108 GATES Avenue

Grand 4500SF Brownstone in Prime Clinton Hill. Currently a 3 family house with $7,550/mo income, prepped and ready for final renovations. Located on one of Clinton Hills most desired brownstone blocks, this 20 x 45 five story property provides a fantastic opportunity for an owner/landlord to renovate and occupy garden/parlor duplex or investor seeking generous returns. Five large floors (with additional cellar) contain a garden/parlor duplex, a third floor floor-through, and a fourth and fifth floor duplex. The building has recently been improved with new roof, windows, rear facade restoration and is mechanically and structurally solid. Individual meters and heating for each unit in place. Upper duplex and floor thru apartment in wonderful, upgraded condition. Upper duplex has tenant thru June 2015 paying $4600 per month, floor thru lease is $2950 per month and ends May 2016. Parlor and garden floors are mid renovation with walls and floors removed, ready to be finished out as a beautiful owner's duplex or luxury rental unit. DOB permits in place for this final project, including landmark approval. A wonderful opportunity for those buyers looking for a turnkey renovation project with immediate income and low carrying cost. Cash buyers preferred. 3 blocks to Clinton/Washington C train stop. Great local restaurants: Locanda Vini e Olii, Aita, NeroDoro, Choice Market, Sisters, Speedy Romeo , Urban Vintage. Walk to Ft. Greene Park, Pratt Institute, BAM & Barclays Center.