NOT LISTED FOR SALE

537 Gates Ave Unit 1 Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $749,000 - $1,115,000

2 Beds
2 Baths
806 Sq Ft
$245/mo HOA Fee

Last Sold January 26, 2015

Last sale price $485,000 $602 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,020/month

98 Days on Market

About This Home

As of January 2015

An oasis in Brooklyn. A 2BR condo, in Bedford Stuyvesant, with a lovely garden.

Cozy is the best way to describe this modern apartment, however, don't be misled, this is a spacious condo. There is a living and dining room, a granite and stainless steel kitchen, with recessed lighting, and 1.5 bathrooms. It comes with a large storage room, W/D and is pet friendly.

Now back to that garden. Although Fall is steadily approaching, there is still time left to enjoy this tranquil space with your friends. An outdoor fire pit comes with the garden, to warm you up, while drinking a glass of wine. The sweetest supplement to the yard is the vine that is producing an abundance of cherry tomatoes, which may inspire you to develop a green thumb.

As for the neighborhood, Bed Stuy is a culturally rich section of Brooklyn that feels like home. More and more businesses are opening here, including restaurants, cocktail lounges, juice bars and boutiques. The C and G trains are in close proximity, while the B52 can get you downtown in 15 minutes. This is a definite must see.

Last Agent to Sell the Property

Jamella Swift

Keller Williams NYC License #10301201574 Listed on: 09/19/2014

Keller Williams NYC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $972

Year Built

  • Built in 2006

HOA Fees

  • $245 Monthly HOA Fees

Home Design

  • 806 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Block 1809

Community Details

Overview

  • Bedford Stuyvesant Subdivision

Amenities

  • Building Terrace

Property Details

Home Type

Condominium

Est. Annual Taxes

$972

Year Built

Built in 2006

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Cross Street: Marcy Avenue and Tompkins Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 806.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Patio/Porch Features: Building Terrace

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 245.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Year Built: 2006

Tax Info

  • Tax Block: 1809
  • Tax Annual: 972.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2014
Closed on
Jan 26, 2015
Sold by
Mcguire Shaun
Bought by
Dorje Mar Lhamo
Seller's Agent
Jamella Swift
Keller Williams NYC
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$896,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,775
Avg. Annual Appreciation
5.88%
Original Mortgage
$399,800
Outstanding Balance
$305,991
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$590,784

Purchase Details

Closed on
Aug 17, 2009
Sold by
539 Gates Llc
Bought by
Lora Wallace and Mcguire Shaun
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dorje Mar Lhamo $500,000 --
Lora Wallace $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorje Mar Lhamo $399,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2015 01/26/15 Sold $485,000 0.0% $602 / Sq Ft
12/27/2014 12/27/14 Pending -- -- --
09/19/2014 09/19/14 For Sale $485,000 -- $602 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $967 $27,766 $2,279 $25,487
2024 $967 $31,919 $2,279 $29,640
2023 $978 $39,165 $2,279 $36,886
2022 $961 $36,108 $2,279 $33,829
2021 $1,014 $34,315 $2,279 $32,036
2020 $504 $29,957 $2,279 $27,678
2019 $1,007 $26,047 $2,279 $23,768
2018 $982 $18,411 $1,405 $17,006
2017 $982 $18,272 $1,505 $16,767
2016 $963 $17,238 $1,738 $15,500
2015 $438 $16,263 $2,013 $14,250
2014 $438 $15,343 $2,279 $13,064
Source: Public Records

Agents Affiliated with this Home

  • Jamella Swift

    Seller's Agent in 2015

    Jamella Swift

    Keller Williams NYC

    (917) 803-1147

    1 in this area

    5 Total Sales

    Jamella Swift
    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10084359

Real Estate Board of New York (REBNY)

APN: 01809-1001

New York Kings County Brooklyn 11216 Bed-Stuy

537 Gates Ave Unit 1, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes