1538 Gates Avenue, Brooklyn, NY 11237

Pending

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Property Description

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 composed 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.

1538 Gates Avenue | MLS# 942464

This commercial property located at 1538 Gates Avenue, Brooklyn, NY 11237 is currently listed for sale with an asking price of $1,599,000. Gates Avenue is located within the Brooklyn 32 school district. Search Brooklyn real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Basement: Storage Space, Unfinished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Hot Water, Natural Gas
Lot Size: 0.06 Acres
Stories: 3.0
Taxes: $10,147
Year Built: 1931

Feature Descriptions

Building Area Total: 3750
Building Features: Walk Up
Days on Site: 84
Exterior: Other
Heating Units: 1
Heating Zones: 4
Included In Taxes: Trash
Lot Features: Back Yard, Near Public Transit, Near School, Near Shops
On Market Date: 2025-12-10
Parcel Number: 03345-0019
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Security Features: Fire Escape
Separate Electric Meters: 6
Separate Gas Meters: 5
Sewer: Public Sewer
Tenant Pays: Electricity, Gas
Units: 5
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public

Local Schools

Middle School: Jhs 291 Roland Hayes
Elementary School: Ps 106 Edward Everett Hale
School District: Brooklyn 32

Demographics

Listed By / Shown By

Listing By

Agency Name: Block & Lot Services Inc
Agency Contact: 718-762-2288

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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