Kings  »  11216  »  Gates Ave  »  500 Gates Ave

500 Gates Avenue, Brooklyn, NY 11216 - Property report

Also known as: 500 Gates Ave

Property image for 500 Gates Avenue, Brooklyn, NY 11216
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Property type

Elevator Apartment - Semi-fireproof without Stores (D1)

Year built

2017

Lot sq. ft.

13,500

Sale price

$1,750,000 - M

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

Owner

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Building
Property type
Elevator Apartment - Semi-fireproof without Stores (D1)
Building sq. ft.
40,440
Building dimensions
62 ft x 135 ft
Buildings on lot
1
Stories
5
Year built
2017
Building material
Sales
Sale date
07/17/2012
Sale price
$1,750,000 - M
Tax
Tax year
2026-2027
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
68
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
135 ft x 100 ft
Lot sq. ft.
13,500

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 such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 500 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 500 Gates Avenue, Brooklyn, NY 11216

Sale date Sale price Buyer name Seller name
07/17/2012 $1,750,000 XXXXXXXXXXXX XXXXXX XXX XXXXXX XXXXXX XXX XXXXX XXX. XXX. XXX XXX XXXXX XXXXXX. XXX.

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
09/01/2022 - R Initial UCC1
(2022083000866001)		 XXXX XXXXX X X XXXX XX X X X XXXXX XXXXXX XXXX XXX XXXXX XXX
06/11/2020 - R UCC3 Assignment
(2020060400888011)		 XXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XXXXXXXX X X
06/11/2020 - R UCC3 Amendment
(2020060400888010)		 XXXX XXXXX X X XXXXXXXX X X
06/11/2020 - R
05/29/2020 - D		 Asgn of Asgn of L&R
(2020060400888013)		 XXXXXXXX X X XXXX XX X X X
06/11/2020 - R
05/29/2020 - D		 Assignment, Mortgage
(2020060400888012)		 XXXXXXXX X X XXXX XX X X X
06/11/2020 - R
05/20/2020 - D		 Subordination of Mortgage
(2020060400888009)		 XXXX XXXXX X X XXXXXXXX X X
06/11/2020 - R
05/20/2020 - D		 Agreement
(2020060400888008)		 XXXX XXXXX X X XXXX XX XXX XXXX (XXX) XXXXXX XX
06/11/2020 - R
05/20/2020 - D		 Assignment, Mortgage
(2020060400888007)		 XXXXXXXX X X XXXX XX XXX XXXX (XXX) XXXXXX XX
06/11/2020 - R
05/20/2020 - D		 Assignment of Leases and Rents
(2020060400888006)		 XXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XXXXXXXX X X
06/11/2020 - R
05/20/2020 - D		 Agreement
(2020060400888005)		 XXXX XXX XXXXX XXXXXXX XXXXXXXXXXX XXXXXXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 500 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
Municipal exemptions
Recent tax assessments
Market value
$5,563,000
Assessed value
$2,503,350

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 $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
2020/21 $3,821,000 $1,719,450 $0 12.267% $194,850 $0 n/a
2019/20 $3,468,000 $1,560,600 $0 12.473% $193,206 $0 n/a
2018/19 $767,000 $345,150 $0 12.612% $40,466 $0 n/a
2017/18 $767,000 $345,150 $298,764 10.514% $31,412 $31,412 n/a
2016/17 $723,000 $325,350 $0 10.574% $28,888 $0 n/a
Permits

Permit information for 500 Gates Avenue, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/01/2023 Egrade-failure to post energy grade/score none
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required

*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)
0.378
View subway map

Access the detailed traffic volume map for 500 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 500 Gates Avenue, Brooklyn, NY

510 Gates Ave, Brooklyn 486 Gates Ave, Brooklyn 326 Tompkins Ave, Brooklyn 486 A Gates Ave, Brooklyn 482 Gates Ave, Brooklyn 476 Gates Ave, Brooklyn 332 Tompkins Ave, Brooklyn 496 Gates Ave, Brooklyn 478 Gates Ave, Brooklyn 472 Gates Ave, Brooklyn 318 Tompkins Ave, Brooklyn 330 Tompkins Ave, Brooklyn 324 Tompkins Ave, Brooklyn 470 Gates Ave, Brooklyn 320 Tompkins Ave, Brooklyn 322 Tompkins Ave, Brooklyn 334 Tompkins Ave, Brooklyn 492 Gates Ave, Brooklyn 480 Gates Ave, Brooklyn 328 Tompkins Ave, Brooklyn

Nearby ZIP codes for 500 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 500 Gates Avenue, Brooklyn, NY 11216?

The development at 500 Gates Avenue, Brooklyn, NY 11216 was built in 2017.

What is the total square footage of 500 Gates Avenue, Brooklyn, NY 11216?

500 Gates Avenue, Brooklyn, NY 11216 has a total of 40,440 square feet.

When was 500 Gates Avenue, Brooklyn, NY 11216 last sold and what was the sale price?

500 Gates Avenue, Brooklyn, NY 11216 was last sold on 07/17/2012 for $1,750,000 - M.

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

500 Gates Avenue, Brooklyn, NY 11216 is currently assessed at $2,503,350.

How many residential units does this building have?

This building has 68 residential unit(s).

Disclaimer

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