Two-Family Townhouse with Private
For Sale
$1,399,999
904 GATES Ave, Brooklyn, NY 11221
Move-in-ready two-family townhouse with an owner duplex, separate top-floor rental, and private off-street parking.
Property Size2,880 SF
Days on Market11
Property Features for 904 GATES Ave
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
2,880 SF
Year Built
1995
Listing Agency:
(972) 693-2385
Listed By:
Alisha Shahid
(972) 693-2385
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 4 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alisha Shahid
Investment Insights
Based on property information with market context.
This move-in-ready two-family townhouse includes an expansive owner duplex with four bedrooms, two modern bathrooms, and a chef-friendly kitchen with updated appliances and premium granite countertops. A deep private garden is available for outdoor enjoyment.
The property also features a completely separate top-floor rental apartment for additional income. It includes a private driveway providing off-street parking. The remarks note a generous FAR of 3, with potential for long-term expansion by approximately 3,120 square feet.
Transit information provided indicates a TransitScore of 98 (Rider’s Paradise), with WalkScore of 88 (Very Walkable) and BikeScore of 74 (Very Bikeable).
The property also features a completely separate top-floor rental apartment for additional income. It includes a private driveway providing off-street parking. The remarks note a generous FAR of 3, with potential for long-term expansion by approximately 3,120 square feet.
Transit information provided indicates a TransitScore of 98 (Rider’s Paradise), with WalkScore of 88 (Very Walkable) and BikeScore of 74 (Very Bikeable).
Key Highlights
- Two‑family townhouse built in 1995 with an owner duplex and a separate top‑floor rental apartment
- Owner duplex features 4 bedrooms, 2 bathrooms, and a chef‑friendly kitchen with updated appliances and granite countertops
- Separate top‑floor rental provides immediate, steady revenue
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $144.1k | $50.03 |
| − OpEx | −$43.2k | −$15.01 |
| NOI | $100.9k | $35.02 |
2,880 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,862 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,923 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready two-family townhouse with an owner duplex, separate top-floor rental, and private off-street parking.
Where is this duplex located?
The property is located at 904 GATES Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two‑family townhouse built in 1995 with an owner duplex and a separate top‑floor rental apartment; Owner duplex features 4 bedrooms, 2 bathrooms, and a chef‑friendly kitchen with updated appliances and granite countertops; Separate top‑floor rental provides immediate, steady revenue
