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500 Gates Avenue, Brooklyn, NY 11216 Property Information

500 Gates Avenue, Brooklyn, NY 11216 Property Information

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

Primary address 500 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11216
Borough Brooklyn
Block & lot 01814-0017

Sales & Tax Overview for 500 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 07/17/2012
Purchase price $1,750,000
Tax class

Lot & Building Information for 500 Gates Avenue, Brooklyn

Lot sqft 13,500
Lot dimensions 135 ft x 100 ft
Building class Elevator Apartment - Semi-fireproof without Stores (D1)
Building sqft 40,440
Building dimensions 62 ft x 135 ft
Buildings on lot 1
Stories 5
Year built 2017
Construction type
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Zoning & Use for 500 Gates Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 68
Regulated units
Residential sqft

Area Overview

Walk Score
93 /100. Walker's Paradise
Transit Score
100 /100. Rider's Paradise
Bike Score
78 /100. Very Bikeable

School district 13
Community district 3
Closest police station 0.14 Miles
Closest fire station 0.27 Miles

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

Other Property Data for 500 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 500 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 500 Gates Avenue, Brooklyn, NY 11216, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 500 Gates Avenue, Brooklyn

What is the year built & the total sq. ft. for 500 Gates Avenue, Brooklyn, NY 11216?

500 Gates Avenue, Brooklyn, NY 11216 was built in 2017 and has a total of 40,440 square feet.

What is the assessed value of 500 Gates Avenue, Brooklyn, NY 11216?

The assessed market value for the current tax year is $2,269,800.

When was 500 Gates Avenue, Brooklyn, NY 11216 last sold?

500 Gates Avenue, Brooklyn, NY 11216 was last sold in 12/08/2016.

How many residential units does this building have?

This building has 68 residential unit(s).

Ownership Information for 500 Gates Avenue, Brooklyn

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Property owner name for 500 Gates Avenue, Brooklyn, NY 11216
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Building contacts for 500 Gates Avenue, Brooklyn, NY 11216
Building management:
Representatives (from permits):
Tenants:
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Past Sales & Property History for 500 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 500 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
07/17/2012 $1,750,000

Title Documents for 500 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
09/01/2022 - R Initial UCC1
(2022083000866001)
06/11/2020 - R UCC3 Assignment
(2020060400888011)
06/11/2020 - R UCC3 Amendment
(2020060400888010)
05/29/2020 - D
06/11/2020 - R		 Asgn of Asgn of L&R
(2020060400888013)
05/29/2020 - D
06/11/2020 - R		 Assignment, Mortgage
(2020060400888012)
05/20/2020 - D
06/11/2020 - R		 Subordination of Mortgage
(2020060400888009)
05/20/2020 - D
06/11/2020 - R		 Agreement
(2020060400888008)
05/20/2020 - D
06/11/2020 - R		 Assignment, Mortgage
(2020060400888007)
05/20/2020 - D
06/11/2020 - R		 Assignment of Leases and Rents
(2020060400888006)
05/20/2020 - D
06/11/2020 - R		 Agreement
(2020060400888005)
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R: Recorded date
D: Document date

Property Taxes for 500 Gates Avenue, Brooklyn

Access detailed property tax data for 500 Gates Avenue, Brooklyn, NY 11216. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $0
Tax assessor's market value: $5,044,000
Assessed value: $2,269,800
Exemptions granted by city:

More about New York City Property Taxes

Assessment History for 500 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 500 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 $5,044,000 $2,269,800 $0 12.439% $233,160 $0 n/a
2024/25 $4,187,000 $1,884,150 $0 12.5% $220,545 $0 n/a
2023/24 $4,189,000 $1,885,050 $0 12.502% $212,490 $0 n/a
2022/23 $3,956,000 $1,780,200 $0 12.267% $200,536 $0 n/a
2021/22 $3,451,000 $1,552,950 $0 12.235% $190,003 $0 n/a
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Permits for 500 Gates Avenue, Brooklyn

The complete history of permits filed for 500 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
08/27/2018 Alteration
05/31/2018 Alteration type 2
05/31/2018 Alteration type 2
06/28/2017 Alteration type 3
06/28/2017 Alteration type 3
06/01/2017 Full demolition
06/01/2017 Full demolition
05/15/2017 Alteration type 3
05/15/2017 Alteration type 3
02/10/2017 Alteration type 2
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More about New York City Property Records

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
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% 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) 0.378
View subway map
Bus Routes
Name Gates Av/Tompkins Av
Line B52
Distance (miles) 0.047

Neighbors for 500 Gates Avenue, Brooklyn

Here are the neighbors for 500 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 Gates Ave, Brooklyn 10,280 06/27/2019 $14,375,223
326 Tompkins Ave, Brooklyn 2,700 10/14/2015 $450,000
486 A Gates Ave, Brooklyn 4,000 06/30/2015 $3,301,239
482 Gates Ave, Brooklyn 6,500 06/30/2015 $3,301,239
476 Gates Ave, Brooklyn 4,870 01/30/2025
332 Tompkins Ave, Brooklyn 2,142 04/06/2016
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
330 Tompkins Ave, Brooklyn 3,060 11/11/1998
324 Tompkins Ave, Brooklyn 3,040 11/12/1987
470 Gates Ave, Brooklyn 3,300 07/26/2019
320 Tompkins Ave, Brooklyn 4,081 02/02/2017 $1,125,000
322 Tompkins Ave, Brooklyn 1,546 04/26/2012 $472,930
334 Tompkins Ave, Brooklyn 6,920 06/15/2023
492 Gates Ave, Brooklyn 6,531 08/07/2014 $1,075,000
480 Gates Ave, Brooklyn 6,500 06/30/2015 $3,301,239
328 Tompkins Ave, Brooklyn 2,598 09/23/2010 $907,986
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