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929 Gates AvenueBrooklyn, NY 11221

For Sale

$1,329,000

Smart Buyer Rebate $16,613

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

·

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.

Property Details for 929 Gates Avenue

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 2
  • Property Condition: Good Condition
  • Stories Total: 2
  • Structure Type: Townhouse
  • Year Built: 1995
  • Entry Level: 1

Features

  • Patio And Porch Features: Deck

Measurements

  • Building Area Total: 960
  • Building Area Units: SquareFeet
  • Lot Size Area: 2,000
  • Lot Size Dimensions: 100
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $8,460.00

Interior

Features

  • Interior Features: Smoke Free

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Rooms Total: 9

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Stuyvesant Heights
  • Tax Block: 01632
  • Tax Lot: 0058

Utilities

Equipment

  • Laundry Features: In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

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.