Kings  »  11201  »  Grace CT  »  40 Grace CT

40 Grace Court, Brooklyn, NY 11201 - Property report

Also known as: 40 Grace CT

Property image for 40 Grace Court, Brooklyn, NY 11201
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Property type

Five to Six Families (C2)

Year built

1936

Lot sq. ft.

2,103

General information

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Address
Primary address
40 Grace Court
ZIP code
11201
Neighborhood
Brooklyn Heights
Borough
Brooklyn
Block & lot
00252-0025

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
5,800
Building dimensions
19 ft x 80 ft
Buildings on lot
1
Stories
4
Year built
1936
Building material
Tax
Tax year
2026-2027
Property tax
$48,806
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
5
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
19 ft x 109.67 ft
Lot sq. ft.
2,103

Area overview

Walk score
95 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
77 /100.  Very Bikeable
School district
13
Community district
2
Closest police station
0.69 Miles
Closest fire station
0.05 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 40 Grace Court, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 40 Grace Court, Brooklyn, NY 11201

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/02/2009 - R
05/07/2009 - D		 Satisfaction of Mortgage
(2009060100992002)		 XXXXXXX XXXXX
07/26/2002 - R Assignment, Mortgage
(3340008782934)		 XXXXXXXXXXXX XXXXXXXXX XXXX XXXXXXXXXXXX XXXXXXXXX XXXXXX XXXX
07/26/2002 - R Agreement
(3760008782976)		 XXXXXXX XXX XXXXXXXXXXXX XXXXXXXXX XXXXXX XXXX
03/17/1998 - R Mortgage
(3510005977551)		 XXXXXXX XXXXXXXXX XXXXXXXXXXX XXXXXXXXXXX
03/17/1998 - R Power of Attorney
(3000005977600)		 XXXXXXX XXXXXX XXXXXXX XXXXX
02/11/1998 - R Initial UCC1
(3650005934865)		 XXXXXXX XXXXX XXXXXXXXXXXX XXXXXXXXXXX
03/17/1998 - R
01/22/1998 - D		 Deed
(3350005976935)		 XXXXXXX XXXXXXXXX XXXXXXX XXX
03/17/1998 - R
01/13/1998 - D		 Deed
(3400005976940)		 XXXX XXXXXXXXXXXXX XXXXXXX XXXXXXXXX
09/14/1990 - R
08/13/1990 - D		 Deed
(3310001567931)		 XXXXXXXXX XXXX XXXXXXXXX XXXX
09/14/1990 - R
08/13/1990 - D		 Deed
(3300001567930)		 XXXX XXXXXXX X XXXX XXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40 Grace Court, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$48,806
Municipal exemptions
Recent tax assessments
Market value
$2,418,000
Assessed value
$1,088,100

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $2,015,000 $906,750 $392,362 12.439% $48,806 $48,806 +2.73%
2024/25 $1,678,800 $755,460 $380,062 12.5% $47,508 $47,508 +7.97%
2023/24 $1,399,000 $629,550 $351,952 12.502% $44,001 $44,001 +10.06%
2022/23 $1,617,000 $727,650 $325,911 12.267% $39,980 $39,980 +8.27%
2021/22 $1,902,000 $855,900 $301,817 12.235% $36,927 $36,927 -0.26%
2020/21 $2,049,000 $922,050 $301,817 12.267% $37,024 $37,024 +1.53%
2019/20 $1,941,600 $873,720 $292,355 12.473% $36,465 $36,465 +6.80%
2018/19 $2,427,000 $1,092,150 $270,732 12.612% $34,145 $34,145 +7.08%
2017/18 $2,131,000 $958,950 $250,701 12.719% $31,887 $31,887 +6.53%
2016/17 $1,705,000 $767,250 $232,167 12.892% $29,931 $29,931 +0.07%
Permits

Permit information for 40 Grace Court, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
12/14/2001 Alteration type 2
01/22/1998 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
6

Subway & traffic

Closest station
Clinton St & Montague St at NW Corner
Station lines
R-2-3-4-5
Distance (miles)
0.246
View subway map

Access the detailed traffic volume map for 40 Grace Court, Brooklyn, NY 11201 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 40 Grace Court, Brooklyn, NY

44 Grace CT, Brooklyn 254 Hicks St, Brooklyn 260 Hicks St, Brooklyn 75 Joralemon St, Brooklyn 36 Grace CT, Brooklyn 34 Grace CT, Brooklyn 27 Grace CT, Brooklyn 67 Joralemon St, Brooklyn 31 Grace CT, Brooklyn 49 Grace CT, Brooklyn 71 Joralemon St, Brooklyn 38 Grace CT, Brooklyn 29 Grace CT, Brooklyn 73 Joralemon St, Brooklyn 69 Joralemon St, Brooklyn 19 Grace CT, Brooklyn 25 Grace CT, Brooklyn 45 Grace CT, Brooklyn 42 Grace CT, Brooklyn 65 Joralemon St, Brooklyn

Nearby ZIP codes for 40 Grace Court, Brooklyn, NY

10002, New York City, NY 10003, New York City, NY 10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10007, New York City, NY 10009, New York City, NY 10012, New York City, NY 10013, New York City, NY 10038, New York City, NY 10271, New York City, NY 10278, New York City, NY 10279, New York City, NY 10280, New York City, NY 10282, New York City, NY 11205, New York City, NY 11215, New York City, NY 11217, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 40 Grace Court, Brooklyn, NY 11201?

The development at 40 Grace Court, Brooklyn, NY 11201 was built in 1936.

What is the total square footage of 40 Grace Court, Brooklyn, NY 11201?

40 Grace Court, Brooklyn, NY 11201 has a total of 5,800 square feet.

What is the assessed value of 40 Grace Court, Brooklyn, NY 11201?

40 Grace Court, Brooklyn, NY 11201 is currently assessed at $1,088,100.

What are the property taxes for 40 Grace Court, Brooklyn, NY 11201?

The property taxes for 40 Grace Court, Brooklyn, NY 11201 total $48,805.

How many residential units does this building have?

This building has 5 residential unit(s).

Disclaimer

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