New York City » 11238 » Gates Ave » 242 Gates Ave

242 Gates Avenue, Brooklyn, NY 11238 - Property report

Also known as: 242 Gates Ave

Property image for 242 Gates Avenue, Brooklyn, NY 11238

Property type

Two Family Converted from One Family (B3)

Year built

1899

Lot sq. ft.

1,917

Sale price

$3,250,000

General information

Address

Primary address

242 Gates Avenue

ZIP code

11238

Neighborhood

Bedford-Stuyvesant

Borough

Brooklyn

Block & lot

01985-0029

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

2,912

Building dimensions

16.67 ft x 40 ft

Buildings on lot

Stories

Year built

1899

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Sales

Sale date

12/27/2023

Sale price

$3,250,000

Tax

Tax year

2026-2027

Property tax

$4,607

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Residential units

Residential sq. ft.

Lot

Frontage(s)

Gates Avenue (narrow)

Nearest wide street

Lexington Avenue

Distance to wide street

Lot dimensions

16.67 ft x 115 ft

Lot sq. ft.

1,917

Area overview

Walk score

93 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

85 /100. Very Bikeable

School district

Community district

Closest police station

0.35 Miles

Closest fire station

0.33 Miles

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

Ownership

Ownership information for 242 Gates Avenue, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 242 Gates Avenue, Brooklyn, NY 11238

Sale date	Sale price	Buyer name	Seller name
12/27/2023	$3,250,000	XXXXXX, XXXXXX XXX XXXXXX, XXXXX XXX XXXXXX, XXXX	XXX XXXXX XXX
11/26/2014	$2,970,000	XXX XXXXX XXX	XXXXXXX, XXX XXXXX XXXXXX
04/19/2007	$749,000	XXXXXXX, XXX XXXXX XXXXXX	XXXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
01/26/2024 - R 01/22/2024 - D	Satisfaction of Mortgage (2024012400626001)	XXX XXXXX XXX	XXXXXXXX
01/11/2024 - R 12/27/2023 - D	Mortgage (2024010900290002)	XXXXXX XXXXXX	XXXXXX XXXXXXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/11/2024 - R 12/27/2023 - D	Deed (2024010900290001)	XXX XXXXX XXX	XXXXXX XXXXXX
02/02/2021 - R 10/13/2020 - D	Agreement (2020120801249003)	XXX XXXXX XXX	XXXXXXXX XX
02/02/2021 - R 10/13/2020 - D	Mortgage (2020120801249002)	XXX XXXXX XXX	XXXXXXXX XX
02/02/2021 - R 05/04/2020 - D	Assignment, Mortgage (2020120801249001)	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX	XXXXXXXX XX
03/18/2015 - R 02/27/2015 - D	Mortgage (2015031100041001)	XXX XXXXX XXX	XXXX
12/23/2014 - R 12/12/2014 - D	Satisfaction of Mortgage (2014121500246001)	XXXXXXXXXXXXX XXX X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
12/26/2014 - R 12/10/2014 - D	Satisfaction of Mortgage (2014121500031001)	XXXXXXX XXX XXXXX X	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
12/16/2014 - R 11/26/2014 - D	Deed (2014120500950001)	XXXXXXX XXX XXXXX XXXXXX	XXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 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

$4,607

Municipal exemptions

Recent tax assessments

Market value

$2,849,000

Assessed value

$170,940

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	$2,291,000	$137,460	$21,924	19.843%	$4,350	$4,350	-1.20%
2024/25	$2,229,000	$133,740	$21,924	20.085%	$4,403	$4,403	+0.98%
2023/24	$2,422,000	$145,320	$21,712	20.085%	$4,361	$4,361	+4.79%
2022/23	$1,982,000	$118,920	$20,491	20.309%	$4,162	$4,162	+7.76%
2021/22	$1,843,000	$110,580	$19,348	19.963%	$3,862	$3,862	+0.44%
2020/21	$1,865,000	$111,900	$18,270	21.045%	$3,845	$3,845	-0.58%
2019/20	$1,755,000	$105,300	$18,270	21.167%	$3,867	$3,867	+2.18%
2018/19	$1,684,000	$101,040	$18,093	20.919%	$3,785	$3,785	+8.73%
2017/18	$1,577,000	$94,620	$17,076	20.385%	$3,481	$3,481	+8.00%
2016/17	$1,168,000	$70,080	$16,123	19.991%	$3,223	$3,223	+8.26%

Permits

Permit information for 242 Gates Avenue, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
04/15/2021	Alteration
04/06/2021	Alteration
04/06/2021	Alteration
08/10/2018	Alteration
03/21/2008	Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Clinton Hill residential market stats

Access a detailed real estate market overview of Clinton Hill so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Clinton Hill and compare it to other neighborhoods in Brooklyn.

