964 Gates Avenue, Brooklyn (Bedford-Stuyvesant), NY, 11221 | $1,519,000

Discover this gated two-family home in the Stuyvesant Heights section of Bedford Stuyvesant, offering a blend of modern comfort and investment potential. The duplex owner's unit features a private entrance from either the front steps or the gated patio with a charming front yard. The main level boasts a welcoming foyer, leading to a spacious living room with gleaming hardwood floors, and an oversized eat-in kitchen complete with a center island, granite countertops, stainless steel appliances (fridge, gas stove, dishwasher), and ample cabinet space. The bathroom includes a luxurious jacuzzi tub, and there's direct access to a serene private yard with a patio, perfect for outdoor relaxation. Upstairs, you'll find two bedrooms-the main bedroom includes French doors leading to the second bedroom. The upper unit offers 1 bedroom, 1 full bath, a kitchen, and a combined living/dining area, with easy potential to convert into a 2-bedroom unit. The property also includes a full finished basement, gas heat, and a boiler in great condition, with a new hot water heater (2 years old). Zoned R6, with 3, 990 buildable SF, this home presents a prime opportunity for both living and investment. Conveniently located near schools, local amenities, and public transportation including the J train, B52, and B47 bus routes. Just 30 minutes to Wall Street and Downtown Manhattan, this home offers the best of Brooklyn living with easy access to the city. Don't miss out on this incredible opportunity!

Features

  • Town: Brooklyn
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Units: 2
  • Style: Colonial
  • Year Built: 1899
  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)
  • Basement: Finished, Full
  • Approx Sq. Feet: 1,710
  • Acreage: 0.04
  • Est. Taxes: $3,626
  • Lot Desc: Near Public Transit
  • Elem. School: Ps 309 George E Wibecan Prep
  • Middle School: Jhs 57 Whitelaw Reid
  • High School: Boys And Girls High School
  • School District: Community District 16
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
  • MLS#: 3585442
  • Days on Market: 14 days
  • Website: https://www.raveis.com
    /prop/3585442/964gatesavenue_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Rlty Landmark   Phone: 718-475-2700

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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964 Gates Avenue, Brooklyn (Bedford-Stuyvesant), NY, 11221

$1,519,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,215,200 $1,215,200 $1,215,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.004% 6.738% 6.307%
Monthly Tax Payment $302 $302 $302
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,092 $7,781 $10,337
Total Monthly Payment $7,519 $8,208 $10,764

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.