Shopping center · East New York, Brooklyn
550 Gateway Drive
Brooklyn, NY 11239
550 Gateway Drive is a shopping center in East New York, Brooklyn, built in 2013, with about 87,000 square feet of retail space according to city records.
- Retail space
- 87K SF
- Floors
- n/a
- Year built
- 2013
- Zoning
- C4-2
The 8th largest of the 8 retail buildings we track in East New York. Compare it with 6 neighbors
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Compared with its neighbors
How 550 Gateway Drive compares
Next to the 6 nearest large retail buildings, all within a 6 minute walk, 550 Gateway Drive is the smallest by retail floor area. It went up in 2013; the median neighbor dates from 2006. Its estimated property tax, about $14.55 a square foot of floor area before abatements, is below the neighbors' median of $16.23.
| Building | Retail space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| 550 Gateway Drive | 87K SF | n/a | 2013 | $14.55 |
| 590 Gateway Drive | 90K SF | 1 | 2013 | Exempt |
| 579 Gateway Drive | 143K SF | 1 | 2001 | $16.01 |
| 519 Gateway Drive | 158K SF | 1 | 2001 | $21.76 |
| 410 Gateway Drive | 203K SF | 2 | 2012 | $16.88 |
| 360 Gateway Drive | 124K SF | 1 | 2013 | $16.23 |
| 339 Gateway Drive | 129K SF | 1 | 2001 | $14.35 |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- ZIP code
- 11239
- Building type
- Shopping center (city class K6)
- Total floor area
- 87,072 SF
- Commercial floor area
- 87,072 SF
- Retail
- 87,072 SF
- Year built
- 2013
- Lot area
- 66,738 SF
- Zoning district
- C4-2
- Built FAR
- 1.3
- Max commercial FAR
- 3.4
- Tax lot (BBL)
- 3044520590
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-03; subway stations from the MTA Subway Stations dataset, pulled 2026-10-03. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 3 storefronts at 550 Gateway Drive for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 3
- Vacant that day
- 0
- Share vacant across East New York
- 10.8%
- Share vacant along Gateway Drive
- 2.0%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in East New York? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-03. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists GATEWAY CENTER PROPERTIES PHASE II OWNER, LLC as the owner of record. For tax year 2026/27 the city values 550 Gateway Drive at $26 million and assesses it at $11.7 million. After phase-ins and exemptions its taxable value is $11.7 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.27 million a year before abatements, roughly $14.55 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- GATEWAY CENTER PROPERTIES PHASE II OWNER, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $26,034,000
- Land market value
- $3,404,000
- Assessed value
- $11,715,300
- Taxable value (phased in)
- $11,676,910
- Estimated yearly tax
- About $1.27 million
- Tax per SF of floor area
- About $14.55
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-03; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
NYC energy benchmarking (Local Law 84)
Energy score, grade and emissions
550 Gateway Drive reported an ENERGY STAR score of 69 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 44.8 kBtu per square foot, 19% below the national median of 55.6 for a similar property. Its greenhouse gas emissions were about 422 metric tons of CO2e (4.84 kg per square foot).
- ENERGY STAR score (2024)
- 69 of 100
- Grade this score earns (Local Law 33)
- C (55 to 69)
- Property type (Portfolio Manager)
- Retail Store
- Site energy use intensity
- 44.8 kBtu/SF
- National median for the type
- 55.6 kBtu/SF
- Greenhouse gas emissions
- 422 t CO2e
- Emissions per SF
- 4.84 kg CO2e
- Floor area in the filing
- 87,072 SF
ENERGY STAR score by year
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-03; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.
NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at 550 Gateway Drive in the 12 months to October 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on one floor (floor 1, the mezzanine and the open space-so). The newest build-out, on floor 1, the mezzanine, the open space, the open space-so and the roof, was first permitted in July 2025 (construction, mechanical, plumbing, sprinklers, structural, foundation; filed cost estimate $1.9 million).
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 1
- Newest job first permitted
- July 2025
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1, mezzanine, open space-so
Recent build-outs
New jobs by year
Build-outs across East New YorkWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-03 (permits issued through 2026-10-01). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Before you sign
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Questions about 550 Gateway Drive
How big is 550 Gateway Drive?
550 Gateway Drive has about 87,000 square feet of floor area in total, including 87,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 550 Gateway Drive built?
City records list 2013 as the year built.
What is the ZIP code of 550 Gateway Drive?
550 Gateway Drive is in ZIP code 11239, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 550 Gateway Drive, Brooklyn, NY 11239, in East New York.
What is the zoning at 550 Gateway Drive?
The lot is in the C4-2 zoning district. PLUTO lists a built floor area ratio (FAR) of 1.3 and a maximum commercial FAR of 3.4 for this lot.
What subway station is closest to 550 Gateway Drive?
The closest subway station to 550 Gateway Drive is New Lots Av (the 3 train), about 1.1 miles away in a straight line, roughly 22 minutes on foot. Walking times are straight-line estimates; the street route is longer.
Who owns 550 Gateway Drive?
The NYC Department of Finance's 2026/27 assessment roll lists GATEWAY CENTER PROPERTIES PHASE II OWNER, LLC as the owner of record of 550 Gateway Drive (BBL 3044520590). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
What is the energy grade of 550 Gateway Drive?
550 Gateway Drive reported an ENERGY STAR score of 69 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 69 earns a C. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 44.8 kBtu per square foot, 19% below the national median of 55.6 for a similar property. Its greenhouse gas emissions were about 422 metric tons of CO2e (4.84 kg per square foot).
Is there construction at 550 Gateway Drive?
The Department of Buildings issued no permits for new jobs at 550 Gateway Drive in the 12 months to October 2026; the last one was first permitted in July 2025. In the last two years, interior work was permitted on one floor (floor 1, the mezzanine and the open space-so). The newest build-out, on floor 1, the mezzanine, the open space, the open space-so and the roof, was first permitted in July 2025 (construction, mechanical, plumbing, sprinklers, structural, foundation; filed cost estimate $1.9 million). These are the Department of Buildings' DOB NOW work permits for tax lot 3044520590. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 550 Gateway Drive?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $11.7 million for 550 Gateway Drive. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.27 million a year, roughly $14.55 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3044520590 show the actual bill.
What is the assessed value of 550 Gateway Drive?
For tax year 2026/27, the NYC Department of Finance puts the market value of 550 Gateway Drive at $26 million ($3.4 million of it land) and its assessed value at $11.7 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 1% from 2022/23 ($26.4 million) to 2026/27.
Are there vacant storefronts at 550 Gateway Drive?
Owners registered 3 storefronts at 550 Gateway Drive for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there retail space for lease at 550 Gateway Drive?
No space at 550 Gateway Drive is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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