540 Gates Avenue, Brooklyn, NY 11221 Property Information
540 Gates Avenue, Brooklyn, NY 11221 Property Information
- General
- Owner
- Documents
- Tax
- Permits
- Neighborhood
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
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 06/19/2003 |
| Purchase price | $9 |
| Tax class | Register |
Lot & Building Information for 540 Gates Avenue, Brooklyn
| Lot sqft | 2,229 |
| Lot dimensions | |
| Building class | Over Six Families without Stores (C1) |
| Building sqft | 7,320 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 4 |
| Year built | 1931 |
| Year last altered | 2006 |
| Construction type | Register |
Area Overview
| 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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About 540 Gates Avenue, Brooklyn
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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Past Sales & Property History for 540 Gates Avenue, Brooklyn
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| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 06/19/2003 | $9 | Register | Register |
Title Documents for 540 Gates Avenue, Brooklyn
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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: | Register |
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.
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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.
Check out recently sold homes in Brooklyn and see how their prices compare.
Risk
| FEMA flood zone(s): | X (See more on map) |
Transportation
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Distance to Subway
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| Closest station | Nostrand Ave & Lafayette Ave at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | G | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.453 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| 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 |