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RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. New Developments
  3. New York City
  4. Brooklyn
  5. 11221
  6. 929 GATES Avenue
Property thumbnail
1 / 14
★ Sponsor Unit
✓ No Board Approval Required
•Stuyvesant Heights

929 GATES Avenue, New York City, NY 11221

Listing Courtesy of Corcoran Group

$1,329,000

Potential Rebate: $19,935

5 Beds
3 Baths
9 Rooms
2,880 sqft
Built 1995
2 Stories
461/ft²
Listed on Sep 4, 2025
113 days on market
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Overview

<strong>Opportunity Awaits at 929 Gates Avenue</strong><br> <strong>Two-Family Townhouse with Parking; Incredible Potential in Prime Brooklyn<br> <br> DEAL FELL THROUGH.<br> </strong>ALL SHOWINGS ARE BY APPOINTMENT.<br> Bring your vision and creativity to this spacious <strong>two-family townhouse</strong> at <strong>929 Gates Avenue</strong>, ideally located in the heart of <strong>Bedford-Stuyvesant, Brooklyn</strong>. 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 <strong>mostly cosmetic updates</strong> with <strong>strong income-producing potential</strong>.<br> Spread across <strong>three levels</strong>, the home features <strong>5 bedrooms and 3 bathrooms</strong>, currently configured as a <strong>3-bedroom, 2-bathroom owner's duplex</strong> with a <strong>2-bedroom rental unit above</strong>-ideal for generating income, hosting guests, or converting into a spacious <strong>single-family residence</strong>.<br> <strong>Owner's Duplex</strong> <br> The duplex offers a <strong>classic, functional layout</strong>. On the main level, you'll find:<br> <ul> <li> A bright living room</li> <li> Full bathroom</li> <li> Laundry room</li> <li> A large open concept eat-in kitchen and dining room with direct access to the <strong>private backyard</strong></li> </ul> The <strong>backyard</strong>-complete with <strong>deck and shed</strong>-is a peaceful retreat complete with mature shrubs.<br> Upstairs, the duplex continues with <strong>three generously sized bedrooms</strong> and a second full bathroom. With light cosmetic updates, this level offers great potential for a serene and modern living space.&nbsp;<br> <strong>Top-Floor Rental Unit</strong> <br> The <strong>top-floor 2-bedroom apartment</strong> has its own <strong>private entrance</strong> via exterior stairs. Recently <strong>painted</strong> with <strong>brand new carpet</strong>, the unit includes:<br> <ul> <li> Full bathroom</li> <li> Washer/dryer hookup</li> <li> Separate hot water heater</li> <li> Open-concept living, dining, and kitchen area</li> </ul> It's a <strong>move-in ready rental unit</strong> that can generate immediate income-with or without additional upgrades.<br> <strong>Key Features</strong> <ul> <li> Private, gated driveway with room for 2 cars</li> <li> Flexible two-family layout</li> <li> Backyard with mature plants, deck, shed and entertaining space</li> </ul> <strong>Prime Bed-Stuy Location</strong> <br> Located just <strong>two blocks from the J train at Gates Avenue</strong>, with easy access to the <strong>A/C trains at Utica Avenue</strong> and the <strong>B52 bus right outside</strong>, this home offers convenient connectivity across Brooklyn and Manhattan.<br> Enjoy beloved neighborhood favorites:<br> <ul> <li> <strong>Chez Oscar,</strong>&nbsp; <strong>Trad Room and dar525</strong>&nbsp;for dining</li> <li> <strong>Saraghina</strong> for artisanal pizza</li> <li> <strong>Marian's</strong> for cocktails</li> <li> <strong>Passionfruit</strong> for coffee and pastries&nbsp;</li> </ul> Whether you're looking to create your <strong>forever home</strong> or invest in a property with <strong>strong rental upside and low taxes</strong>, <strong>929 Gates Avenue</strong> offers space, flexibility, and prime location-a rare opportunity in one of Brooklyn's most sought-after neighborhoods.<br>

Home Features

  • •In Unit
  • •Private Outdoor Space Under 60 Sqft
  • •Smoke Free

Estimated Monthly Payment

$7,272 per month

30 year fixed, 6.28% Interest

Principal and Interest
$6,567
Property Taxes
$705
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$19,935

Monthly savings impact

$55/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

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Listing Courtesy of Nest Seekers LLC

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RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Corcoran Group

Data Source: TRESTLE #RLS20046267

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Price Analysis

Compare average listing prices and value metrics for 929 GATES Avenue against the surrounding Stuyvesant Heights market.

Based on 1 active units in building vs 41 in area

Average List Price

Building$1.3M
Neighborhood$1.6M

Price Per SqFt

Building Avg$461/ft²
Neighborhood Avg$956/ft²
Value Opportunity

51.73% Lower

than the Stuyvesant Heights price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Stuyvesant Heights

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