Kings  »  11221  »  Gates Ave  »  561 Gates Ave

561 Gates Avenue, Brooklyn, NY 11221 - Property report

Also known as: 561 Gates Ave

Property image for 561 Gates Avenue, Brooklyn, NY 11221
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Property type

Walk-up Apartment - Over Six Families with Stores (C7)

Year built

1910

Lot sq. ft.

3,500

Sale price

$6,350,000

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
561 Gates Avenue
ZIP code
11221
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01810-0076

Owner

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Building
Property type
Walk-up Apartment - Over Six Families with Stores (C7)
Building sq. ft.
10,570
Building dimensions
35 ft x 75.5 ft
Buildings on lot
1
Stories
4
Year built
1910
Last altered
2015
Building material
Sales
Sale date
12/03/2014
Sale price
$6,350,000 - M
Tax
Tax year
2026-2027
Property tax
$17,596
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
15
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
35 ft x 100 ft
Lot sq. ft.
3,500

Area overview

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

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

Ownership

Ownership information for 561 Gates Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

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

Sales history for 561 Gates Avenue, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
12/03/2014 $6,350,000 XXX & XXX XXXXX XXX XXX XXXXX XXX
06/13/2012 $2,900,000 XXX XXXXX XXX XXX XXXXX XXXXXX, XXX
11/03/2009 $900,000 XXX XXXXX XXXXXX, XXX XXXXXXXX XXXX XXXXX XXX XXXXX XXXXXXXXX, XX XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
09/11/2024 - R UCC3 Assignment
(2024081500692007)		 XXX XXX XXXXX XXX XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
09/12/2024 - R
12/20/2023 - D		 Asgn of Asgn of L&R
(2024081500317002)		 XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXX XXXX XX XX XXXX XXXXXXX XXX
09/12/2024 - R
12/20/2023 - D		 Assignment, Mortgage
(2024081500317001)		 XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXX XXXX XX XX XXXX XXXXXXX XXX
11/25/2020 - R UCC3 Termination
(2020112301061007)		 XXX XXX XXXXX XXX XXXXXXXXX XXXX
11/25/2020 - R UCC3 Termination
(2020112301061006)		 XXX XXX XXXXX XXX XXXXXXXXX XXXX
11/17/2020 - R Initial UCC1
(2020111700718001)		 XXX XXX XXXXX XXX XXXXXXXXX XXXX
11/25/2020 - R
11/12/2020 - D		 Termination of Assign of L&R
(2020112301061005)		 XXXXXXXXX XXXX XXX XXX XXXXX XXX
11/25/2020 - R
11/12/2020 - D		 Termination of Assign of L&R
(2020112301061004)		 XXXXXXXXX XXXX XXX XXX XXXXX XXX
11/25/2020 - R
11/12/2020 - D		 Assignment of Leases and Rents
(2020112301061003)		 XXX XXX XXXXX XXX XXXXXXXXX XXXX
11/25/2020 - R
11/12/2020 - D		 Agreement
(2020112301061002)		 XXX XXX XXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 561 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
$17,596
Municipal exemptions
Recent tax assessments
Market value
$2,110,000
Assessed value
$949,500

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 $2,218,000 $998,100 $265,309 12.439% $114,638 $16,830 +12.11%
2024/25 $1,975,000 $888,750 $249,469 12.5% $111,094 $15,012 +3.52%
2023/24 $1,956,000 $880,200 $245,346 12.502% $110,043 $14,501 -21.06%
2022/23 $2,123,000 $955,350 $281,583 12.267% $103,403 $18,370 +29.68%
2021/22 $1,968,000 $885,600 $247,950 12.235% $96,317 $14,165 -68.00%
2020/21 $2,219,000 $998,550 $360,900 12.267% $90,956 $44,272 -45.99%
2019/20 $1,528,000 $687,600 $657,174 12.473% $81,969 $81,969 +28.95%
2018/19 $1,266,000 $569,700 $504,000 12.612% $63,564 $63,564 +8.12%
2017/18 $1,241,000 $558,450 $462,240 12.719% $58,792 $58,792 +12.40%
2016/17 $1,195,000 $537,750 $405,720 12.892% $52,305 $52,305 +21.20%
Permits

Permit information for 561 Gates Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
06/01/2018 Alteration type 2
12/15/2016 Alteration type 2
09/22/2015 Alteration type 2
03/24/2015 Alteration type 2
04/24/2013 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
07/13/2016 Aeuhaz1-fail to certify class 1
02/24/2016 Aeuhaz1-fail to certify class 1
09/16/1997 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record 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)
0.425
View subway map

Access the detailed traffic volume map for 561 Gates Avenue, Brooklyn, NY 11221 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 561 Gates Avenue, Brooklyn, NY

478 Quincy St, Brooklyn 567 Gates Ave, Brooklyn 597-599 Gates Ave, Brooklyn 571 Gates Ave, Brooklyn 579 Gates Ave, Brooklyn 587 Gates Ave, Brooklyn 480 Quincy St, Brooklyn 555 Gates Ave, Brooklyn 593 Gates Ave, Brooklyn 437 Throop Ave, Brooklyn 484 Quincy St, Brooklyn 563 Gates Ave, Brooklyn 565 Gates Ave, Brooklyn 420 Quincy St, Brooklyn 482 Quincy St, Brooklyn 486 Quincy St, Brooklyn 488 Quincy St, Brooklyn 488 A Quincy St, Brooklyn 569 Gates Ave, Brooklyn

Nearby ZIP codes for 561 Gates Avenue, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, 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 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 561 Gates Avenue, Brooklyn, NY 11221?

The development at 561 Gates Avenue, Brooklyn, NY 11221 was built in 1910.

What is the market value of 561 Gates Avenue, Brooklyn, NY 11221?

The current market value of 561 Gates Avenue, Brooklyn, NY 11221 is $2,110,000.

What is the total square footage of 561 Gates Avenue, Brooklyn, NY 11221?

561 Gates Avenue, Brooklyn, NY 11221 has a total of 10,570 square feet.

What is the price per square foot for this property?

$600 per square foot is the price for 561 Gates Avenue, Brooklyn, NY 11221.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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