242 Gates Ave, Brooklyn, NY 11238 Property Records

New York City property record for 242 Gates Ave, Brooklyn, NY 11238

Property Summary

Property TypeDuplex
Details2,912 sqft · built 1899
Lot Size0.044 acres (1,917 sqft)
Owner2 Individual Names on File
Last Sale$3,250,000 (Jan 2024)
Tax Bill$4,403 (2025)
Deeds & MortgagesJan 2024 Sale & Mortgage
Feb 2021 Mortgage
APN01985-0029

Property Details

APN / Parcel Number

Primary APN01985-0029
Alternative APNs
  • 0703019850029
  • 3-01985-0029

Interior

Units2 Units
Stories3 Stories
Building Area2,912 sqft Living Area
1st Floor Area667 sqft

Exterior

Year BuiltBuilt 1899
Effective Year BuiltEffective 1899
Architectural StyleDuplex Single
Lot Area1,917 sqft (0.044 acres)
Lot Dimensions115 ft deep x 16.7 ft wide

Location & Zoning

Account Number3-01985-0029
Street Address242 GATES AVE
CityBROOKLYN
StateNY
Zip11238-2019
Property CategoryResidential
Property TypeResidential > Multi-Unit > Duplex
Local Zoning CodeR6B
Legal Block1985
Legal Lot Number29
JurisdictionKINGS (BROOKLYN) NY
Township / Civil DivisionBROOKLYN
Census Block Group4
Census Block4000
Census Tract22900

Owner

242 Gates Ave, a duplex, is owned by two individuals who bought it in January 2024.

Source: New York City records, as of May 4, 2026

Owner of Record2 Individual Names on File
Mailing Address2422 E 27TH ST, BROOKLYN, NY 11235-2004
Owner TypeIndividual
VestingIndividual(s)

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Jan 11, 2024Deed, Transfer
MORGAN STANLEY PRIVATE BANK, NATION
Feb 2, 2021Deed of Trust, Mortgage
CITIBANK, NA

Assessor's Deed Record

Deed Names2 Names on Deed
Last SaleJan 11, 2024 · Amount on File
Deed SaleJan 11, 2024 · Amount on File
Prior SaleDec 16, 2014 · Amount on File
Deed Document Number20249345
Record UpdatedOct 29, 2026

January 2024: Deed, Transfer

Document TypeDeed
JurisdictionKINGS (BROOKLYN) NY
Recording DateJan 11, 2024
Property Address242 GATES AVE, BROOKLYN, NY 11238-2019
Document Number0000009345
Instrument DateDec 27, 2023
Instrument2024000009345
Transaction TypeTransfer
Record UpdatedJan 24, 2024

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name
Address242 GATES AVE, BROOKLYN, NY 11238-2019

Transferred To (Grantee/Buyer)

NameVerified Name
Address2422 E 27TH ST, BROOKLYN, NY 11235-2004

Mortgage

Document Number0000009346
DateJan 11, 2024
Instrument2024000009346
Lender
NameMORGAN STANLEY PRIVATE BANK, NATION
Agreement
AmountAmount on Record

February 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionKINGS (BROOKLYN) NY
Property Address242 GATES AVE, BROOKLYN, NY 11238-2019
Transaction TypeMortgage
Record UpdatedOct 27, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000038990
DateFeb 2, 2021
Instrument2021000038990
Lender
NameCITIBANK, NA
Address1000 TECHNOLOGY DR, O FALLON, MO 63368
Agreement
AmountAmount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 242 Gates Ave was $4,403.

Source: New York City assessment roll, as of May 4, 2026

Property Jurisdictions

TypeName
StateNew York
CountyKings County
MunicipalityNew York City
Unified School DistrictNew York City Department Of Education (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$170,940 Land $13,320 Building $157,620$2,849,000 Land $222,000 Building $2,627,000
2025$4,403.00
2023$4,360.00$145,320 Land $13,320 Building $132,000$2,422,000 Land $222,000 Building $2,200,000

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA has no flood map on file for 242 Gates Ave.

Source: FEMA National Flood Hazard Layer

FEMA Flood ZoneNot on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 242 Gates Ave has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemNEW YORK CITY SYSTEM
serves 8,271,000 people · EPA ID NY7003493
Water SourceSurface water
Last State InspectionDec 2025
Lead10 ppb (2024)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureUncovered finished water reservoir
currently in violation since Feb 2017
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 1,848 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Verizon
Fiber · Fixed Wireless in parts of the area
2,300 / 2,300
Spectrum
Cable · Fiber in parts of the area
1,000 / 1,000
T-Mobile
Fixed Wireless
100 / 20

May also be available: Optimum, Starry.

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