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554 Gates Avenue, Brooklyn, NY 11221 Property Information

554 Gates Avenue, Brooklyn, NY 11221 Property Information

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

Primary address 554 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01815-0022

Sales & Tax Overview for 554 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 10/04/2018
Purchase price $1,637,500
Tax class
Estimated property tax $34,346

Lot & Building Information for 554 Gates Avenue, Brooklyn

Lot sqft 2,492
Lot dimensions 24.92 ft x 100 ft
Building class Over Six Families without Stores (C1) i
Building sqft 6,528
Building dimensions 24.92 ft x 52 ft
Buildings on lot 1
Stories 4
Year built 2007
Year last altered 2019
Construction type
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Zoning & Use for 554 Gates Avenue, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 10
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 0.41 Miles

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

Other Property Data for 554 Gates Avenue, Brooklyn

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Floor area ratio (FAR) for 554 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 554 Gates Avenue, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 554 Gates Avenue, Brooklyn

What is the year built & the total sq. ft. for 554 Gates Avenue, Brooklyn, NY 11221?

554 Gates Avenue, Brooklyn, NY 11221 was built in 2007 and has a total of 6,528 square feet.

What is the assessed value of 554 Gates Avenue, Brooklyn, NY 11221 and the property tax paid?

Assessed at $808,650, the tax amount paid for 554 Gates Avenue, Brooklyn, NY 11221 is $34,346. For the next year, the tax amount for 554 Gates Avenue, Brooklyn, NY 11221 is estimated at $34,346.

When was 554 Gates Avenue, Brooklyn, NY 11221 last sold?

554 Gates Avenue, Brooklyn, NY 11221 was last sold in 03/20/2019.

How many residential units does this building have?

This building has 10 residential unit(s).

Ownership Information for 554 Gates Avenue, Brooklyn

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Property owner name for 554 Gates Avenue, Brooklyn, NY 11221
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Building contacts for 554 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
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
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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 554 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 554 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
10/04/2018 $1,637,500
10/19/2006 $816,200
08/31/2005 $260,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 554 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
03/25/2022 - R Initial UCC1
(2022020801218001)
02/08/2022 - D
02/28/2022 - R
Assignment of Leases and Rents
(2022022301043005)
02/08/2022 - D
02/28/2022 - R
Agreement
(2022022301043004)
02/08/2022 - D
02/28/2022 - R
Mortgage
(2022022301043003)
02/02/2022 - D
02/28/2022 - R
Assignment, Mortgage
(2022022301043002)
02/02/2022 - D
02/28/2022 - R
Assignment, Mortgage
(2022022301043001)
02/18/2020 - D
03/13/2020 - R
Satisfaction of Mortgage
(2020031201279001)
04/01/2019 - D
04/02/2019 - R
Certificate
(2019040200360001)
03/28/2019 - D
04/02/2019 - R
Zoning Lot Description
(2019040200360002)
03/20/2019 - D
09/25/2019 - R
Deed
(2019092400494001)
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R: Recorded date
D: Document date

Property Taxes for 554 Gates Avenue, Brooklyn

Access detailed property tax data for 554 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: $34,346
Estimated property tax: $34,346
Tax assessor's market value: $1,797,000
Assessed value: $808,650

Assessment History for 554 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 554 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 $1,797,000 $808,650 $276,119 12.439% $34,346 $34,346 +2.69%
2024/25 $1,609,000 $724,050 $267,561 12.5% $33,445 $33,445 +7.98%
2023/24 $1,500,000 $675,000 $247,742 12.502% $30,973 $30,973 +10.07%
2022/23 $1,747,000 $786,150 $229,391 12.267% $28,139 $28,139 +8.28%
2021/22 $1,642,500 $739,125 $212,399 12.235% $25,987 $25,987 +127.22%

Permits for 554 Gates Avenue, Brooklyn

The complete history of permits filed for 554 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
11/12/2020 Alteration
11/26/2019 Alteration
11/26/2019 Alteration
10/09/2019 Alteration
08/13/2019 Alteration
08/13/2019 Alteration
05/20/2019 Alteration type 3
05/17/2019 Alteration type 1
02/21/2019 Alteration
01/25/2019 Alteration type 1
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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

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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) 0.48
View subway map
Bus Routes
Name Gates Av/Tompkins Av
Line B52
Distance (miles) 0.041

Neighbors for 554 Gates Avenue, Brooklyn

Here are the neighbors for 554 Gates Avenue, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
572 Gates Ave, Brooklyn 1,600 07/03/2025
580 Gates Ave, Brooklyn 3,483 07/03/2025
335 Tompkins Ave, Brooklyn 03/18/2021 $700,000
542 Gates Ave, Brooklyn 20,000 06/30/2015 $1,931,600
574 A Gates Ave, Brooklyn 1,600 11/17/1989
546 Gates Ave, Brooklyn 13,224 06/30/2015 $1,931,600
331 Tompkins Ave, Brooklyn 7,200 02/28/2013 $1,450,000
580 A Gates Ave, Brooklyn 5,408 07/03/2025
558 Gates Ave, Brooklyn 8,442 02/13/2014 $940,000
584 Gates Ave, Brooklyn 23,253 12/05/2024 $5,700,000
540 Gates Ave, Brooklyn 7,320 06/19/2003 $9
538 Gates Ave, Brooklyn 7,320 04/08/1993
333 Tompkins Ave, Brooklyn 4,508 05/20/2015 $772,500
560 Gates Ave, Brooklyn 1,575 07/12/2002
552 Gates Ave, Brooklyn 8,302 09/21/2018 $3,400,000
536 Gates Ave, Brooklyn 7,500
556 Gates Ave, Brooklyn 8,500 12/04/2013 $800,000
574 Gates Ave, Brooklyn 2,400 04/28/2025 $1,350,000
576 Gates Ave, Brooklyn 6,079 07/03/2025
550 Gates Ave, Brooklyn 8,000 11/21/2003
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