Active
330 GATES Avenue
Brooklyn NY, 11216
$2,650,000
$2,763.30 per sqft
Active
6 Beds
4 Baths
959 sqft
Townhomes
Built in 1910
330 Gates Avenue is a spacious three-family townhouse spanning approximately 3,550 square feet on one of the most desirable blocks at the Clinton Hill/Bed-Stuy border. The 18' x 54' building is configured as two three-bedroom, one-bathroom floor-through units above a two-bedroom, one-and-a-half-bathroom parlor/basement duplex.
Impeccably maintained and fully rented, the property generates over $100K in annual rental income with exceptionally low expenses, yielding a net income of approximately $90K. With a strong rent roll and significant upside potential, this is a secure investment opportunity. It also offers a fantastic option for an end-user looking to live in the duplex while earning over $5,000 per month from the upper units.
This property could also be purchased with the adjacent identical building, 332 Gates, to create a massive single-family home, a larger development site, or an opportunity to acquire six totally unregulated apartments.
Ideally located near the G and C trains, the home provides easy access to Barclays Center, BAM, Pratt Institute, and Fort Greene Park. The neighborhood's vibrant dining and nightlife scene includes Speedy Romeo, Harts, The Fly, Bar Bolinas, Tepango, The Finch, and Roman's.
RLS20005049
MLSⓇ ID
February 25, 2025
Listed
February 26, 2025
Updated
Interior Features
Total Stories
3
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
3
Half Bathrooms
1
Laundry Description
In Unit
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.04 Acres
Patio And Porch
None
Other Property Details
Taxes
$5,820
Tax Frequency
Annually
Garage
No
View
No
View Description
Other
County
Kings
Pool
No
RLS Data display by Alexander F Maroni with Douglas Elliman Real Estate
Listing Contact: (917) 704-3102
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 2/26/2025 at 10:41 AM UTC