The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$485,000
566 Gates Ave Apt 1B
Brooklyn, NY, 11221
View more Brooklyn, NY property pages2Beds
1Baths
3,820Sqft
$127$/sqft
Market Insights
Below nearby median-86%
$127/sqft vs a nearby median of $881/sqft.
Nearby median$881/sqft
Nearby properties12
Property size3,820 sqft
- -86% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 3,820 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.41M$3.11M – $3.72M · 50% confidence
vs ask $485k−$2.93M (−603.9%)
Asking price is about 603.9% below the fair value — likely to draw competing offers if it's still on market.
$881/sqft median across 8 tight comps × 3,820 sqft= $3.36M
- Modern construction+$50k +1.5%
- Transit access+$17k +0.5%
- Visible condition issues−$17k −0.5%
Cumulative NYC adjustments+$50k+1.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 6 days
- Last price change
- No change recorded
- Listed
- May 6, 2026
- Photos
- 18 photos
- Property type
- coop
- Status
- for sale
Photos
Building Facts
- Year built
- 2007
- Stories
- 5
- Total units
- 34
- Residential units
- 34
- Building area
- 38,202 sqft
- Lot size
- 13,750 sqft
- Land use
- Multi-family elevator buildings
- Building class
- D1
From NYC public records where available.
Price History
May 6, 2026Initial record
$485,000for sale
Public Records
DOB violations4 open
19 total recorded against the building
HPD violations0 open
9 total recorded
ACRIS documents78
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)37,253
Top: noise - residential
Top complaint types in ZIP 11221
- Noise - Residential4,579
- HEAT/HOT WATER3,642
- Illegal Parking3,293
- UNSANITARY CONDITION1,850
- Noise - Street/Sidewalk1,744
Recent DOB
- Nov 14, 2025V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Nov 14, 2025V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Sep 23, 2024V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Sep 23, 2024V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Jun 13, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Apr 17, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Jan 11, 2022Class B · § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 5B, 5th STORY, 1st APARTMENT FROM WEST AT NORTH
- Jan 11, 2022Class B · § 27-2026 ADM CODE REMOVE ALL OBSTRUCTIONS AND REPAIR ALL DEFECTS IN WASTE LINE AT BATHTUB CLOGGED IN THE BATHROOM LOCATED AT APT 5B, 5th STORY, 1st APARTMENT FROM WEST AT NORTH
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.