425 Gates Avenue, Brooklyn
Apartment building · 17 units · built c. 1931 · Block 1808, Lot 85.
Building permits
- Alteration, filed Mar 18, 2024, estimated cost $10K, described as “Installation of 27 ft steel girder and four lally columns and footings at the cellar under deteriorating floor beams under apartment 1A.”
Property taxes
- Assessment
- $302,850
- 2026–27 tax
- $12,371
- Market value (city estimate)
- $673,000
- Taxable value
- $99,450
- Assessed land
- $18,000
- Assessed improvements
- $284,850
Tax breaks
- J-51 exemption, through Jun 30, 2032, about $25,301 a year below the full tax.
Zoning
R6A: floor area ratio 2.80 built, 3.00 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.