Brooklyn (Bushwick), NY, 11221 | $1,720,000

Open House No Appointment Needed Nestled in the heart of Bushwick, 1235 Gates Avenue offers a rare opportunity to own a meticulously renovated two-family townhouse. Boasting a generous 3, 153 interior SF and an additional 1, 297 SF of exterior space, this stunning home stands out with its top-of-the-line finishes and exceptional design. This two-family residence is configured to perfection, featuring an owner's duplex with a finished basement and a separate garden two-bedroom apartment. Whether for generating additional income or accommodating multi-generational living, the versatility of this property is unmatched. The owner's duplex encompasses 3 bedrooms and 2. 5 bathrooms, providing a spacious and private retreat. The chef's kitchen, complete with an oversized island, seamlessly connects to a rear deck and a private backyard. The finished basement, featuring a half bathroom, adds a layer of versatility, ideal for media room, or fitness area. The second floor is dedicated to the primary suite, flooded with natural light and offering tranquil backyard views. A walk-in closet and a primary bathroom with a skylight, rain shower, and soaking tub complete the luxurious retreat. Additionally, two other bedrooms with a shared bathroom provide flexibility for a home office or nursery. The two-bedroom garden apartment mirrors the thoughtful design of the owner's unit, showcasing a stylish kitchen with stainless steel appliances, a well-appointed bathroom, and two bedrooms with access to the landscaped patio and backyard. Conveniently situated near various transportation options, including the J subway lines, 1235 Gates Avenue offers easy access to the best of Bushwick. The neighborhood's vibrant mix of restaurants, cafes, and shops adds to the allure of this sought-after area, making it a truly desirable place to call home. *Please note, the interior square footage includes the cellar level. *Images have been virtually staged for visual representation.

Features

  • Town: Brooklyn
  • Rooms: 11
  • Bedrooms: 5
  • Baths: 3 full / 2 half
  • Units: 2
  • Lot Size: 20.000000x100.000000
  • Laundry: In Unit,See Remarks
  • Year Built: 1920
  • Heating: Central
  • Cooling: Central Air
  • Basement: Full
  • Approx Sq. Feet: 3,153
  • Lot Size: 20.000000x100.000000
  • Est. Taxes: $2,616
  • Pet Policy: Building No,Cats OK,Dogs OK
  • Appliances: Dryer,Dishwasher,Washer
  • MLS#: COMP-172490797121269
  • Days on Market: 164 days
  • Website: https://www.raveis.com
    /prop/COMP-172490797121269/1235gatesavenue_brooklyn_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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Brooklyn (Bushwick), NY, 11221

$1,720,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $1,376,000 $1,376,000 $1,376,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.795% 6.472% 5.966%
Monthly Tax Payment $218 $218 $218
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,921 $8,584 $11,519
Total Monthly Payment $8,264 $8,927 $11,862

* 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.