| Primary address | 242 40th Street |
| Secondary address | 242-246 40th St |
| Neighborhood | Sunset Park |
| Zip code | 11232 |
| Borough | Brooklyn |
| Block & lot | 00712-0024 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 04/15/2011 |
| Purchase price | $1,450,000 |
| Tax class | Register |
| Estimated property tax | $32,950 |
| Lot sqft | 6,043 |
| Lot dimensions | |
| Building class | Factory - Industrial Semi-Fireproof (F4) |
| Building sqft | 6,025 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 1 |
| Year built | 1952 |
| Construction type | Register |
| School district | 15 |
| Community district | 7 |
| Closest police station | 0.53 Miles |
| Closest fire station | 0.28 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Factory - Industrial Semi-Fireproof (F4) located at 242 40th Street, Brooklyn, NY 11232 has a total of 6,025 square feet and a current price per square foot of $240.
What is the year built & the current market value of 242 40th Street, Brooklyn, NY 11232?242 40th Street, Brooklyn, NY 11232 was built in 1952 and has a current tax assessor's market value of $682,000.
How many commercial spaces does this building have?This building has 1 commercial spaces available for lease.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
Create a free account to view the complete sales history for 242 40th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 04/15/2011 | $1,450,000 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 242 40th Street, Brooklyn, NY 11232. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $32,590 |
| Estimated property tax: | $32,950 |
| Tax assessor's market value: | $682,000 |
| Assessed value: | $306,900 |
Here's the assessment & property tax history for 242 40th Street, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $682,000 | $306,900 | $300,420 | 10.848% | $32,590 | $32,590 | -1.10% |
| 2024/25 | $734,000 | $330,300 | $306,180 | 10.762% | $32,951 | $32,951 | +1.96% |
| 2023/24 | $693,000 | $311,850 | $305,100 | 10.592% | $32,316 | $32,316 | +6.57% |
| 2022/23 | $633,000 | $284,850 | $284,850 | 10.646% | $30,325 | $30,325 | +5.13% |
| 2021/22 | $596,000 | $268,200 | $268,200 | 10.755% | $28,845 | $28,845 | +2.50% |
The complete history of permits filed for 242 40th Street, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
| Hurricane evacuation zone: | 3 (See more on map) |
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Distance to Subway
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| Closest station | 4th Ave & 45th St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.298 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 3 Av/41 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.078 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 242 40th Street, Brooklyn, NY 11232.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 256 40th St, Brooklyn | 2,500 | 07/18/2024 | $990,000 |
| 258 40th St, Brooklyn | 2,500 | 07/12/2023 | $990,000 |
| 270 40th St, Brooklyn | 5,850 | 04/17/2009 | |
| 226 40th St, Brooklyn | 5,000 | 06/21/2007 | $1,417,000 |
| 214 40th St, Brooklyn | 11,760 | 02/20/2019 | |
| 4001 2nd Ave, Brooklyn | 2,100 | 08/26/2013 | |
| 268 40th St, Brooklyn | 2,500 | 12/05/2018 | |
| 4023 2nd Ave, Brooklyn | 17,000 | 09/03/1992 | |
| 413 40th St, Brooklyn | 3,000 | 06/28/2023 | $1,657,000 |
| 262 40th St, Brooklyn | 2,500 | 05/05/2003 | |
| 4014 1st Ave, Brooklyn | 374,240 | 08/19/2013 | |
| 417 40th St, Brooklyn | 42,684 | 06/11/2020 | $9,000,000 |
| 241 41st St, Brooklyn | 27,604 | 02/23/2006 | $1 |
| 254 40th St, Brooklyn | 2,880 | 05/30/2025 | $1,000,000 |
| 228 40th St, Brooklyn | 20,076 | 09/25/2002 | |
| 266 40th St, Brooklyn | 2,500 | 05/05/2003 | |
| 4014 3rd Ave, Brooklyn | 10,450 | 05/26/2023 | $3,100,000 |
| 4002 3rd Ave, Brooklyn | 16,892 | 06/30/2017 | |
| 411 40th St, Brooklyn | 4,350 | 09/16/2004 | |
| 415 40th St, Brooklyn | 2,820 | 09/07/1999 |
