Kings  »  11221  »  Gates Ave  »  550 Gates Ave

550 Gates Avenue, Brooklyn, NY 11221 - Property report

Also known as: 550 Gates Ave

Property image for 550 Gates Avenue, Brooklyn, NY 11221
static Mapbox map

Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

2,356

General information

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Address
Primary address
550 Gates Avenue
ZIP code
11221
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01815-0019

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
8,000
Building dimensions
25 ft x 80 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Tax
Tax year
2026-2027
Property tax
$10,147
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25.5 ft x 95.5 ft
Lot sq. ft.
2,356

Area overview

Walk score
90 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
79 /100.  Very Bikeable
School district
13
Community district
3
Closest police station
0.12 Miles
Closest fire station
0.41 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 550 Gates Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 550 Gates Avenue, Brooklyn, NY 11221

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/18/2019 - R UCC3 Termination
(2019041700090002)		 XXXXXX XX XXXXXX XXX XXXXXXXXX XXXX
04/18/2019 - R
04/09/2019 - D		 Termination of Assign of L&R
(2019041700090001)		 XXXXXXXXX XXXX XXXXXX XX XXXXXX XXX
04/18/2019 - R
04/09/2019 - D		 Agreement
(2019041601283003)		 XXXXXX XX XXXXXX XXX XXXXXXXX XXXXX XXXX X X
04/18/2019 - R
04/09/2019 - D		 Mortgage
(2019041601283002)		 XXXXXX XX XXXXXX XXX XXXXXXXX XXXXX XXXX X X
04/18/2019 - R
04/09/2019 - D		 Assignment, Mortgage
(2019041601283001)		 XXXXXXXXX XXXX XXXXXXXX XXXXX XXXX X X
03/25/2019 - R UCC3 Termination
(2019032500033001)		 XXXXXX XX XXXXXX XXX XXXXXX XXXX XXX XXXXXXX XXX
12/28/2018 - R UCC3 Continuation
(2018122601161001)		 XXXXXX XXXXXX XXX XXXXXXXXX XXXX
04/28/2014 - R Initial UCC1
(2014042400903001)		 XXXXXX XX XXXXXX XXX XXXXXX XXXX XXX XXXXXXX XXX
04/21/2014 - R Initial UCC1
(2014041700610001)		 XXXXXX XXXXXX XXX XXXXXXXXX XXXX
04/16/2014 - R
04/10/2014 - D		 Assignment of Leases and Rents
(2014041300005005)		 XXXXXX XX XXXXXX XXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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
Property tax
$10,147
Municipal exemptions
Recent tax assessments
Market value
$2,184,000
Assessed value
$982,800

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 $1,820,000 $819,000 $81,571 12.439% $10,147 $10,147 +2.75%
2024/25 $1,516,800 $682,560 $78,998 12.5% $9,875 $9,875 +7.96%
2023/24 $1,264,000 $568,800 $73,160 12.502% $9,146 $9,146 +10.03%
2022/23 $1,053,000 $473,850 $67,765 12.267% $8,313 $8,313 +8.28%
2021/22 $842,500 $379,125 $62,747 12.235% $7,677 $7,677 -0.26%
2020/21 $818,000 $368,100 $62,747 12.267% $7,697 $7,697 +1.55%
2019/20 $681,600 $306,720 $60,768 12.473% $7,580 $7,580 +6.79%
2018/19 $568,000 $255,600 $56,277 12.612% $7,098 $7,098 +7.05%
2017/18 $504,000 $226,800 $52,127 12.719% $6,630 $6,630 +6.55%
2016/17 $403,000 $181,350 $48,267 12.892% $6,223 $6,223 +0.07%
Permits

Permit information for 550 Gates Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
06/20/2023 Lblvio-low pressure boiler boiler required
10/01/2015 Lblvio-low pressure boiler

*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)
0.471
View subway map

Access the detailed traffic volume map for 550 Gates Avenue, Brooklyn, NY 11221 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 550 Gates Avenue, Brooklyn, NY

572 Gates Ave, Brooklyn 580 Gates Ave, Brooklyn 335 Tompkins Ave, Brooklyn 542 Gates Ave, Brooklyn 337 Tompkins Ave, Brooklyn 574 A Gates Ave, Brooklyn 546 Gates Ave, Brooklyn 331 Tompkins Ave, Brooklyn 339 Tompkins Ave, Brooklyn 558 Gates Ave, Brooklyn 540 Gates Ave, Brooklyn 538 Gates Ave, Brooklyn 333 Tompkins Ave, Brooklyn 552 Gates Ave, Brooklyn 554 Gates Ave, Brooklyn 560 Gates Ave, Brooklyn 536 Gates Ave, Brooklyn 556 Gates Ave, Brooklyn 574 Gates Ave, Brooklyn 576 Gates Ave, Brooklyn

Nearby ZIP codes for 550 Gates Avenue, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, 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 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 550 Gates Avenue, Brooklyn, NY 11221?

The development at 550 Gates Avenue, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 550 Gates Avenue, Brooklyn, NY 11221?

550 Gates Avenue, Brooklyn, NY 11221 has a total of 8,000 square feet.

What is the assessed value of 550 Gates Avenue, Brooklyn, NY 11221?

550 Gates Avenue, Brooklyn, NY 11221 is currently assessed at $982,800.

What are the property taxes for 550 Gates Avenue, Brooklyn, NY 11221?

The property taxes for 550 Gates Avenue, Brooklyn, NY 11221 total $10,146.

How many residential units does this building have?

This building has 8 residential unit(s).

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