Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
962 Gates Avenue

For Sale · Listing by Compass

962 Gates Avenue

Bedford-Stuyvesant, Brooklyn

$2,000,000

Interested in this property?
Active For Sale Multi Family

$2,000,000

$597 per sq ft

962 Gates Avenue

Bedford-Stuyvesant, Brooklyn

MLS® #RLS20089694

RLS at REBNY

Listing by Compass

Open House Scheduled

Sunday, September 20 • 12:00 PM – 1:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

7
Bedrooms
4
Baths
3,350
Sq. Ft.
1899
Year Built

Quick Summary

Bedrooms 7
Bathrooms 4
Living Area 3,350 sq ft
Lot Size 1,900 sq ft
Year Built 1899
Ownership None
Property Taxes $3,798/yr
Neighborhood Bedford-Stuyvesant
Floor 1 of 2

Property Highlights

  • Climate Control: Central Air
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 11
Baths 4 Full
Floor 1 of 2
Cooling Central Air
Pets Yes
Year Built 1899
Living Area 3,350 sq ft
Structure Type MultiFamily,Townhouse
Furnished Unfurnished
Lot Size 1,900 sq ft
Parcel # 01638-0030
Block/Lot 01638/0030

Listing History

Event Date Price Change
Listed Sep 14, 2026 $2,000,000 -
Currently Sep 15, 2026 $2,000,000 -

Description

962 Gates Avenue — An Expansive Bed-Stuy Beauty Discover an exceptionally large and meticulously maintained two-family, three-story townhouse offering over 3,350 sq ft of living space, a rare 19.5' x 57.5' footprint, and an additional 550 sq ft finished basement. The home is composed of a sun-filled 2,243 sq ft upper duplex and a 1,123 sq ft garden apartment with private basement access. The upper duplex opens to an impressive 750 sq ft living/dining/kitchen great room anchored by two marble mantels. A rear bedroom—perfect as a studio—leads to a private deck overlooking the garden. Upstairs, find four oversized bedrooms, three full baths, and soaring ceilings (11' on the parlor level, 10' above). The garden apartment offers three generous bedrooms, an open chef’s kitchen with stainless steel appliances, a large living/dining area, a 550 sq ft south-facing garden, and its own fully finished basement—currently a music studio. Exposed brick, central air, individual thermostats, and in-unit laundry enhance both residences. Ideally located one block from the J/M/Z at Gates Ave and a short walk to the A/C at Utica, 962 Gates sits moments from local favorites including Saraghina, Trad Room, Passionfruit Coffee, Cuts & Slices, Ornithology Jazz Club, and Chez Alex Bakery. A rare blend of scale, light, and location—welcome home. Tenants in place in both units until 03/15/2027.

Features & Amenities

Interior Features

Common On Floor Common Area In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure MultiFamily,Townhouse

Financial Details

RE Taxes $3,798/yr ($317/mo)

Bedford/Stuyvesant, in Brooklyn, features a mix of traditional brownstone row houses and mid-rise apartment buildings. Local amenities include proximity to major parks and robust access via subway lines, such as the L and J/Z trains. The area retains much of its historic architecture alongside newer residential developments.

Bedford-Stuyvesant Live Market Data

View Neighborhood

Active Listings

96

Median Asking Price

$1.80M

Median $/Sqft

$850

Avg Days on Market

N/A

New This Week

15

Price Reduced

24%

Sold (30 Days)

17

Median Sale Price

$1.82M

Live data from RLS at REBNY • Updated 9/15/26, 1:39 AM EST

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Location

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962 Gates Avenue, Bedford-Stuyvesant, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
2
Floors
2
Residential Units
R6A
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $76,560
Land Value: $19,020
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,900 SF
Building Area: 1,710 SF
Built FAR: 0.9
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $3,798, or roughly $317 per month. Verify the current assessment with your attorney before closing.

This property has 7 bedrooms and 4 full bathrooms.

The listed interior living area is 3,350 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $2,000,000 for 3,350 sq ft, the asking price per square foot is approximately $597. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20089694
First Listed: 5/7/2026
On Market: 9/14/2026
Contract Date: 5/4/2026

Listing Courtesy of Compass - Sabelo Sabelo Narasimhan

Listing Contact: (917) 539-1068

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/15/2026 at 5:39 AM UTC

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Bedford-Stuyvesant Market Update

17 sales last 30 days · $1.80M median · 5.6 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Bedford-Stuyvesant Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1899
First Listed 5/7/2026
Living Area 3,350 sqft
Annual Tax $3,798

Monthly Costs Estimate

Down Payment 20%

$400,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $317
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$25,000

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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