Neighborhood: Clinton Hill SOLD
Address: 113 Gates Ave
5 family Brownstone
Brownstone Living with Substantial Income!
Welcome to 113 Gates Ave, a majestic landmark brownstone with a beautiful facade and curb appeal situated on a quiet beautiful tree lined block. With over 4000 sf of living space the building offers legal 5 good looking floor-thru market rate apts that can be kept as is or converted to a different configuration. The garden floor-thru apt is set up as a 1 bedroom apt with a large recreational space/storage in the cellar with access to the backyard. The parlor floor is set up as a 1 bedroom apt also with access to the backyard. Floors 3, 4 & 5 are all 2 bedrooms/1 bath apts. Each apt is separately metered with tenants paying for all utilities.
The current rent roll of $11600/month is below market and can be raised to reflect current market rates for the neighborhood. Perfectly located in prime Clinton Hill near all transportation and restaurant scene. Please email/call for a private appointment.
. 20 x 100 lot
. 20 x 45 building
. Legal 5 Family Market Rate Apts
. $22000 Annual Taxes Approximately
. 8 Total Bedrooms, 5 Total Baths
. Current Rent Roll: $139K Annual
Licensed R.E. Broker