929 Gates Ave Brooklyn, NY 11221
Bed-Stuy NeighborhoodEstimated payment $7,778/month
Total Views
218
5
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
About This Home
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.
Open House Schedule
-
Tuesday, September 09, 20255:00 to 6:00 pm9/9/2025 5:00:00 PM +00:009/9/2025 6:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,116
Year Built
- Built in 1995
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100.00x20.00
Interior Spaces
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Additional Features
- Deck
- No Cooling
Community Details
- 2 Units
- Stuyvesant Heights Subdivision
Listing and Financial Details
- Legal Lot and Block 0058 / 01632
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,391 | $88,740 | $21,660 | $67,080 |
| 2024 | $8,391 | $76,200 | $21,660 | $54,540 |
| 2023 | $8,004 | $67,320 | $21,660 | $45,660 |
| 2022 | $7,423 | $73,740 | $21,660 | $52,080 |
| 2021 | $7,382 | $80,880 | $21,660 | $59,220 |
| 2020 | $3,670 | $85,860 | $21,660 | $64,200 |
| 2019 | $7,283 | $94,920 | $21,660 | $73,260 |
| 2018 | $6,695 | $32,844 | $10,818 | $22,026 |
| 2017 | $6,316 | $30,985 | $12,387 | $18,598 |
| 2016 | $5,441 | $29,232 | $9,079 | $20,153 |
| 2015 | $1,930 | $29,232 | $9,079 | $20,153 |
| 2014 | $1,930 | $29,012 | $8,859 | $20,153 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $1,329,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | $216,500 | -- | |
| Bargain Sale Deed | $216,500 | -- | |
| Deed | $156,500 | -- | |
| Deed | $156,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $126,357 | No Value Available | |
| Open | $250,000 | No Value Available | |
| Previous Owner | $148,632 | No Value Available | |
| Previous Owner | $148,632 | No Value Available | |
| Closed | $0 | No Value Available |
Source: Public Records
Similar Homes in Brooklyn, NY
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20046267
APN: 01632-0058
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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.
RLS Data display by Homes.com LLC
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