Median sale price

$929,000

0.4% Y-o-Y

Median price/sq. ft.

$1,152

-1.5% Y-o-Y

Brooklyn median sale price

$899,000

6% 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Classon Ave & Lafayette Ave at SE Corner

Station lines

Distance (miles)

0.28

View subway map

Access the detailed traffic volume map for 242 Gates Avenue, Brooklyn, NY 11238 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 56 Lewis H Latimer	5	Yes	Public	PK, K-5	262	0.17
P.S. 56 Lewis H Latimer	5	Yes	Public	PK, K-5	262	0.17
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.19
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.19
Clara Muhammad School Of Masjid Khalifah	NR	No	Private	PK-8	79	0.19
Clara Muhammad School Of Masjid Khalifah	NR	No	Private	PK-8	79	0.19
P.S. 3 The Bedford Village	4	No	Public	PK, K-5	224	0.22
P.S. 3 The Bedford Village	4	No	Public	PK, K-5	224	0.22
Nelrak Child Development Center	NR	No	Private	PK, K-3	50	0.24

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Urban Assembly Unison School (The)	3	No	Public	6-8	173	0.17
The Brooklyn Waldorf School	NR	No	Private	PK, K-8	160	0.19
Clara Muhammad School Of Masjid Khalifah	NR	No	Private	PK-8	79	0.19
Bethel Elementary School	NR	No	Private	PK-8	34	0.31
Talmud Torah Dnitra	NR	No	Private	PK, K-12	500	0.33
Community Partnership Charter School	7	No	Charter	PK, K-8	371	0.38
Dr CR Johnson Christian Academy	NR	No	Private	PK, K-4, 6-8	0	0.47
Achievement First Endeavor Charter School	6	No	Charter	K-8	738	0.48
Brooklyn East Collegiate Charter School	7	No	Charter	8	66	0.53
Explore Exceed Charter School	6	No	Charter	K-8	429	0.58

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bedford Academy High School	9	No	Public	9-12	381	0.19
Talmud Torah Dnitra	NR	No	Private	PK, K-12	500	0.33
Brooklyn Community High School Communication Arts An	NR	No	Public	9-12	515	0.46
Brooklyn High School For Leadership And Community	1	No	Public	9-12	139	0.46
Walk In Cove Christian Academy	NR	No	Private	1-12	0	0.48
Ohel Elozer	NR	No	Private	9-12	0	0.50
Bedford Stuyvesant Prepretory High School	NR	No	Public	10-12	102	0.50
Gotham Professional Arts Academy	NR	No	Public	9-12	179	0.51
GOTHAM PROFESSIONAL ARTS ACADEMY	NR	No	Public	9-12	217	0.51
Acorn Community High School	NR	No	Public	9-12	107	0.51

Frequently asked questions

What is the year built for 242 Gates Avenue, Brooklyn, NY 11238?

The development at 242 Gates Avenue, Brooklyn, NY 11238 was built in 1899.

What is the total square footage of 242 Gates Avenue, Brooklyn, NY 11238?

242 Gates Avenue, Brooklyn, NY 11238 has a total of 2,912 square feet.

When was 242 Gates Avenue, Brooklyn, NY 11238 last sold and what was the sale price?

242 Gates Avenue, Brooklyn, NY 11238 was last sold on 12/27/2023 for $3,250,000.

What is the assessed value of 242 Gates Avenue, Brooklyn, NY 11238?

242 Gates Avenue, Brooklyn, NY 11238 is currently assessed at $170,940.

What are the property taxes for 242 Gates Avenue, Brooklyn, NY 11238?

The property taxes for 242 Gates Avenue, Brooklyn, NY 11238 total $4,607.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.