanical Garden are also a short trip away. Manhattan, if you ever want to go there, is a mere 15 minutes by car or 20 by subway.

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History
What it'll cost
Purchase price
$1,675,000
Asking Price: $1,675,500
Term
30 Years
Down Payment
$167,000 (10%)
Min: 10% (167,000)
Rate
6.5 %
Mortgage Amount
$1,507,950
Mortgage Payment
$9,531
Taxes
$0
Estimated closing cost
$59,000
Total monthly cost $9,531
Listing Courtesy of Brown Harris Stevens

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