929 Gates Ave, Brooklyn, NY 11221

Kings County

Last Updated: September 8, 2025

Asking price $1,329,000. Sells For 19% Less Than Market.

Last Sold Price: $156,500
Price to EMV Ratio: 86.00%
EARV Ratio: 81.00%
2,880 sqft
2,000 lot size
5 beds
3 baths
Year Built: 1995
Latitude: 40.6889850, Longitude: -73.9285270

929 Gates Ave

Brooklyn, NY 11221
Property details
The description and property data below may have been provided by a third party, the homeowner or public records.
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.
Property features
Primary Land Use and Tax Lot Information
  • 929 GATES AVENUE, 11221
  • DOB Overview:
  • Building Class:
    B1
    Two Family Dwellings: Brick
  • Year Built:
    1995
  • Number of Buildings:
    1
  • Floors on Main Building:
    2
  • Building Dimensions:
    20'48'
  • Actual Square Footage:
    2,880
  • Calculated Square Footage:
    1,920
  • Residential Floor Area:
    1,920
  • Total Units:
    2
  • Residential Units:
    2
  • Extension:
    None
  • Basement:
    Above grade partial basement
  • Proximity:
    Attached
  • Address:
    929 GATES AVENUE
  • Zip Code:
    11221
  • Borough:
    Brooklyn (3)
  • Block — Lot:
    1632 — 58
  • BBLE:
    3016320058
  • Lot Buildings:
    BIN
    Name
    3378306 929 GATES AVENUE

  • Ownership:

  • Land Use:
    01
    One & Two Family Buildings
  • Lot Dimensions:
    20'100'
  • Calculated Lot Perimeter:
    241.99 ft
  • Acres:
    0.05
  • Lot Area:
    2,000
  • Lot Type:
    Inside
  • Zoning Districts:
    R6A
    Moderate-density residence district
  • Zoning Map:

  • Actual FAR:
    1.44
  • Max Residential FAR:
    3
  • Max Commercial FAR:
    0
  • Max Facility FAR:
    3

  • Max Residential Sqft:
    6,000
  • Buildable Residential Sqft:
    3,120
  • Residential Area Distribution:
Real Property Records
Document Type
Personal Property Records
Document Type
Property Price History
Date Event Price
Sep 5, 2025 Listed $1,329,000
Oct 13, 1998 Sold $156,500
Property Tax History
Year Taxes Assessment
2024 $8,390 $88,740
2023 $8,004 $67,320
Sold Homes
Address Price Beds Baths
Homes For Sale
Address Price Beds Baths
Schools
School Name Rating
Ps 309 George E Wibecan Preparatory Academy
794 Monroe Street, NY 11221
4 / 10
Ms 267 Math Science And Technology
800 Gates Avenue, NY 11221
5 / 10
Excellence Girls Charter School
794 Monroe Street, NY 11221
5 / 10
Data provided by GreatSchools.org © 2025. All Rights Reserved.
School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Flood Factor
Flood Factor Score: 4 Flood Factor Score: 4 Flood Factor Score: 4 Flood Factor Score: 4
4 |10
Moderate
Flood Factor
FEMA Zone (Est.)
X (unshaded)
Flood insurance:
Recommended
Flood risks are increasing as sea levels rise and weather patterns change.
This property has a Moderate Flood Factor .
Flood Factor data provided by FloodFactor.