6 Bed 4 Bath Multi-family For Sale $2,500,000 3,550 sqft ($704 per sqft)
Broker: Alex Maroni Douglas Elliman
330 Gates Avenue is an approximately 3550 square foot 3 family townhouse on one of the most desirable blocks on the Clinton Hill/Bed Stuy border. Buil
...read more330 Gates Avenue is an approximately 3550 square foot 3 family townhouse on one of the most desirable blocks on the Clinton Hill/Bed Stuy border. Building 18' X 54', this large home is configured as two 3 bed/1 bath floor units over a 2 bed/1.5 bath parlor/basement duplex. This property is in immaculate condition and is currently fully rented with a rent roll of over $100K per year and extremely low expenses (approximately $90K net income currently).
A property of this size in this location with this rent roll offers a safe return, with TONS of upside. This property would also work perfectly for an end-user who wants to live in the duplex while collecting over $5000 per month from the apartments above you. Located very close to the G train and the C. Major attractions like the Barclays Center, BAM, Pratt Institute, and Fort Greene Park are all within easy reach. Excellent dining and nightlife include Speedy Romeo's, Harts, The Fly, Bar Bolinas, Tepango, The Finch, and Roman's
