1538 Gates Avenue Brooklyn, NY $ 1,599,000
1538 Gates Avenue
$ 1,599,000
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1538 Gates Avenue

Brooklyn, NY, 11237
$ 1,599,000
Bedrooms-- Baths-- Sq 3,750

Monthly Estimate*

$ 9,976

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Commercial Property for sale in Brooklyn, NY

for $1,599,000. This 3,750 square foot building was built in 1931 on a lot size of 0.057392.

Unveil an exceptional mixed use investment opportunity in the heart of dynamic Bushwick, Brooklyn. This property offers the perfect blend of commercial visibility and residential income, poised for significant growth in one of NYC's most sought-after neighborhoods. Priced for a value-add investor, promising substantial returns and is ready for a strategic transformation. 1538 Gates Ave is a three-story mixed use building consisting of four Free Market apartments over one ground floor store, just minutes away from the bustling Myrtle and Wyckoff Aves L & M subway station. Each of the upper floors is comprised of two apartments positioned front and back, all featuring a desirable boxed layout, three of which are 2 bedrooms and the other one is one bedroom. The retail space and two apartments are currently vacant, awaiting TLC which is perfect for an owner-user seeking the flexibility to establish their own business while benefiting from consistent cash flow or a savvy investor looking to customize and maximize returns.

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Commercial Active

Price

$ 1,599,000

Property Type

Commercial

Taxes

$ 10,147

Style

Multi Family

Lot Size

0.057392

Year Built

1931

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

942464

Features
General
Sewer Public Sewer
Heating Baseboard Hot Water Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Trash Collection Public Water Connected
Zoning R6
Security Features Fire Escape
Construction Materials Other
Year Built 1931
Tenant Pays Electricity Gas
Property Subtype Multi Family
Tax Year 2025
Parcel Number 03345-0019
County Kings (Brooklyn)
Property Type Commercial Sale
Building Features Walk Up
Directions See google map
City New York
High School District Brooklyn 32
Number Of Units Total 5
Elementary School Ps 106 Edward Everett Hale
Property Attached Y/N Y
Tax Annual Amount 10147
Showing Instructions Text L/A Sammy with 48 hours' notice. 9173885053
Middle/Junior High School Jhs 291 Roland Hayes
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Brooklyn 32
Elementary School District Brooklyn 32
Tax Lot 0019
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Interior
Basement Storage Space Unfinished
Total Stories 3
Basement Features Storage Space Unfinished
Basement (Y/N) Y
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Exterior
Parking Features None None
Water Source Public
Foundation Details Other
Building Area Total 3750
Waterfront Y/N N
Road Frontage Type Municipal
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Internal Only
Street Number 1 1538
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* Excluded Features
List By
Samson Fong

Listing Agent

Block & Lot Services Inc

Broker

718-762-2288

Contact

Affordability Calculator

$10,821
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,976
Monthly Property Taxes
$846
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4103579 Elementary School
4098736 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2025$1,599,000 Listed Price

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1538 Gates Avenue, Brooklyn, NY, 11237 is a Commercial Property for sale at $1,599,000 with 3,750 sqft and a lot size of 0.057392. 1538 Gates Avenue was built in 1931. The property's zip code is 11237 which is in Brooklyn, NY