929 Gates Avenue
Brooklyn, NY 11221
Cross street:Malcolm X Boulevard

Building

Type:Townhouse
Era:Pre-war
Floors:2

Property

Ownership: Multi-Family
Rooms: 9
Bedrooms: Studio
Pets: Pets Unknown

Financials

Price:$1,329,000
Real estate tax:$8,460
Listing Courtesy of Corcoran Group

Description

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, plus 3120 of FAR, 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.

Amenities

Driveway; Laundry Room;
  • Laundry Room

Neighborhood

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 ...


OLR IDX

RLS Data display by Nest Seekers LLC.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.