Kings » 11201 » Schermerhorn St » 40 Schermerhorn St

40 Schermerhorn Street, Brooklyn, NY 11201 - Property report

Also known as: 40 Schermerhorn St

Property image for 40 Schermerhorn Street, Brooklyn, NY 11201

Property type

Three Families (C0)

Year built

1910

Lot sq. ft.

1,530

Sale price

$3,100,000

General information

Address

Primary address

40 Schermerhorn Street

ZIP code

11201

Neighborhood

Downtown Brooklyn

Borough

Brooklyn

Block & lot

00270-0046

Building

Property type

Three Families (C0)

Building sq. ft.

3,800

Building dimensions

19 ft x 40 ft

Buildings on lot

Stories

Year built

1910

Last altered

2023

Building material

Stone

Exterior wall

None

Basement

Sales

Sale date

05/11/2021

Sale price

$3,100,000

Tax

Tax year

2026-2027

Property tax

$31,803

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

Schermerhorn Street (wide)

Distance to wide street

Lot dimensions

19 ft x 80.42 ft

Lot sq. ft.

1,530

Area overview

Walk score

100 /100. Walker's Paradise

Transit score

100 /100. Rider's Paradise

Bike score

93 /100. Biker's Paradise

School district

Community district

Closest police station

0.56 Miles

Closest fire station

0.28 Miles

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

Ownership

Ownership information for 40 Schermerhorn Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 40 Schermerhorn Street, Brooklyn, NY 11201

Sale date	Sale price	Buyer name	Seller name
05/11/2021	$3,100,000	XXXX, XXX XXXX XXX XX, XX XXXXX	XXXXXX XX XXXXXX X XXXXX XXX XXXXXX XXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/27/2023 - R 08/29/2023 - D	Zoning Lot Description (2023091100445002)	XXXX XXX XXXX
09/27/2023 - R 08/25/2023 - D	Certificate (2023091100445001)	XXX XXXXX XXXXXXXXXX XX XX
06/28/2021 - R 05/11/2021 - D	Mortgage (2021052800573002)	XX XX XXXXX	XXXXX XXXXXXX XXXX
06/28/2021 - R 05/11/2021 - D	Deed (2021052800573001)	XXXXXX XX XXXXXX X XXXXX	XXXX XXX XXXX
06/13/2016 - R 04/19/2016 - D	Deed (2016051700029001)	XXXXXXXX XXXXXX	XXXXX XXXXXX X
08/27/2003 - R 05/13/2003 - D	Deed (2003071400174001)	XXXXXX XXXXXXXX XXXXXX X XXXXX XXX	XXXXXXXX XXXXXX
11/28/1986 - R	Satisfaction of Mortgage (3870001216787)	XXXXX XXXXXX	XXXXX XXXXX XXXX XXXX
02/14/1986 - R 01/28/1986 - D	Deed (3200001145120)	XXXXX XXXXXX X	XXXXX XXXXXX X
05/24/1966 - R	Mortgage (36630014100133)	XXXXX XXXXXX	XXXXX XXXXXXXX XXXX XXXX
05/24/1966 - R	Deed (36630014100084)	XX XXXXXXXXXXXX XXXXXXXXXX XXX	XXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 40 Schermerhorn Street, 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

$31,803

Municipal exemptions

Recent tax assessments

Market value

$2,895,000

Assessed value

$173,700

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	$2,732,000	$163,920	$159,072	19.843%	$31,565	$31,565	+4.72%
2024/25	$2,612,000	$156,720	$150,068	20.085%	$30,141	$30,141	+6.00%
2023/24	$2,720,000	$163,200	$141,574	20.085%	$28,435	$28,435	+4.83%
2022/23	$2,226,000	$133,560	$133,560	20.309%	$27,125	$27,125	-39.47%
2021/22	$2,226,000	$1,001,700	$366,258	12.235%	$44,812	$44,812	+2.96%
2020/21	$2,396,000	$1,078,200	$354,816	12.267%	$43,525	$43,525	+6.21%
2019/20	$2,149,200	$967,140	$328,556	12.473%	$40,981	$40,981	+6.81%
2018/19	$1,791,000	$805,950	$304,229	12.612%	$38,369	$38,369	+7.07%
2017/18	$1,573,000	$707,850	$281,737	12.719%	$35,834	$35,834	-1.34%
2016/17	$1,258,000	$566,100	$281,737	12.892%	$36,322	$36,322	+3.30%

Permits

Permit information for 40 Schermerhorn Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
06/04/2025	Alteration CO
01/27/2025	Alteration CO
05/07/2024	Alteration CO
07/11/2023	Alteration
07/06/2023	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	11/18/2025	I
	06/10/2025	A
	11/25/2024	I

*Most recent HPD violations on record for this property.

