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240 Gates Avenue, Brooklyn, NY 11238 Property Information

240 Gates Avenue, Brooklyn, NY 11238 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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240 Gates Avenue, Brooklyn, NY 11238 1
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Address

Primary address 240 Gates Avenue
Neighborhood Bedford-Stuyvesant
Zip code 11238
Borough Brooklyn
Block & lot 01985-0028

Sales & Tax Overview for 240 Gates Avenue, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Tax class
Estimated property tax $7,834

Lot & Building Information for 240 Gates Avenue, Brooklyn

Lot sqft 1,917
Lot dimensions 16.67 ft x 115 ft
Building class Over Six Families without Stores (C1)
Building sqft 2,016
Building dimensions 16.67 ft x 40 ft
Buildings on lot 1
Stories 3
Year built 1931
Construction type
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Zoning & Use for 240 Gates Avenue, Brooklyn

Zoning
Residential units (DOF) 7
Regulated units
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 13
Community district 3
Closest police station 0.35 Miles
Closest fire station 0.33 Miles

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

Other Property Data for 240 Gates Avenue, Brooklyn

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Floor area ratio (FAR) for 240 Gates Avenue, Brooklyn, NY 11238, 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 240 Gates Avenue, Brooklyn, NY 11238, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 240 Gates Avenue, Brooklyn

What is the year built & the total sq. ft. for 240 Gates Avenue, Brooklyn, NY 11238?

240 Gates Avenue, Brooklyn, NY 11238 was built in 1931 and has a total of 2,016 square feet.

What is the assessed value of 240 Gates Avenue, Brooklyn, NY 11238 and the property tax paid?

Assessed at $206,550, the tax amount paid for 240 Gates Avenue, Brooklyn, NY 11238 is $7,253. For the next year, the tax amount for 240 Gates Avenue, Brooklyn, NY 11238 is estimated at $7,834.

When was 240 Gates Avenue, Brooklyn, NY 11238 last sold?

240 Gates Avenue, Brooklyn, NY 11238 was last sold in 04/30/2012.

How many residential units does this building have?

This building has 7 residential unit(s).

Ownership Information for 240 Gates Avenue, Brooklyn

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Property owner name for 240 Gates Avenue, Brooklyn, NY 11238
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Building contacts for 240 Gates Avenue, Brooklyn, NY 11238
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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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 240 Gates Avenue, Brooklyn

Create a free account to view the complete sales history for 240 Gates Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 240 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
05/29/2024 - R Initial UCC1
(2024051500424005)
05/08/2024 - D
05/29/2024 - R
Assignment of Leases and Rents
(2024051500424004)
05/08/2024 - D
05/29/2024 - R
Agreement
(2024051500424003)
05/08/2024 - D
05/29/2024 - R
Mortgage
(2024051500424002)
05/07/2024 - D
05/29/2024 - R
Assignment, Mortgage
(2024051500424001)
06/05/2013 - R UCC3 Termination
(2013051600770002)
05/09/2013 - R Initial UCC1
(2013042900124005)
04/11/2013 - D
05/09/2013 - R
Agreement
(2013042900124004)
04/11/2013 - D
05/09/2013 - R
Assignment, Mortgage
(2013042900124003)
04/11/2013 - D
05/09/2013 - R
Partial Release of Mortgage
(2013042900124002)
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R: Recorded date
D: Document date

Property Taxes for 240 Gates Avenue, Brooklyn

Access detailed property tax data for 240 Gates Avenue, Brooklyn, NY 11238. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,254
Estimated property tax: $7,834
Tax assessor's market value: $459,000
Assessed value: $206,550

Assessment History for 240 Gates Avenue, Brooklyn

Here's the assessment & property tax history for 240 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 $459,000 $206,550 $58,315 12.439% $7,254 $7,254 +7.47%
2024/25 $382,800 $172,260 $53,996 12.5% $6,750 $6,750 -0.02%
2023/24 $319,000 $143,550 $53,996 12.502% $6,751 $6,751 +5.18%
2022/23 $266,000 $119,700 $52,321 12.267% $6,418 $6,418 +8.29%
2021/22 $213,000 $95,850 $48,446 12.235% $5,927 $5,927 +7.71%

Permits for 240 Gates Avenue, Brooklyn

The complete history of permits filed for 240 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.

No recorded permits for this property.

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 Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Classon Ave & Lafayette Ave at SE Corner
Station lines G
Distance (miles) 0.279
View subway map
Bus Routes
Name Gates Av/Franklin Av
Line B52
Distance (miles) 0.039

Neighbors for 240 Gates Avenue, Brooklyn

Here are the neighbors for 240 Gates Avenue, Brooklyn, NY 11238.

Address Square feet Purchase date Purchase price
250 Gates Ave, Brooklyn 4,687 12/11/2014
256 Gates Ave, Brooklyn 14,600 01/31/2011
260 Gates Ave, Brooklyn 13,320 01/31/2011
461 Classon Ave, Brooklyn 3,600 02/08/2024
463 Classon Ave, Brooklyn 3,600 12/01/1992
248 Gates Ave, Brooklyn 4,281 11/12/2009 $967,000
455 Classon Ave, Brooklyn 3,600 06/02/2003
242 Gates Ave, Brooklyn 2,912 12/27/2023 $3,250,000
244 Gates Ave, Brooklyn 3,748 10/23/2017
402 Franklin Ave, Brooklyn 2,876 11/21/2018 $1,820,000
236 Gates Ave, Brooklyn 4,000 02/11/1999
246 Gates Ave, Brooklyn 5,140 04/03/2026 $3,600,000
404 Franklin Ave, Brooklyn 2,640 03/29/2022
457 Classon Ave, Brooklyn 2,700 04/05/2001
459 Classon Ave, Brooklyn 3,600 01/12/2022 $1
1 Monroe St, Brooklyn 3,120 04/15/2014
254 Gates Ave, Brooklyn 4,996 01/07/2013 $2,200,000
218 Gates Ave, Brooklyn 43,520 06/08/2017 $9,976,509
453 Classon Ave, Brooklyn 4,774 06/18/2003 $731,404
480 Classon Ave, Brooklyn 3,264 10/22/2010
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