197 Gates AVE Brooklyn, NY 11238

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.