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$1,600,000
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Property Description
Remarkable, newly listed four-family townhouse in Clinton Hill is a fantastic investment opportunity for you! Currently occupied by paying tenants. Featuring: 4 units consisting of 2-three bedroom one bathroom apartments and 2-two bedroom one bathroom apartments that each occupy the entire floor, high ceilings, large windows, hardwood floors, a large backyard and a cellar for extra storage. Well-maintained in great condition, this property offers a unique blend of comfort and investment potential. It also comes with a J-51 tax abatement up to 2041. 22ft X 40ft. 4,048 sq ft Tenants are rent stabilized for the duration of the tax abatement. Property will not be delivered vacant The prime location offers excellent accessibility, with the G train at Classon Avenue and the C train at Clinton-Washington Avenue. Nearby, you'll find Pratt Institute, St. Joseph's College, and Long Island University, as well as cultural attractions like the Museum of Contemporary African Diasporan Arts, the Brooklyn Museum, and the Brooklyn Children's Museum. Foodies will love the local dining scene with favorites like Clementine Bakery, Hart's Mediterranean, Rustik Tavern, Sisters Restaurant, Olea, and Aita. Plus a plethora of entertainment and shopping options makes this neighborhood a vibrant place to live.
Full Property Details
Full Property Details for 197 Gates Ave
General
- Sold For: $1,600,000
- Taxes: $2,957
- Status: Closed
- Type: Multi-Family
- Source: Long_Island
- MLS ID: L3592074
- Added to Site: 428 day(s) ago
Interior
- Number of Rooms: 22
- Interior Features: Cathedral Ceiling(s)
- Flooring: Hardwood
Additional Information
- Shared Amenities: Park
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
- Cross Streets: Classon Avenue
- Driving Directions: Use GPS for directions
School Information
- High School District: Brooklyn 13
- Elementary School: Academy Of Arts And Letters
- Middle School: Urban Assembly Unison School (The)
- High School: Bedford Academy High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Detached/Attached: Detached
- Construction: Block
- Basement Desc.: None
- Sq. Ft. Source: Other
- Year Built: 1899
Lot Features
- Lot Size (Sq. Ft.): 1,839
- Lot Dimensions: 22 x 83.58
- Lot Features: Near Public Transit, Near School, Near Shops
- Zoning: R6B
Financial Considerations
- Taxes Include: Sewer, Trash
- Tax Amount: $2,957
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Property ID: 01972-0033
- Block: 1972
- Lot Number: 33
Listed by Peace of Mind Realty
Sold by Peace of Mind Realty
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Schools
Schools serving 197 Gates Ave
School District:New York City Geographic School District 13
| Name | Grades | Distance |
|---|---|---|
Ps 56 Lewis H Latimer 170 Gates Avenue, Brooklyn, NY 11238 | K-6 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 197 Gates Ave
Date
Details
Price
Change
Source
9/18/2025
Sold
$1,600,000
7.02%
MLS
11/19/2024
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
197 Gates Avenue, Brooklyn, NY 11238 (MLS# L3592074) is a Multi-Family property that was sold at $1,600,000 on September 18, 2025. Want to learn more about 197 Gates Avenue? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

