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Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239 Property Information

Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239
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Address

Building name Gateway Center
Primary address Gateway Center - 505 Gateway Drive
Neighborhood East New York
Zip code 11239
Borough Brooklyn
Block & lot 04452-0540

Sales & Tax Overview for 505 Gateway Drive, Brooklyn

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Purchase date 03/04/2013
Purchase price $10
Tax class
Estimated property tax $90,348

Lot & Building Information for 505 Gateway Drive, Brooklyn

Lot sqft 8,115
Lot dimensions 80 ft x 80 ft
Building class Stand Alone Food Establishment (K5) i
Building sqft 8,115
Building dimensions 80 ft x 80 ft
Buildings on lot 1
Stories 1
Year built 2001
Construction type
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Zoning & Use for 505 Gateway Drive, Brooklyn

Zoning
Commercial units 1
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 1.47 Miles
Closest fire station 1.24 Miles

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

Other Property Data for 505 Gateway Drive, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239, 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 Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 505 Gateway Drive, Brooklyn

How many square feet does Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239 have?

This Stand Alone Food Establishment (K5) located at Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239 has a total of 8,115 square feet.

What is the year built & the current market value of Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239?

Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239 was built in 2001 and has a current tax assessor's market value of $2,361,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 505 Gateway Drive, Brooklyn

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Property owner name for Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239
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Building contacts for Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 505 Gateway Drive, Brooklyn

Create a free account to view the complete sales history for 505 Gateway Drive, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
03/04/2013 $10
03/08/2005 $27,776,658
       
       
       
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Title Documents for 505 Gateway Drive, 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
10/13/2023 - R UCC3 Assignment
(2023101101034006)
10/13/2023 - R UCC3 Assignment
(2023101101034003)
08/16/2023 - D
10/13/2023 - R
Asgn of Asgn of L&R
(2023101101034005)
08/16/2023 - D
10/13/2023 - R
Assignment, Mortgage
(2023101101034004)
08/16/2023 - D
10/13/2023 - R
Asgn of Asgn of L&R
(2023101101034002)
08/16/2023 - D
10/13/2023 - R
Assignment, Mortgage
(2023101101034001)
06/08/2023 - R UCC3 Termination
(2023060500556012)
06/08/2023 - R Initial UCC1
(2023060500556011)
05/24/2023 - D
07/07/2023 - R
Assignment of Leases and Rents
(2023062000564002)
05/24/2023 - D
07/07/2023 - R
Agreement
(2023062000564001)
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R: Recorded date
D: Document date

Property Taxes for 505 Gateway Drive, Brooklyn

Access detailed property tax data for Gateway Center - Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $72,570
Estimated property tax: $90,348
Tax assessor's market value: $2,361,000
Assessed value: $1,062,450
Exemptions granted by city:

Assessment History for 505 Gateway Drive, Brooklyn

Here's the assessment & property tax history for 505 Gateway Drive, 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 $2,361,000 $1,062,450 $668,970 10.848% $100,512 $72,570 +16.94%
2024/25 $2,119,000 $953,550 $576,630 10.762% $99,018 $62,057 +17.16%
2023/24 $2,162,000 $972,900 $500,060 10.592% $98,438 $52,966 +18.57%
2022/23 $2,147,000 $966,150 $419,620 10.646% $99,517 $44,673 +130.76%
2021/22 $1,506,000 $677,700 $180,000 10.755% $72,887 $19,359 -47.25%

Permits for 505 Gateway Drive, Brooklyn

The complete history of permits filed for 505 Gateway Drive, 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
04/24/2024 Alteration
04/08/2023 Alteration
04/08/2023 Alteration
03/02/2020 Alteration
03/02/2020 Alteration
03/02/2020 Alteration
02/19/2020 Alteration
02/19/2020 Alteration
02/19/2020 Alteration
02/18/2020 Alteration
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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

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

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 2 (See more on map)

Transportation

Distance to Subway
Closest station Ashford St & Livonia Ave at SW Corner
Station lines 3
Distance (miles) 1.261
View subway map
Bus Routes
Name Gateway Dr/Site Dr
Line B13
Distance (miles) 0.102

Neighbors for 505 Gateway Drive, Brooklyn

Here are the neighbors for Gateway Center - Gateway Center - 505 Gateway Drive, Brooklyn, NY 11239.

Address Square feet Purchase date Purchase price
3223 Avenue P, Brooklyn 1,600 02/09/2015
409 Gateway Dr, Brooklyn 23,171 05/24/2023
381 Gateway Dr, Brooklyn 38,327 05/24/2023
764 Elton St, Brooklyn 2,184 10/25/2019 $760,000
455 Gateway Dr, Brooklyn 8,152 05/24/2023
728 Snediker Ave, Brooklyn 5,074 12/30/2005 $105,000
459 Gateway Dr, Brooklyn 37,833 05/24/2023
355 Gateway Dr, Brooklyn 7,460 05/24/2023
1893 W 4th St, Brooklyn 2,891 04/19/1985
395 Gateway Dr, Brooklyn 36,294 05/24/2023
6660 Avenue U, Brooklyn 8,097 03/06/2010
135 Sunnyside Ave, Brooklyn 2,408 11/14/2013 $505,000
177 Ridgewood Ave, Brooklyn 2,048 07/28/1995
369 Gateway Dr, Brooklyn 31,741 05/24/2023
1516 Beverley Rd, Brooklyn 2,533 11/13/2024 $1,600,000
1332 39th St, Brooklyn 3,807 07/28/2022 $2,275,000
351 Gateway Dr, Brooklyn 36,908 05/24/2023
726 Snediker Ave, Brooklyn 5,704 12/30/2005 $105,000
339 Gateway Dr, Brooklyn 129,000 05/24/2023
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