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1490 Gates Avenue, Brooklyn, NY, 11237

5beds
2baths
1,840sqft
$900,000
$489price/sqft
$5,463/moest. monthly cost
$218,520/yrincome needed

About This Home

Priced to sell, two family home located in one of the most vibrant neighborhood, Bushwick,Brooklyn NY. This home presents an excellent opportunity for homeowners,investors, or anyone looking to add value through renovations.Great opportunity to customize and renovate to your taste.Ideal for owner-occupants or investors.Conveniently located near public transportation,shopping,restaurants,schools,and major roadways.This property requires some TLC but offers tremendous upside for right buyer.With solid bones and desirable location,it's the perfect chance to create equity and maximize value.Don't miss the opportunity to own a multifamily property in one of Brooklyn's most sought after neighborhoods.Whether you're looking to live in one unit and rent the other or expand your investment portfolio,this property is full of potential.

Getting Around

98
WalkingWalker's Paradise
0
TransitVery Limited Transit
90
BikeBiker's Paradise

Schools

1/10
5/10
Jhs 291 Roland HayesGrades 6-80.2 mi

Construction

Condition

  • Year built: 1924

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home,Residential

Interior

Appliances

  • Appliances included: ENERGY STAR Qualified Appliances,Gas Oven,Oven,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • First Floor Bedroom,First Floor Full Bath
  • Attic: None

Heating & Cooling

  • Heating features: Oil
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 1,840
  • Total interior livable area: 1,840 sqft

Property

Details

  • Parcel number: 033440127
  • Attached to another structure: Yes
  • Special condition: None

Lot

  • Lot size: 1,000 sqft

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Earthquake
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,550$54,600
Home Insurance *$189$2,268
Property Taxes $420$5,040
Electricity $304$3,648
Total$5,463$65,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$187,302/yr
40% on housing$163,890/yr
45% on housing$145,680/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$489This listing

vs Other Active Listings

Avg $/sqft

ZIP 11237$559
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11237$525
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Listed for sale$900,000
2024-07-15Listing removed--
2024-07-12Listed for rent$3,600
2015-07-07Sold$431,000
2013-02-18Listing removed$1,400
2013-01-19Listed for rent$1,400
2012-04-21Listing removed$2,300
2012-02-21Listed for rent$2,300
2008-05-16Listing removed$449,000
2008-04-26Listed for sale$449,000
2008-01-18Listing removed$449,000
2007-11-14Listed for sale$449,000

For Sale by Agent

AgentJuan Goris
BrokerageSafeway Realty Corp

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