Neighborhood

Brooklyn Heights residential market stats

Access a detailed real estate market overview of Brooklyn Heights so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Brooklyn Heights and compare it to other neighborhoods in Brooklyn.

Median sale price

$925,000

-22.9% Y-o-Y

Median price/sq. ft.

$1,582

-12.5% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Court St & Joralemon St at SW Corner

Station lines

R-2-3-4-5

Distance (miles)

0.122

View subway map

Access the detailed traffic volume map for 40 Schermerhorn Street, 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Zipporiah Mills	6	Yes	Public	PK, K-5	610	0.34
Zipporiah Mills	6	Yes	Public	PK, K-5	610	0.34
A Fantis School	NR	No	Private	PK, K-8	0	0.07
A Fantis School	NR	No	Private	PK, K-8	0	0.07
Packer Collegiate Institute	NR	No	Private	PK-12	1,024	0.11
Packer Collegiate Institute	NR	No	Private	PK-12	1,024	0.11
Brooklyn Heights Montessori School	NR	No	Private	PK-8	260	0.21

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
A Fantis School	NR	No	Private	PK, K-8	0	0.07
Packer Collegiate Institute	NR	No	Private	PK-12	1,024	0.11
Brooklyn Heights Montessori School	NR	No	Private	PK-8	260	0.21
Mary McDowell Friends School	NR	No	Private	6-10	290	0.25
Brooklyn Friends School	NR	No	Private	PK-12	860	0.27
Urban Assembly Institute of Math and Science for Young Women	4	No	Public	6-12	440	0.33
Brooklyn Prospect Charter-Downtown	7	No	Charter	K-8	704	0.37
School For International Studies	5	No	Public	6-12	782	0.42
BRIDGES: A SCHOOL FOR EXPLOR-EQUITY	8	No	Public	6-8	258	0.49
BROOKLYN LABORATORY CHARTER SCHOOL	5	No	Charter	6-12	454	0.51

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Packer Collegiate Institute	NR	No	Private	PK-12	1,024	0.11
Brooklyn Frontiers High School	3	No	Public	9-12	145	0.17
Mary McDowell Friends School	NR	No	Private	6-10	290	0.25
Brooklyn Friends School	NR	No	Private	PK-12	860	0.27
St Ann's School	NR	No	Private	PK-12	1,095	0.30
Urban Assembly Institute of Math and Science for Young Women	4	No	Public	6-12	440	0.33
Urban Assembly School For Law And Justice	4	No	Public	9-12	443	0.33
Fusion	NR	No	Private	6-12	24	0.34
School For International Studies	5	No	Public	6-12	782	0.42
Digital Arts and Cinema Technology High School	8	No	Public	9-12	331	0.42

Neighbors for 40 Schermerhorn Street, Brooklyn, NY

Frequently asked questions

What is the year built for 40 Schermerhorn Street, Brooklyn, NY 11201?

The development at 40 Schermerhorn Street, Brooklyn, NY 11201 was built in 1910.

What is the total square footage of 40 Schermerhorn Street, Brooklyn, NY 11201?

40 Schermerhorn Street, Brooklyn, NY 11201 has a total of 3,800 square feet.

When was 40 Schermerhorn Street, Brooklyn, NY 11201 last sold and what was the sale price?

40 Schermerhorn Street, Brooklyn, NY 11201 was last sold on 05/11/2021 for $3,100,000.

What is the assessed value of 40 Schermerhorn Street, Brooklyn, NY 11201?

40 Schermerhorn Street, Brooklyn, NY 11201 is currently assessed at $173,700.

What are the property taxes for 40 Schermerhorn Street, Brooklyn, NY 11201?

The property taxes for 40 Schermerhorn Street, Brooklyn, NY 11201 total $31,802.

How many residential units does this building have?

This building has 3 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.