New York City  »  11216  »  Gates Ave  »  551 Gates Ave

551 Gates Avenue, Brooklyn, NY 11216 - Property report

Also known as: 551 Gates Ave

Property image for 551 Gates Avenue, Brooklyn, NY 11216
static Mapbox map

Property type

Single or Multiple Dwelling with Stores or Offices (S9)

Year built

1931

Lot sq. ft.

2,000

Sale price

$2,325,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
551 Gates Avenue
Alternate address(es)
312-314 Tompkins Ave
316 Tompkins Ave
ZIP code
11216
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01809-0044

Owner

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Building
Property type
Single or Multiple Dwelling with Stores or Offices (S9)
Building sq. ft.
4,000
Building dimensions
20 ft x 50 ft
Buildings on lot
1
Stories
3
Year built
1931
Building material
Sales
Sale date
03/07/2022
Sale price
$2,325,000
Tax
Tax year
2026-2027
Property tax
$5,716
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
89 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
80 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.09 Miles
Closest fire station
0.35 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 551 Gates Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 551 Gates Avenue, Brooklyn, NY 11216

Sale date Sale price Buyer name Seller name
03/07/2022 $2,325,000 XXX XXXXX XXXXXX XXX XX XXX XXX
08/12/2013 $1,300,000 XXX XXXXXXXX XXXXXXXX XXX XXXX XXXXXX XXXX.
11/05/2010 $250,000 XXXX XXXXXX XXX X XXXXX XXXXXXXXX, XX XXXXXXXXX XXXXXXX XXX XXXX XXXXXXX XXXX XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/23/2022 - R UCC3 Termination
(2022031501468008)		 XXX XXXXXXXX XXXXXXXX XXX XXXXXXXXX XXXX
03/23/2022 - R
03/07/2022 - D		 Termination of Assign of L&R
(2022031501468007)		 XXXXXXXXX XXXX XXX XXXXXXXX XXXXXXXX XXX
03/23/2022 - R
03/07/2022 - D		 Assignment of Leases and Rents
(2022031501468006)		 XXX XXXXX XXXXXX XXX XX XXXX X X
03/23/2022 - R
03/07/2022 - D		 Agreement
(2022031501468005)		 XXX XXXXX XXXXXX XXX XX XXXX X X
03/23/2022 - R
03/07/2022 - D		 Mortgage
(2022031501468004)		 XXX XXXXX XXXXXX XXX XX XXXX X X
03/23/2022 - R
03/07/2022 - D		 Assignment, Mortgage
(2022031501468003)		 XXXXXXXXX XXXX XX XXXX XX XXXXXXXXXX
03/23/2022 - R
03/07/2022 - D		 Deed
(2022031501468002)		 XX XXX XXX XXX XXXXX XXXXXX XXX
03/23/2022 - R
03/07/2022 - D		 Deed
(2022031501468001)		 XXX XXXXXXXX XXXXXXXX XXX XX XXX XXX
03/01/2019 - R Initial UCC1
(2019022700845001)		 XXX XXXXXXXX XXXXXXXX XXX XXXXXXXXX XXXX
02/07/2019 - R UCC3 Termination
(2019020500442001)		 XXX XXXXXXXX XXXXXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 551 Gates Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$5,716
Municipal exemptions
Recent tax assessments
Market value
$806,000
Assessed value
$362,700

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $712,000 $320,400 $42,550 12.439% $5,293 $5,293 +7.47%
2024/25 $668,400 $300,780 $39,400 12.5% $4,925 $4,925 -0.02%
2023/24 $557,000 $250,650 $39,400 12.502% $4,926 $4,926 +5.18%
2022/23 $464,000 $208,800 $38,177 12.267% $4,683 $4,683 +8.28%
2021/22 $370,800 $166,860 $35,349 12.235% $4,325 $4,325 +7.72%
2020/21 $360,000 $162,000 $32,731 12.267% $4,015 $4,015 +6.21%
2019/20 $300,000 $135,000 $30,308 12.473% $3,780 $3,780 -1.10%
2018/19 $250,000 $112,500 $30,308 12.612% $3,822 $3,822 +2.34%
2017/18 $217,000 $97,650 $29,367 12.719% $3,735 $3,735 +6.55%
2016/17 $197,000 $88,650 $27,192 12.892% $3,506 $3,506 +8.07%
Permits

Permit information for 551 Gates Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/08/2023 Alteration
06/08/2023 Alteration
03/02/2023 Alteration
01/03/2023 Alteration
01/03/2023 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Nostrand Ave & Lafayette Ave at SW Corner
Station lines
G
Distance (miles)
0.401
View subway map

Access the detailed traffic volume map for 551 Gates Avenue, Brooklyn, NY 11216 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 551 Gates Avenue, Brooklyn, NY

523 A Gates Ave, Brooklyn 392 Quincy St, Brooklyn 535 A Gates Ave, Brooklyn 527 Gates Ave, Brooklyn 302 Tompkins Ave, Brooklyn 390 Quincy St, Brooklyn 533 Gates Ave, Brooklyn 531 Gates Ave, Brooklyn 521 Gates Ave, Brooklyn 394 Quincy St, Brooklyn 388 Quincy St, Brooklyn 549 Gates Ave, Brooklyn 308 Tompkins Ave, Brooklyn 386 Quincy St, Brooklyn 523 Gates Ave, Brooklyn 304 Tompkins Ave, Brooklyn 529 Gates Ave, Brooklyn 525 Gates Ave, Brooklyn 310 Tompkins Ave, Brooklyn 306 Tompkins Ave, Brooklyn

Nearby ZIP codes for 551 Gates Avenue, Brooklyn, NY

10002, New York City, NY 11201, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11210, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11221, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 551 Gates Avenue, Brooklyn, NY 11216?

The development at 551 Gates Avenue, Brooklyn, NY 11216 was built in 1931.

What is the market value of 551 Gates Avenue, Brooklyn, NY 11216?

The current market value of 551 Gates Avenue, Brooklyn, NY 11216 is $806,000.

What is the total square footage of 551 Gates Avenue, Brooklyn, NY 11216?

551 Gates Avenue, Brooklyn, NY 11216 has a total of 4,000 square feet.

What is the price per square foot for this property?

$581 per square foot is the price for 551 Gates Avenue, Brooklyn, NY 11216.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 4.

Disclaimer

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