Save this listing!
Save this listing to get notified of price drops, new similar properties, and keep track of your top picks.
332 Gates Avenue
no fee rental in Bedford-Stuyvesant, Listed on Mar 19, 2025 (10 days on market)
332 Gates Avenue
$5,000,000
| 12 beds, 6.5 baths
no fee rental in Bedford-Stuyvesant, Listed on Mar 19, 2025 (10 days on market)
PACKAGE SALE OF 330 & 332 GATES.
$243K NOI CURRENT, $265K PRO FORMA.
330 & 332 Gates Avenue offers two spacious three-family townhouses spanning approximately 3,550 square feet each (7,100 SQFT total) on one of the most desirable blocks at the Clinton Hill/Bed-Stuy border. The 18’ x 45’ buildings are configured as four three-bedroom, one-bathroom floor-through units above two two-bedroom, one-and-a-half-bathroom parlor/basement duplex.
Impeccably maintained and fully rented, the properties generates over $266K in annual rental income with exceptionally low expenses, yielding a net income of approximately $243K. With a strong rent roll and significant upside potential, this is a secure investment opportunity.
It also offers a fantastic option for an end-user looking to live in either of the duplexes while earning over $7,000 per month from the upper units (in each building). These buildings are perfect to create a massive single-family home, a larger development site, or an opportunity to acquire six totally unregulated apartments, update them, and increase the rents.
Ideally located near the G and C trains, the home provides easy access to Barclays Center, BAM, Pratt Institute, and Fort Greene Park. The neighborhood’s vibrant dining and nightlife scene includes Speedy Romeo, Harts, The Fly, Bar Bolinas, Tepango, The Finch, and Roman’s.
Highlights
- Prime Investment Opportunity: Generates over $266K in annual rental income with low expenses, yielding a net income of approximately $243K.
- Spacious Townhouses: Two three-family townhouses offering a total of 7,100 SQFT, ideal for both investment and personal use.
- Flexible Living Options: Possibility to live in one of the duplexes while earning over $7,000 per month from the upper units.
- Exceptional Location: Located at the desirable Clinton Hill/Bed-Stuy border, with easy access to public transport and local attractions.
- Vibrant Neighborhood: Surrounded by a lively dining and nightlife scene, featuring renowned establishments like Speedy Romeo and The Finch.
- Development Potential: Opportunity to convert into a massive single-family home or update and increase rents on six unregulated apartments.
Key Features
- Duplex / Triplex
- Rental
Monthly Taxes, Common Charges & Estimated Mortgage
Real Estate Taxes
$809
Total RE Taxes and CC
$809
Estimated Mortgage
$26,077
Note: the above is only an estimate and is based on a down payment
of 20% ($1,000,000) and a 30 year fixed mortgage at 6.8%.
Total Estimated
Monthly Cost
Monthly Cost
$26,886
{
"key": "AIzaSyDquABdSLhathmwfnoTcYwA1BY6coZZyZk",
"lat": 40.68567,
"lng": -73.95331,
"marker": {
"icon": "https://img3.cityrealty.com/neo/i/w/googlemaps/icon_mappin.svg"
}
}
New & Improved Aerial Tour!
Aerial Tour
View school info, local attractions, transportation options & more.
Experience amazing 3D aerial maps and fly throughs.
Nearby Subways
- G
- S
- A
- C
Nearby Schools
- Bedford Academy High School
Grades: 9,10,11,12 - Ps 3 The Bedford Village
Grades: PK,KG,1,2,3,4,5 - Bedford Stuyvesant Prepretory High School
Grades: 10,11,12 - Brooklyn Academy High School
Grades: 10,11,12 - Ps 56 Lewis H Latimer
Grades: PK,KG,1,2,3,4,5
- Clara Muhammad School Of Masjid Khalifah
Grades: PK,TK,KG,1,2,3,4,5,6,7,8 - Tabernacle Elementary School
Grades: 1,2,3,4,5 - Talmud Torah Dnitra
Grades: PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 - The Brooklyn Waldorf School
Grades: PK,KG,1,2,3,4,5,6,7,8 - Tabernacle Day Care
Grades: PK,KG
Listing History
Certain content is available only to members.
There's no obligation.
Mar 19, 2025
Listed for $5,000,000 by Alexander Maroni, Douglas Elliman - Manhattan
About 332 Gates Avenue
Similar Listings
292 Gates Avenue
Townhouse in Bedford-Stuyvesant (Brooklyn)
$4,495,000 ($999/ft2)
6 beds, 4.5 baths ~4,500 ft2
6 beds, 4.5 baths ~4,500 ft2
Listed on Feb 2, 2025
by
Corcoran Group
272 Greene Avenue
Townhouse in Clinton Hill (Brooklyn)
$5,250,000 ($1,591/ft2)
5 beds, 4 baths ~3,300 ft2
5 beds, 4 baths ~3,300 ft2
Listed on Mar 20, 2025
by
Compass
Pricing Comparison
Listing courtesy of
Douglas Elliman Real Estate
RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
Schedule a Visit
Select when you would like to go for a visit.
What Time?
9am-noon
Noon-3pm
3pm-6pm
Any time
You can also call us anytime at
☎️ (212) 755-5544
☎️ (212) 755-5544
All the Juicy New York City Real Estate
News You Crave!
News You Crave!
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
Like us on Facebook to keep up with the trends and latest news around New York City real estate. Follow us on Twitter to keep up with the trends and
latest news around New York City real estate. Follow us on Instagram. Follow us on Linkedin.
-
Buy & Sell
Search Apts for Sale Market Reports Buyer’s Guide Find an Agent Market Data Selling Your Apartment -
Rent
Search Apts for Rent No Fee Rental Buildings Furnished Apartments Add Rental Listing Rental Building Owners Renter’s Guide -
Buildings
New Development Condos No Fee Rental Buildings Luxury Condos Condo & Co-op Profiles and Ratings Top 10 Lists -
Insights
Features Market Data Market Reports & Research Neighborhoods 6sqft (Our Blog) Carter’s View Rental Building News & Offers Resources & Guides CityRealty Indices -
Company
About CityRealty How CityRealty Works Advertise with CityRealty Contact Us -
RLS IDX Data display by CityRealty.com, LLC.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
An equal housing opportunity 
{"1":[40.775,-73.94,"East Side","_es"],"2":[40.79,-73.99,"West Side","_ws"],"11":[40.76,-73.98,"Midtown","_m"],"3":[40.736,-73.99,"Downtown","_d"],"13":[40.711309,-74.01,"Financial
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}