Opportunity Awaits at 929 Gates Avenue Two-Family Townhouse with Parking; Incredible Potential in Prime Brooklyn Bring your vision and creativity to this spacious two-family townhouse at 929 Gates Avenue, ideally located in the heart of Bedford-Stuyvesant, Brooklyn. With a flexible layout, and a generous footprint, this property is perfect for homeowners or investors seeking a home that requires mostly cosmetic updates with strong income-producing potential. Spread across three levels, the home features 5 bedrooms and 3 bathrooms, currently configured as a 3-bedroom, 2-bathroom owner's duplex with a 2-bedroom rental unit above-ideal for generating income, hosting guests, or converting into a spacious single-family residence. Owner's Duplex The duplex offers a classic, functional layout. On the main level, you'll find: A bright living room Full bathroom Laundry room A large open concept eat-in kitchen and dining room with direct access to the private backyard The backyard-complete with deck and shed-is a peaceful retreat complete with mature shrubs. Upstairs, the duplex continues with three generously sized bedrooms and a second full bathroom. With light cosmetic updates, this level offers great potential for a serene and modern living space. Top-Floor Rental Unit The top-floor 2-bedroom apartment has its own private entrance via exterior stairs. Recently painted with brand new carpet, the unit includes: Full bathroom Washer/dryer hookup Separate hot water heater Open-concept living, dining, and kitchen area It's a move-in ready rental unit that can generate immediate income-with or without additional upgrades. Key Features Private, gated driveway with room for 2 cars Flexible two-family layout Backyard with mature plants, deck, shed and entertaining space Prime Bed-Stuy Location Located just two blocks from the J train at Gates Avenue, with easy access to the A/C trains at Utica Avenue and the B52 bus right outside, this home offers convenient connectivity across Brooklyn and Manhattan. Enjoy beloved neighborhood favorites: Chez Oscar, Trad Room and dar525 for dining Saraghina for artisanal pizza Marian's for cocktails Passionfruit for coffee and pastries Whether you're looking to create your forever home or invest in a property with strong rental upside and low taxes, 929 Gates Avenue offers space, flexibility, and prime location-a rare opportunity in one of Brooklyn's most sought-after neighborhoods.
Listed by Judith Liebman
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License #10401325108
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Corcoran Group
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(646) 298-8775
Last updated September 05, 2025
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Source: REBNY #RLS20046267
Listing Facts
TypeMulti-family
NeighborhoodBedford-Stuyvesant
Bedrooms5
Bathrooms3
Days on Prevu2
Taxes$8,460/year
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
09/04/2025
Listed by Corcoran Group
$1,329,000
Estimated Closing Costs
Total
$49,237
Attorney Fees
$4,000
NYC Mansion Tax
$13,290
Title Insurance
$5,981
Bank Attorney
$1,500
Mortgage Recording Tax
$20,466
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,329,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.