Kings  »  11221  »  Gates Ave  »  556 Gates Ave

556 Gates Avenue, Brooklyn, NY 11221 - Property report

Also known as: 556 Gates Ave

Property image for 556 Gates Avenue, Brooklyn, NY 11221
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Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

2,492

Sale price

$800,000

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
556 Gates Avenue
ZIP code
11221
Neighborhood
Bedford-Stuyvesant
Borough
Brooklyn
Block & lot
01815-0023

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
8,500
Building dimensions
24.92 ft x 85 ft
Buildings on lot
1
Stories
4
Year built
1931
Last altered
2014
Building material
Sales
Sale date
12/04/2013
Sale price
$800,000
Tax
Tax year
2026-2027
Property tax
$31,708
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
24.92 ft x 100 ft
Lot sq. ft.
2,492

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
81 /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 556 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 556 Gates Avenue, Brooklyn, NY 11221

Sale date Sale price Buyer name Seller name
12/04/2013 $800,000 XXX XXXXX XXXXXX XXX XXXXXXX, XXXXXXXXX XXX XXXXXX, XXXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/02/2025 - R UCC3 Termination
(2025050100568001)		 XXX XXXXX XXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
05/02/2025 - R
04/30/2025 - D		 Agreement
(2025050100568003)		 XXXXXXXX XXXXX XXXX X X XXX XXXXX XXXXXX XXX
05/02/2025 - R
04/30/2025 - D		 Assignment, Mortgage
(2025050100568002)		 X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXXXXXXX XXXXX XXXX X X
12/11/2024 - R UCC3 Continuation
(2024120600899001)		 XXX XXXXX XXXXXX XXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX XXX XXX
01/06/2021 - R
08/27/2020 - D		 Discharge of Tax Lien
(2020123100953001)		 XXXX XX XXX XXXX XXXXXX
08/10/2020 - R UCC3 Assignment
(2020081000322001)		 XXX XXXXX XXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
08/18/2020 - R
06/26/2020 - D		 Assignment, Mortgage
(2020081000296001)		 XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX X X XXXX XXXXXXXX XXXXXXXXXXX XX XXXXXXX
05/14/2020 - R Initial UCC1
(2020051300558001)		 XXX XXXXX XXXXXX XXX XXXXXXXXX XXXXXXXXX XXXXXXX XXX
04/08/2020 - R
04/01/2020 - D		 Assignment, Mortgage
(2020040600058008)		 XXXXXXXXX XXXXXXXXX XXXXXXX XXX XXXXXXX XXXX XXXX XXXXXXXX XXXXXXXXXXX
04/01/2020 - R UCC3 Termination
(2020040100168001)		 XXX XXXXX XXXXXX XXX XXXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 556 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
$31,708
Municipal exemptions
Recent tax assessments
Market value
$2,403,000
Assessed value
$1,081,350

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 $2,004,000 $901,800 $236,028 12.439% $29,360 $29,360 +7.47%
2024/25 $1,670,400 $751,680 $218,544 12.5% $27,318 $27,318 +7.98%
2023/24 $1,392,000 $626,400 $202,356 12.502% $25,299 $25,299 +1.92%
2022/23 $1,160,000 $522,000 $202,356 12.267% $24,823 $24,823 +1.88%
2021/22 $928,000 $417,600 $199,145 12.235% $24,365 $24,365 +4.71%
2020/21 $901,000 $405,450 $189,694 12.267% $23,270 $23,270 +3.79%
2019/20 $840,000 $378,000 $179,751 12.473% $22,420 $22,420 +76.67%
2018/19 $363,000 $163,350 $100,620 12.612% $12,690 $12,690 -0.84%
2017/18 $322,000 $144,900 $100,620 12.719% $12,798 $12,798 +1.14%
2016/17 $257,990 $116,096 $98,150 12.892% $12,653 $12,653 +8.08%
Permits

Permit information for 556 Gates Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/16/2016 Alteration type 2
05/22/2015 Alteration type 1
12/02/2014 Alteration type 2
04/01/2014 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
03/03/2015 Lblvio-low pressure boiler
03/01/2013 Lblvio-low pressure boiler
12/13/2011 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

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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)
0.484
View subway map

Access the detailed traffic volume map for 556 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 556 Gates Avenue, Brooklyn, NY

572 Gates Ave, Brooklyn 580 Gates 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 492 Throop Ave, Brooklyn 540 Gates Ave, Brooklyn 538 Gates Ave, Brooklyn 333 Tompkins Ave, Brooklyn 560 Gates Ave, Brooklyn 554 Gates Ave, Brooklyn 552 Gates Ave, Brooklyn 536 Gates Ave, Brooklyn 574 Gates Ave, Brooklyn 576 Gates Ave, Brooklyn 550 Gates Ave, Brooklyn

Nearby ZIP codes for 556 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 556 Gates Avenue, Brooklyn, NY 11221?

The development at 556 Gates Avenue, Brooklyn, NY 11221 was built in 1931.

What is the total square footage of 556 Gates Avenue, Brooklyn, NY 11221?

556 Gates Avenue, Brooklyn, NY 11221 has a total of 8,500 square feet.

When was 556 Gates Avenue, Brooklyn, NY 11221 last sold and what was the sale price?

556 Gates Avenue, Brooklyn, NY 11221 was last sold on 12/04/2013 for $800,000.

What is the assessed value of 556 Gates Avenue, Brooklyn, NY 11221?

556 Gates Avenue, Brooklyn, NY 11221 is currently assessed at $1,081,350.

What are the property taxes for 556 Gates Avenue, Brooklyn, NY 11221?

The property taxes for 556 Gates Avenue, Brooklyn, NY 11221 total $31,708.

How many residential units does this building have?

This building has 8 residential unit(s).

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