1538 Gates Avenue, Brooklyn, NY 11237
- $1,660,000
- Sold Price
- $1,660,000
- Days on Market
- 30
- Closing Date
- Mar 12, 2026
- MLS#
- 942464
- Status
- CLOSED
- Property Type
- Multi Family
- Year Built
- 1931
- Property Tax
- $10,147
- School District
- Brooklyn 32
- Jr. High
- Jhs 291 Roland Hayes
- Elementary School
- Ps 106 Edward Everett Hale
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.
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Additional Information
- Acres
- 0.06
- Parking
- None
- Stories
- 3
- Basement
- Storage Space, Unfinished
- Heating
- Baseboard, Hot Water, Natural Gas
- Cooling
- Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Samson Fong (findnychome@gmail.com) from Listing Office: Block & Lot Services Inc.
Selling Office: Block & Lot Services Inc.Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.