New York City  »  11232  »  4th Ave  »  987 4th Ave

987 4th Avenue, Brooklyn, NY 11232 - Property report

Also known as: 401-413 39th St

Property image for 987 4th Avenue, Brooklyn, NY 11232
static Mapbox map

Property type

Banking Facilities with or without Parking (K7)

Year built

2006

Lot sq. ft.

12,521

Sale price

$6,000,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
987 4th Avenue
Alternate address(es)
401-413 39th St
987-993 4th Ave
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00705-0001

Owner

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Building
Property type
Banking Facilities with or without Parking (K7)
Building sq. ft.
3,870
Building dimensions
50 ft x 80 ft
Buildings on lot
1
Stories
1
Year built
2006
Last altered
2015
Building material
Sales
Sale date
01/08/2015
Sale price
$6,000,000 - M
Tax
Tax year
2026-2027
Property tax
$67,571
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100.17 ft x 125 ft
Lot sq. ft.
12,521

Area overview

Walk score
96 /100.  Walker's Paradise
Transit score
98 /100.  Rider's Paradise
Bike score
70 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.43 Miles
Closest fire station
0.04 Miles

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

Ownership

Ownership information for 987 4th Avenue, Brooklyn, NY

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

Sales history for 987 4th Avenue, Brooklyn, NY 11232

Sale date Sale price Buyer name Seller name
01/08/2015 $6,000,000 XXX XXXXXX (XX) XXX XXX XXX XXXXXX XXXXXX XXX
05/01/2006 $710,588 XX XX XXX XXX XXX XXXXXXXXX XXX X

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/24/2015 - R
01/08/2015 - D		 Assignment of Lease
(2015011600448004)		 XXX XXX XXXXXX XXXXXX XXX XXX XXXXXX (XX) XXX
01/24/2015 - R
01/08/2015 - D		 Assignment of Lease
(2015011600448003)		 XX XX XXX XXX XXX XXXXXX XXXXXX XXX
01/24/2015 - R
01/08/2015 - D		 Deed
(2015011600448002)		 XXX XXX XXXXXX XXXXXX XXX XXX XXXXXX (XX) XXX
01/24/2015 - R
01/08/2015 - D		 Correction Deed
(2015011600448001)		 XXX XXXXXX XXXX XXX XXX XXXXXX XXXXXX XXX
01/22/2015 - R
01/08/2015 - D		 Termination of Lease or Memo
(2015011600123001)		 XXX XXXXXX XXXX XX XX XXX
01/21/2015 - R
01/08/2015 - D		 Satisfaction of Mortgage
(2015011501177001)		 XXXX XXX XXXXX XXXXX XXXX XXXXXXXXX X X
01/21/2015 - R
12/08/2014 - D		 Discharge of Tax Lien
(2015011500799002)		 XXX XXXX XX XXX XXXX XXXXXX
08/18/2010 - R
08/05/2010 - D		 Tax Lien Sale Certificate
(2010081100369001)		 XXX XXXX XX XXX XXXX XXX XXXX XX XXX XXXX XXXXXX
05/14/2009 - R
05/11/2009 - D		 Deed
(2009051200421001)		 XXX XXXXXX XXXX XXX XXX XXXXXX XXXXXX XXX
03/22/2007 - R
02/01/2007 - D		 Subordination of Mortgage
(2007030200688002)		 XXXXXXXX XXXX XX XXXXX XXXXX XXXX XXXXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 987 4th Avenue, 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
$67,571
Municipal exemptions
Recent tax assessments
Market value
$2,181,000
Assessed value
$981,450

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 $2,214,000 $996,300 $521,100 10.848% $97,876 $56,529 +14.55%
2024/25 $2,090,000 $940,500 $458,550 10.762% $96,228 $49,349 +10.26%
2023/24 $2,072,000 $932,400 $422,550 10.592% $96,110 $44,756 -0.51%
2022/23 $1,994,000 $897,300 $422,550 10.646% $95,527 $44,985 -1.01%
2021/22 $1,655,000 $744,750 $422,550 10.755% $80,098 $45,445 +0.57%
2020/21 $2,124,000 $955,800 $422,550 10.694% $88,489 $45,187 -7.21%
2019/20 $2,237,000 $1,006,650 $462,150 10.537% $79,722 $48,697 +22.81%
2018/19 $2,077,000 $934,650 $377,124 10.514% $69,695 $39,651 +21.70%
2017/18 $1,378,000 $620,100 $309,870 10.514% $59,885 $32,580 -16.48%
2016/17 $1,290,000 $580,500 $368,911 10.574% $49,629 $39,009 +13.17%
Permits

Permit information for 987 4th Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
12/03/2024 Alteration
08/23/2019 Alteration
08/02/2019 Alteration
08/02/2019 Alteration
08/02/2019 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
12/20/2006 C-construction
10/29/2006 C-construction
10/23/2006 C-construction

*Most recent DOB violations on record 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

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & 36th St at NW Corner
Station lines
N-R
Distance (miles)
0.144
View subway map

Access the detailed traffic volume map for 987 4th Avenue, Brooklyn, NY 11232 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 987 4th Avenue, Brooklyn, NY

473 39th St, Brooklyn 471 39th St, Brooklyn 359 39th St, Brooklyn 882 5th Ave, Brooklyn 888 5th Ave, Brooklyn 467 39th St, Brooklyn 992 4th Ave, Brooklyn 884 5th Ave, Brooklyn 321 39th St, Brooklyn 994 4th Ave, Brooklyn 998 4th Ave, Brooklyn 996 4th Ave, Brooklyn 886 5th Ave, Brooklyn 457 39th St, Brooklyn 443 39th St, Brooklyn 465 39th St, Brooklyn 319 39th St, Brooklyn 446 37th St, Brooklyn

Nearby ZIP codes for 987 4th Avenue, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10038, New York City, NY 10271, New York City, NY 10280, New York City, NY 11201, New York City, NY 11204, New York City, NY 11209, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 987 4th Avenue, Brooklyn, NY 11232?

The development at 987 4th Avenue, Brooklyn, NY 11232 was built in 2006.

What is the market value of 987 4th Avenue, Brooklyn, NY 11232?

The current market value of 987 4th Avenue, Brooklyn, NY 11232 is $2,181,000.

What is the total square footage of 987 4th Avenue, Brooklyn, NY 11232?

987 4th Avenue, Brooklyn, NY 11232 has a total of 3,870 square feet.

What is the price per square foot for this property?

$1,550 per square foot is the price for 987 4th Avenue, Brooklyn, NY 11232.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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