Kings » 11232 » 40th St » 417 40th St

417 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 417 40th St

Property image for 417 40th Street, Brooklyn, NY 11232

Property type

Over Six Families without Stores (C1)

Year built

1938

Lot sq. ft.

21,002

Sale price

$9,000,000

General information

Address

Primary address

417 40th Street

Alternate address(es)

417-431 40th St
417-441 40th St
433-441 40th St

ZIP code

11232

Neighborhood

Sunset Park

Borough

Brooklyn

Block & lot

00709-0058

Building

Property type

Over Six Families without Stores (C1)

Building sq. ft.

42,684

Building dimensions

209 ft x 87 ft

Buildings on lot

Stories

Year built

1938

Building material

Sales

Sale date

06/11/2020

Sale price

$9,000,000

Tax

Tax year

2026-2027

Property tax

$222,894

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

209.67 ft x 100.17 ft

Lot sq. ft.

21,002

Area overview

Walk score

95 /100. Walker's Paradise

Transit score

97 /100. Rider's Paradise

Bike score

71 /100. Very Bikeable

School district

Community district

Closest police station

0.48 Miles

Closest fire station

0.00 Miles

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

Ownership

Ownership information for 417 40th 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 417 40th Street, Brooklyn, NY 11232

Sale date	Sale price	Buyer name	Seller name
06/11/2020	$9,000,000	XX XXXXXX X, XXX	XXX-XXX XXXX XX. XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
01/29/2026 - R	UCC3 Termination (2026012900044001)	XX XXXXXX X XXX	XX XXXX X X
06/29/2020 - R	Initial UCC1 (2020061900455007)	XX XXXXXX XXXX	XX XXXX X X
06/29/2020 - R	UCC3 Termination (2020061900455002)	XXXXXX XXXX XX XXX	XXX XXXX XXXXXXXXX XXXX
06/29/2020 - R 06/19/2020 - D	Agreement (2020061900455005)	XX XXXXXX X XXX	XX XXXX X X
06/29/2020 - R 06/11/2020 - D	Assignment of Leases and Rents (2020061900455006)	XX XXXXXX X XXX	XX XXXX X X
06/29/2020 - R 06/11/2020 - D	Deed (2020061900455004)	XXXXXX XXXX XX XXX	XX XXXXXX X XXX
06/29/2020 - R 06/11/2020 - D	Assignment, Mortgage (2020061900455003)	XXX XXXX XXXXXXXXX XXXX	XX XXXX X X
06/29/2020 - R 06/11/2020 - D	Termination of Assign of L&R (2020061900455001)	XXXXXX XXXX XX XXX	XXX XXXX XXXXXXXXX XXXX
07/01/2015 - R	Initial UCC1 (2015061900960003)	XXXXXX XXXX XX XXX	XXX XXXX XXXXXXXXX XXXX
07/01/2015 - R 05/07/2015 - D	Agreement (2015061900960002)	XXXXXX XXXX XX XXX	XXX XXXX XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 417 40th 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

$222,894

Municipal exemptions

Recent tax assessments

Market value

$3,982,000

Assessed value

$1,791,900

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	$4,087,000	$1,839,150	$1,839,150	12.439%	$228,772	$228,772	-6.32%
2024/25	$4,456,000	$2,005,200	$1,953,685	12.5%	$244,211	$244,211	+0.12%
2023/24	$4,412,000	$1,985,400	$1,951,075	12.502%	$243,923	$243,923	+6.68%
2022/23	$4,142,000	$1,863,900	$1,863,900	12.267%	$228,645	$228,645	-1.92%
2021/22	$4,234,000	$1,905,300	$1,905,300	12.235%	$233,113	$233,113	-1.30%
2020/21	$4,774,000	$2,148,300	$1,925,370	12.267%	$236,185	$236,185	+11.81%
2019/20	$4,427,000	$1,992,150	$1,693,530	12.473%	$211,234	$211,234	+14.35%
2018/19	$4,403,000	$1,981,350	$1,464,660	12.612%	$184,723	$184,723	+17.75%
2017/18	$4,089,000	$1,840,050	$1,233,450	12.719%	$156,883	$156,883	+20.96%
2016/17	$3,700,000	$1,665,000	$1,006,020	12.892%	$129,696	$129,696	+31.10%

Permits

Permit information for 417 40th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
09/02/2009	Alteration type 3

*Most recent permit on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	01/01/2009	Ll6291-local law 62/91 - boilers

*Most recent DOB violation on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

4th Ave & 36th St at NE Corner

Station lines

N-R

Distance (miles)

0.201

View subway map

Access the detailed traffic volume map for 417 40th Street, 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

Nearby ZIP codes for 417 40th Street, 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 417 40th Street, Brooklyn, NY 11232?

The development at 417 40th Street, Brooklyn, NY 11232 was built in 1938.

What is the total square footage of 417 40th Street, Brooklyn, NY 11232?

417 40th Street, Brooklyn, NY 11232 has a total of 42,684 square feet.

When was 417 40th Street, Brooklyn, NY 11232 last sold and what was the sale price?

417 40th Street, Brooklyn, NY 11232 was last sold on 06/11/2020 for $9,000,000.

What is the assessed value of 417 40th Street, Brooklyn, NY 11232?

417 40th Street, Brooklyn, NY 11232 is currently assessed at $1,791,900.

What are the property taxes for 417 40th Street, Brooklyn, NY 11232?

The property taxes for 417 40th Street, Brooklyn, NY 11232 total $222,894.

How many residential units does this building have?

This building has 49 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.