1188 Gates Ave, Brooklyn, NY 11221

1188 Gates Avenue presents a rare mixed-use investment opportunity in Bushwick, Brooklyn, featuring 4 spacious free-market residential apartments and 2 ground-floor commercial storefronts. The residential component consists of four generously sized true two-bedroom apartments, each offering a practical layout with separate bedrooms, living space, kitchen with dining area, and full bathroom. The apartments feature traditional, functional layouts well suited to the Bushwick rental market. At street level are two commercial storefronts, generally approximately 650 square feet each, providing roughly 1,300 square feet of combined commercial space. Each storefront has its own half bathroom and dedicated cooling system, allowing for independent commercial use and flexibility for a variety of retail, service, or owner-user concepts, subject to applicable zoning and approvals. The three-story brick mixed-use property contains approximately 4,450 square feet of gross building area and combines four residential income streams with two commercial income streams. Additional features include an extra-large rear yard with ground-level access, an unfinished basement offering substantial storage and utility space, separate residential common areas, and direct street-level exposure for both commercial storefronts. The property offers meaningful value-add potential through future residential and commercial rental optimization, cosmetic improvements, enhanced common areas, and potential future utilization of the rear yard and basement. Illustrative concepts may include a boutique-style courtyard, recreation area, and shared laundry facilities, all subject to feasibility, permits, approvals, costs, and purchaser due diligence. The property may also appeal to investors seeking a potential Section 1031 exchange replacement property, depending on the purchaser's individual circumstances, intended use, and compliance with applicable tax requirements. Purchasers should consult their own tax and legal advisers regarding 1031 exchange eligibility. Ideally suited for an investor, owner-user, portfolio buyer, or purchaser seeking a Bushwick mixed-use investment property with four free-market apartments, two commercial storefronts, existing income, and additional upside potential. Select photographs have been virtually staged and/or digitally decluttered for presentation purposes. The basement is currently unfinished. Any depicted or described future improvements are conceptual only and are not existing improvements. All square footage, dimensions, legal use, zoning, tenancy information, income, expenses, future rents, improvement concepts, and investment projections should be independently verified by the purchaser.