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555 Gates Avenue, Brooklyn, NY 11221 Property Information

555 Gates Avenue, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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555 Gates Avenue, Brooklyn, NY 11221 1
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Address

Primary address 555 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01810-0078

Sales & Tax Overview for 555 Gates Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 12/03/2014
Purchase price $6,350,000
Tax class
Estimated property tax $57,050

Lot & Building Information for 555 Gates Avenue, Brooklyn

Lot sqft 3,500
Lot dimensions 35 ft x 100 ft
Building class Walk-up Apartment - Over Six Families with Stores (C7) i
Building sqft 10,570
Building dimensions 35 ft x 76 ft
Buildings on lot 1
Stories 4
Year built 1910
Construction type
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Zoning & Use for 555 Gates Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 15
Regulated units
Commercial units 1
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.08 Miles
Closest fire station 0.37 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 555 Gates Avenue, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 555 Gates Avenue, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 555 Gates Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 555 Gates Avenue, Brooklyn

How many sq. ft. does 555 Gates Avenue, Brooklyn, NY 11221 have & what is the price per sq. ft?

This Walk-up Apartment - Over Six Families with Stores (C7) located at 555 Gates Avenue, Brooklyn, NY 11221 has a total of 10,570 square feet and a current price per square foot of $600.

What is the year built & the current market value of 555 Gates Avenue, Brooklyn, NY 11221?

555 Gates Avenue, Brooklyn, NY 11221 was built in 1910 and has a current tax assessor's market value of $953,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 555 Gates Avenue, Brooklyn

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Property owner name for 555 Gates Avenue, Brooklyn, NY 11221
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Building contacts for 555 Gates Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
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Past Sales & Property History for 555 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 555 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
12/03/2014 $6,350,000
06/13/2012 $2,900,000
11/03/2009 $900,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 555 Gates Avenue, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
09/11/2024 - R UCC3 Assignment
(2024081500692007)
12/20/2023 - D
09/12/2024 - R
Asgn of Asgn of L&R
(2024081500317002)
12/20/2023 - D
09/12/2024 - R
Assignment, Mortgage
(2024081500317001)
11/25/2020 - R UCC3 Termination
(2020112301061007)
11/25/2020 - R UCC3 Termination
(2020112301061006)
11/17/2020 - R Initial UCC1
(2020111700718001)
11/12/2020 - D
11/25/2020 - R
Termination of Assign of L&R
(2020112301061005)
11/12/2020 - D
11/25/2020 - R
Termination of Assign of L&R
(2020112301061004)
11/12/2020 - D
11/25/2020 - R
Assignment of Leases and Rents
(2020112301061003)
11/12/2020 - D
11/25/2020 - R
Agreement
(2020112301061002)
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R: Recorded date
D: Document date

Property Taxes for 555 Gates Avenue, Brooklyn

Access detailed property tax data for 555 Gates Avenue, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $52,248
Estimated property tax: $57,050
Tax assessor's market value: $953,000
Assessed value: $428,850

Assessment History for 555 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 555 Gates Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $953,000 $428,850 $420,030 12.439% $52,248 $52,248 -4.04%
2024/25 $972,000 $437,400 $435,600 12.5% $54,450 $54,450 +9.61%
2023/24 $883,000 $397,350 $397,350 12.502% $49,677 $49,677 -12.03%
2022/23 $1,023,000 $460,350 $460,350 12.267% $56,471 $56,471 +22.69%
2021/22 $836,000 $376,200 $376,200 12.235% $46,028 $46,028 -22.26%

Permits for 555 Gates Avenue, Brooklyn

The complete history of permits filed for 555 Gates Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
12/10/2009 Alteration type 2
         
         
         
         
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Nostrand Ave & Lafayette Ave at SW Corner
Station lines G
Distance (miles) 0.419
View subway map
Bus Routes
Name Gates Av/Tompkins Av
Line B52
Distance (miles) 0.023

Neighbors for 555 Gates Avenue, Brooklyn

Here are the neighbors for 555 Gates Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
478 Quincy St, Brooklyn 3,000 05/07/2021
567 Gates Ave, Brooklyn 4,640 06/30/2015 $2,672,679
571 Gates Ave, Brooklyn 4,256 04/26/2018 $650,000
579 Gates Ave, Brooklyn 2,940
587 Gates Ave, Brooklyn 8,100 06/30/2015 $2,672,679
480 Quincy St, Brooklyn 2,700 12/16/2010 $10,000
593 Gates Ave, Brooklyn 5,672 06/27/2019 $5,388,368
437 Throop Ave, Brooklyn 7,200 07/23/2014 $1,700,000
484 Quincy St, Brooklyn 2,700
490 Quincy St, Brooklyn 2,487 06/30/2013
563 Gates Ave, Brooklyn 4,640 08/18/2023 $1,950,000
565 Gates Ave, Brooklyn 5,040 05/27/2021
420 Quincy St, Brooklyn 3,000 12/07/2004
482 Quincy St, Brooklyn 2,700 06/19/2008
486 Quincy St, Brooklyn 2,487 07/19/2016
488 Quincy St, Brooklyn 2,487 11/14/2016
488 A Quincy St, Brooklyn 2,487 06/18/2025 $1,155,000
561 Gates Ave, Brooklyn 10,570 12/03/2014 $6,350,000
569 Gates Ave, Brooklyn 4,640 12/01/2002
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