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540 Gates Avenue, Brooklyn, NY 11221 Property Information

540 Gates Avenue, Brooklyn, NY 11221 Property Information

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

Primary address 540 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01815-0014

Sales & Tax Overview for 540 Gates Avenue, Brooklyn

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Purchase date 06/19/2003
Purchase price $9
Tax class

Lot & Building Information for 540 Gates Avenue, Brooklyn

Lot sqft 2,229
Lot dimensions 27.5 ft x 105 ft
Building class Over Six Families without Stores (C1) i
Building sqft 7,320
Building dimensions 27.5 ft x 63 ft
Buildings on lot 1
Stories 4
Year built 1931
Year last altered 2006
Construction type
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Zoning & Use for 540 Gates Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 8
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.12 Miles
Closest fire station 0.38 Miles

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

Other Property Data for 540 Gates Avenue, Brooklyn

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Floor area ratio (FAR) for 540 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 540 Gates Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 540 Gates Avenue, Brooklyn

What is the year built & the total sq. ft. for 540 Gates Avenue, Brooklyn, NY 11221?

540 Gates Avenue, Brooklyn, NY 11221 was built in 1931 and has a total of 7,320 square feet.

What is the assessed value of 540 Gates Avenue, Brooklyn, NY 11221?

The assessed market value for the current tax year is $670,500.

When was 540 Gates Avenue, Brooklyn, NY 11221 last sold and what was the last sale price?

540 Gates Avenue, Brooklyn, NY 11221 was last sold in 06/19/2003 for $9.

How many residential units does this building have?

This building has 8 residential unit(s).

Ownership Information for 540 Gates Avenue, Brooklyn

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Property owner name for 540 Gates Avenue, Brooklyn, NY 11221
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Building contacts for 540 Gates Avenue, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
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New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 540 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 540 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
06/19/2003 $9

Title Documents for 540 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
12/30/2003 - D
03/03/2004 - R
Agreement
(2004011400678002)
12/30/2003 - D
03/03/2004 - R
Agreement
(2004011400678001)
10/07/2003 - R Agreement
(2003071501066006)
07/24/2003 - R Initial UCC1
(2003071501747001)
06/19/2003 - D
10/07/2003 - R
Sundry Agreement
(2003071501066005)
06/19/2003 - D
10/07/2003 - R
Agreement
(2003071501066003)
06/19/2003 - D
10/07/2003 - R
Mortgage
(2003071501066002)
06/19/2003 - D
10/07/2003 - R
Deed
(2003071501066001)
06/19/2002 - D
10/07/2003 - R
Agreement
(2003071501066004)
04/06/1990 - D
04/25/1990 - R
Deed
(3470001534247)
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R: Recorded date
D: Document date

Property Taxes for 540 Gates Avenue, Brooklyn

Access detailed property tax data for 540 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: $0
Tax assessor's market value: $1,490,000
Assessed value: $670,500
Exemptions granted by city:

Assessment History for 540 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 540 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 $1,490,000 $670,500 $0 12.439% $26,155 $0 n/a
2024/25 $1,242,000 $558,900 $0 12.5% $24,336 $0 n/a
2023/24 $1,153,000 $518,850 $0 12.502% $24,340 $0 n/a
2022/23 $961,000 $432,450 $0 12.267% $23,142 $0 n/a
2021/22 $768,400 $345,780 $0 12.235% $21,372 $0 n/a

Permits for 540 Gates Avenue, Brooklyn

The complete history of permits filed for 540 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
05/03/2005 Alteration type 3
09/23/2003 Alteration type 2
09/11/2002 Alteration type 1
12/05/1995 Alteration type 2
10/20/1994 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) 0.453
View subway map
Bus Routes
Name Gates Av/Tompkins Av
Line B52
Distance (miles) 0.014

Neighbors for 540 Gates Avenue, Brooklyn

Here are the neighbors for 540 Gates Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
572 Gates Ave, Brooklyn 1,600 07/03/2025
335 Tompkins Ave, Brooklyn 03/18/2021 $700,000
341 Tompkins Ave, Brooklyn 3,487 09/08/2023 $2,350,000
542 Gates Ave, Brooklyn 20,000 06/30/2015 $1,931,600
337 Tompkins Ave, Brooklyn 2,262 03/21/2025 $1,300,000
546 Gates Ave, Brooklyn 13,224 06/30/2015 $1,931,600
331 Tompkins Ave, Brooklyn 7,200 02/28/2013 $1,450,000
339 Tompkins Ave, Brooklyn 2,262 07/06/2011 $460,000
474 Gates Ave, Brooklyn 3,300 05/12/2000
558 Gates Ave, Brooklyn 8,442 02/13/2014 $940,000
538 Gates Ave, Brooklyn 7,320 04/08/1993
333 Tompkins Ave, Brooklyn 4,508 05/20/2015 $772,500
552 Gates Ave, Brooklyn 8,302 09/21/2018 $3,400,000
554 Gates Ave, Brooklyn 6,528 03/20/2019
560 Gates Ave, Brooklyn 1,575 07/12/2002
536 Gates Ave, Brooklyn 7,500
281 Monroe St, Brooklyn 3,600 03/04/2008 $600,000
550 Gates Ave, Brooklyn 8,000 11/21/2003
556 Gates Ave, Brooklyn 8,500 12/04/2013 $800,000
574 Gates Ave, Brooklyn 2,400 04/28/2025 $1,350,000
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