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1530 Gates Avenue

Brooklyn, NY 11237
  • $1,000,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 906151
UPDATED: 205 min ago
$1,000,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1931
County:
Area:

School Ratings & Info

School District:

Description

Don’t miss this solid 6-family multifamily property located in the heart of Bushwick, one of Brooklyn’s most dynamic and rapidly growing neighborhoods. This fully occupied building offers strong cash flow with an approximate 8% cap rate, making it an excellent addition to any investor’s portfolio. Conveniently situated near shopping, dining, nightlife, and multiple subway lines, this property provides both stability and future upside in a prime location.

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© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-15T00:17:07.017.
www.selectyournexthome.com/homes/167372993
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1530 Gates Avenue Brooklyn, NY 11237

  • Price: $1,000,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 205 min ago
  • MLS #: 906151
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1931
Built
Neighborhood:
New York
County:
Brooklyn
Area:
New York
School District:
Brooklyn
Property Description
Don’t miss this solid 6-family multifamily property located in the heart of Bushwick, one of Brooklyn’s most dynamic and rapidly growing neighborhoods. This fully occupied building offers strong cash flow with an approximate 8% cap rate, making it an excellent addition to any investor’s portfolio. Conveniently situated near shopping, dining, nightlife, and multiple subway lines, this property provides both stability and future upside in a prime location.
Exterior Features

Construction Materials Frame Parking Total 0 Property Attached YN Yes Stories Total 3 Waterfront YN No

Interior Features

Basement Details Unfinished Basement YN Yes Cooling None Elevator YN No Number Of Heat Units 1

Property Features

Additional Fees YN No Annual Rental Income 105600 Building Area Total 4125 Financial Year 2025 Fuel Expense 4250 Heating BaseboardHot Water Insurance Expense 7140 Lot Size Area 1875 Net Operating Income 78970 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Property Condition Actual Property Sub Type Multi Family Sewer Public Sewer Special Listing Conditions None Sprinkler System YN No Tax Annual Amount 9877 Tax Source Municipality Tenant Pays ElectricityGas Total Vacancies 0 Utilities Cable AvailableElectricity ConnectedSewer ConnectedTrash Collection PublicWater Connected Water Access YN No Water Sewer Expense 2550 Water Source Public

Listing courtesy of Luis F. Fernandez of eXp Realty: 888-276-0630
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2025-12-15T00:17:07.017.
 
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