Kings  »  11221  »  Gates Ave  »  554 Gates Ave

554 Gates Avenue, Brooklyn, NY 11221 - Property report

Also known as: 554 Gates Ave

Property image for 554 Gates Avenue, Brooklyn, NY 11221
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Property type

Over Six Families without Stores (C1)

Year built

2007

Lot sq. ft.

2,492

Sale price

$1,637,500

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

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
6,528
Building dimensions
24.92 ft x 52 ft
Buildings on lot
1
Stories
4
Year built
2007
Last altered
2019
Building material
Sales
Sale date
10/04/2018
Sale price
$1,637,500
Tax
Tax year
2026-2027
Property tax
$34,346
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
10
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
24.92 ft x 100 ft
Lot sq. ft.
2,492

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 554 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 554 Gates Avenue, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
10/04/2018 $1,637,500 XXXXXXXXX, XXXXX XXXX, XXXXXX
10/19/2006 $816,200 XXXX, XXXXXX XXXXX XXXXXXXX, XXX
08/31/2005 $260,000 XXXXX XXXXXXXX XXX XXXXXXX , XXXXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
03/25/2022 - R Initial UCC1
(2022020801218001)		 XXXXX XXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXX XXXX
02/28/2022 - R
02/08/2022 - D		 Assignment of Leases and Rents
(2022022301043005)		 XXXXX XXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXX XXXX
02/28/2022 - R
02/08/2022 - D		 Agreement
(2022022301043004)		 XXXXX XXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXX XXXX
02/28/2022 - R
02/08/2022 - D		 Mortgage
(2022022301043003)		 XXXXX XXXXXX XXXXXXXX XXX XXXXXXX XXXXXXXXX XXXX
02/28/2022 - R
02/02/2022 - D		 Assignment, Mortgage
(2022022301043002)		 XXXX XXX XXXXXXX XXXXXXXXX XXXX
02/28/2022 - R
02/02/2022 - D		 Assignment, Mortgage
(2022022301043001)		 XXXX XXX XXXX XXX
03/13/2020 - R
02/18/2020 - D		 Satisfaction of Mortgage
(2020031201279001)		 XXXX XXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
04/02/2019 - R
04/01/2019 - D		 Certificate
(2019040200360001)		 XXXXX XXXXXXXX XXXX
04/02/2019 - R
03/28/2019 - D		 Zoning Lot Description
(2019040200360002)		 XXXXXXXXX XXXXX
09/25/2019 - R
03/20/2019 - D		 Deed
(2019092400494001)		 XXXXXXXXX XXXXX XXXXX XXXXXX XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 554 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
$34,346
Municipal exemptions
Recent tax assessments
Market value
$2,156,000
Assessed value
$970,200

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 $1,797,000 $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%
2020/21 $1,763,000 $105,780 $54,346 21.045% $11,437 $11,437 -0.57%
2019/20 $1,418,000 $85,080 $54,345 21.167% $11,503 $11,503 +6.88%
2018/19 $1,899,000 $113,940 $51,450 20.919% $10,763 $10,763 +8.78%
2017/18 $1,450,000 $87,000 $48,538 20.385% $9,894 $9,894 +8.09%
2016/17 $1,212,000 $72,720 $45,792 19.991% $9,154 $9,154 +3.37%
Permits

Permit information for 554 Gates Avenue, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/02/2019 C-construction
10/02/2019 C-construction
10/02/2019 C-construction

*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

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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)
0.48
View subway map

Access the detailed traffic volume map for 554 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 554 Gates Avenue, Brooklyn, NY

572 Gates Ave, Brooklyn 580 Gates Ave, Brooklyn 335 Tompkins Ave, Brooklyn 542 Gates Ave, Brooklyn 574 A Gates Ave, Brooklyn 546 Gates Ave, Brooklyn 331 Tompkins Ave, Brooklyn 580 A Gates Ave, Brooklyn 558 Gates Ave, Brooklyn 584 Gates Ave, Brooklyn 540 Gates Ave, Brooklyn 538 Gates Ave, Brooklyn 333 Tompkins Ave, Brooklyn 560 Gates Ave, Brooklyn 552 Gates Ave, Brooklyn 536 Gates Ave, Brooklyn 556 Gates Ave, Brooklyn 574 Gates Ave, Brooklyn 576 Gates Ave, Brooklyn 550 Gates Ave, Brooklyn

Nearby ZIP codes for 554 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 554 Gates Avenue, Brooklyn, NY 11221?

The development at 554 Gates Avenue, Brooklyn, NY 11221 was built in 2007.

What is the total square footage of 554 Gates Avenue, Brooklyn, NY 11221?

554 Gates Avenue, Brooklyn, NY 11221 has a total of 6,528 square feet.

When was 554 Gates Avenue, Brooklyn, NY 11221 last sold and what was the sale price?

554 Gates Avenue, Brooklyn, NY 11221 was last sold on 10/04/2018 for $1,637,500.

What is the assessed value of 554 Gates Avenue, Brooklyn, NY 11221?

554 Gates Avenue, Brooklyn, NY 11221 is currently assessed at $970,200.

What are the property taxes for 554 Gates Avenue, Brooklyn, NY 11221?

The property taxes for 554 Gates Avenue, Brooklyn, NY 11221 total $34,346.

How many residential units does this building have?

This building has 10 residential unit(s).

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