242 Gates Avenue

242 Gates Avenue in Brooklyn, NY was first built in 1899 and is 125 years old. There are a total of 3 floors. The linear feet across the front of the lot is 17 ft and the linear feet between the front and back of the lot is 115.

Learn more about the property and building on this page. The total value of the property was assessed at $110,580. Specifically, the land the property is located on was valued at $13,320. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!