# 368 Gates Avenue, Brooklyn

Condominium · 4 units · built 2015 · Block 1812, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3018127502/368-gates-avenue

More construction in Bedford-Stuyvesant: https://umarelli.org/nyc/brooklyn/bedford-stuyvesant.md

Every lot on block 1812: https://umarelli.org/nyc/brooklyn/1812.md

## Building permits

- Alteration, filed Mar 2, 2022, estimated cost $6K, described as “New storage room on cellar level. Existing powder room on cellar level including mop sink. Existing slop sink. No change to egress, occupancy or use. No work on floors 001.”

## Property taxes

- Assessment: $907,651
- 2026–27 tax: $58,307
- Market value (city estimate): $2,017,000
- Taxable value: $536,135
- Assessed land: $135,001
- Assessed improvements: $772,650
- Condo units with their own tax lots: 4

## Tax breaks

- Co-op and condo abatement, with no end date, a $8,383 credit this tax year.

## Zoning

R6B: floor area ratio 2.10 built, above the 2.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 28, 2022: $1,290,000, Apt 2
- Sep 1, 2022: $1,395,000, Apt 3
- Aug 3, 2017: $1,120,075
- Aug 2, 2017: $1,094,618
- Jul 27, 2017: $1,322,706
- Jul 21, 2017: $1,313,542

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology