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486 Gates Avenue, Brooklyn, NY 11216 Property Information

486 Gates Avenue, Brooklyn, NY 11216 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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486 Gates Avenue, Brooklyn, NY 11216 1
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Address

Primary address 486 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11216
Borough Brooklyn
Block & lot 01814-0010

Sales & Tax Overview for 486 Gates Avenue, Brooklyn

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Purchase date 06/27/2019
Purchase price $14,375,223 - M
Tax class

Lot & Building Information for 486 Gates Avenue, Brooklyn

Lot sq. ft. 2,500
Lot dimensions 25 ft x 100 ft
Property type Over Six Families without Stores (C1)
Building sqft 10,280
Building dimensions 25 ft x 65 ft
Buildings on lot 1
Stories 4
Year built 1931
Year last altered 2000
Construction type
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Zoning & Use for 486 Gates Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 8
Regulatory status Rent stabilized
Stabilized units 8
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.16 Miles
Closest fire station 0.25 Miles

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

Other Property Data for 486 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 486 Gates Avenue, Brooklyn, NY 11216, 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 486 Gates Avenue, Brooklyn, NY 11216, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 486 Gates Avenue, Brooklyn

What is the year built & the total sq. ft. for 486 Gates Avenue, Brooklyn, NY 11216?

486 Gates Avenue, Brooklyn, NY 11216 was built in 1931 and has a total of 10,280 square feet.

What is the assessed value of 486 Gates Avenue, Brooklyn, NY 11216?

The assessed market value for the current tax year is $895,950.

When was 486 Gates Avenue, Brooklyn, NY 11216 last sold and what was the last sale price?

486 Gates Avenue, Brooklyn, NY 11216 was last sold in 06/27/2019 for $14,375,223.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 486 Gates Avenue, Brooklyn

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Property owner name for 486 Gates Avenue, Brooklyn, NY 11216
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Building contacts for 486 Gates Avenue, Brooklyn, NY 11216
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Jun 23, 2026 NYC Resale Gains & Losses: Every Borough Made Money in 2025, Except Manhattan
In 2025, NYC home-sellers mostly made money. But, in Manhattan, resales came with losses — and it was apartments and recent buyers that absorbed them.
Eliza Theiss, Jun 04, 2026 World Cup or Your Mortgage/Rent? Ticket Prices Rival Host City Housing Costs
World Cup ticket prices rival monthly housing expenses in the 11 U.S. host cities, with even the cheapest seats covering weeks or even months of rent or mortgage payments.
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Past Sales & Property History for 486 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 486 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Sale date Sale price Buyer name Seller name
06/27/2019 $14,375,223

Title Documents for 486 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
01/02/2026 - R UCC3 Termination
(2025123001076006)
01/02/2026 - R UCC3 Termination
(2025123001076005)
01/02/2026 - R
12/19/2025 - D
Sundry Miscellaneous
(2025123001076015)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076014)
01/02/2026 - R
12/19/2025 - D
Mortgage
(2025123001076013)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076012)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076011)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076010)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076009)
01/02/2026 - R
12/19/2025 - D
Assignment, Mortgage
(2025123001076008)
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R: Recorded date
D: Document date

Property Taxes for 486 Gates Avenue, Brooklyn

Access detailed property tax data for 486 Gates Avenue, Brooklyn, NY 11216. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $0
Tax assessor's market value: $1,991,000
Assessed value: $895,950
Exemptions granted by city:

Assessment History for 486 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 486 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 $1,659,000 $746,550 $0 12.439% $36,780 $0 n/a
2024/25 $1,382,400 $622,080 $0 12.5% $34,223 $0 n/a
2023/24 $1,152,000 $518,400 $0 12.502% $34,228 $0 n/a
2022/23 $1,354,000 $609,300 $0 12.267% $31,952 $0 n/a
2021/22 $1,083,000 $487,350 $15,607 12.235% $30,054 $474 -74.72%

Permits for 486 Gates Avenue, Brooklyn

The complete history of permits filed for 486 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
06/28/2019 Alteration type 2
10/15/2018 Alteration type 3
11/29/2004 Alteration type 1
10/28/2004 Alteration type 1
02/23/2004 Alteration type 2
02/11/2004 Alteration type 3
10/08/2002 Alteration type 2
03/07/2000 Alteration type 1
03/09/1995 Alteration type 2
11/19/1991 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 Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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) 0.351
View subway map

Neighbors for 486 Gates Avenue, Brooklyn

Here are the neighbors for 486 Gates Avenue, Brooklyn, NY 11216.

Address Square feet Purchase date Purchase price
510 Gates Ave, Brooklyn 47,327 05/15/2020 $11,100,000
486 A Gates Ave, Brooklyn 4,000 06/30/2015 $3,301,239
326 Tompkins Ave, Brooklyn 2,700 10/14/2015 $450,000
482 Gates Ave, Brooklyn 6,500 06/30/2015 $3,301,239
476 Gates Ave, Brooklyn 4,870 01/30/2025
468 Gates Ave, Brooklyn 7,200 06/30/2015 $3,301,239
496 Gates Ave, Brooklyn 6,750
478 Gates Ave, Brooklyn 3,300 01/07/2020
472 Gates Ave, Brooklyn 5,709 10/28/2021 $1,580,000
318 Tompkins Ave, Brooklyn 6,000 10/26/2022
211 Monroe St, Brooklyn 3,200 02/23/2023 $1,150,000
324 Tompkins Ave, Brooklyn 3,040 11/12/1987
470 Gates Ave, Brooklyn 3,300 07/26/2019
492 Gates Ave, Brooklyn 6,531 08/07/2014 $1,075,000
500 Gates Ave, Brooklyn 40,440 12/08/2016
320 Tompkins Ave, Brooklyn 4,081 02/02/2017 $1,125,000
322 Tompkins Ave, Brooklyn 1,546 04/26/2012 $472,930
480 Gates Ave, Brooklyn 6,500 06/30/2015 $3,301,239
801 Marcy Ave, Brooklyn 4,000 05/20/1999
213 Monroe St, Brooklyn 2,924 05/08/2006 $381,500
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