Kings  »  11232  »  40th St  »  242 40th St

242 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 242 40th St

Property image for 242 40th Street, Brooklyn, NY 11232
static Mapbox map

Property type

Factory - Industrial Semi-Fireproof (F4)

Year built

1952

Lot sq. ft.

6,043

Sale price

$1,450,000

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
242 40th Street
Alternate address(es)
242-246 40th St
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00712-0024

Owner

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Building
Property type
Factory - Industrial Semi-Fireproof (F4)
Building sq. ft.
6,025
Building dimensions
60.25 ft x 100 ft
Buildings on lot
1
Stories
1
Year built
1952
Building material
Sales
Sale date
04/15/2011
Sale price
$1,450,000
Tax
Tax year
2026-2027
Property tax
$32,951
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
60.33 ft x 100.17 ft
Lot sq. ft.
6,043

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
95 /100.  Rider's Paradise
Bike score
78 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.53 Miles
Closest fire station
0.28 Miles

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

Ownership

Ownership information for 242 40th Street, Brooklyn, NY

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

Sales history for 242 40th Street, Brooklyn, NY 11232

Sale date Sale price Buyer name Seller name
04/15/2011 $1,450,000 XXXXX XXXX XXXX. XXXXXX XXXXX XXXXXXXX XXXX. XXX XXXXX XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
05/03/2011 - R Initial UCC1
(2011041800234004)		 XXXXX XXXX XXX X XXXXXX XXXXX XXXXXXXX XXX X XXX XXXXX XXXXX
05/03/2011 - R
04/15/2011 - D		 Assignment of Leases and Rents
(2011041800234003)		 XXXXX XXXX XXXX XXXXXX XXXXX XXXXXXXX XXXX XXX XXXXX XXXXX
05/03/2011 - R
04/15/2011 - D		 Mortgage
(2011041800234002)		 XXXXX XXXX XXXX XXXXXX XXXXX XXXXXXXX XXXX XXX XXXXX XXXXX
05/03/2011 - R
04/15/2011 - D		 Deed
(2011041800234001)		 XXXXXX XXXXX XXXXXXXX XXXX XXX XXXXX XXXXX XXXXX XXXX XXXX
02/10/1995 - R Assignment, Mortgage
(3700004630270)		 XXXXXX XXXXX XXXXXXXX XXXX XXXXXXXX XXXXXX XXXXX XXXXXXXXXXX
02/10/1995 - R Mortgage
(3470004628147)		 XXXXX XXXXX XXXXXXXX XXXXXX XXXXX XXXX
02/10/1995 - R Deed
(3410004629841)		 XXXXXXXX XXXXXX XXXXX XXXXXXXXXXX XXXXX XXXXX
08/29/1988 - R Satisfaction of Mortgage
(3290001392429)		 XXXXXXXX XXXXXX XXXXX XXXXX XXXXX XXXXXX XXXX
06/08/1988 - R Satisfaction of Mortgage
(3400001371840)		 XXXXXXXX XXXXXXXXXXX XX XXXXXXXX XXX XX XXXX
11/30/1978 - R Assignment, Mortgage
(37830103701141)		 XXXXX XXXXX XXXXX XXXX XX XXXXX XXXXXXXX XXXXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 242 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
$32,951
Municipal exemptions
Recent tax assessments
Market value
$675,000
Assessed value
$303,750

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 $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%
2020/21 $746,000 $335,700 $263,160 10.694% $28,142 $28,142 +17.48%
2019/20 $722,000 $324,900 $227,340 10.537% $23,955 $23,955 +18.19%
2018/19 $471,000 $211,950 $192,780 10.514% $20,269 $20,269 +6.68%
2017/18 $469,000 $211,050 $180,707 10.514% $19,000 $19,000 +7.52%
2016/17 $516,000 $232,200 $167,115 10.574% $17,671 $17,671 +11.07%
Permits

Permit information for 242 40th Street, Brooklyn, NY

No recently recorded permits 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

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
3

Subway & traffic

Closest station
4th Ave & 45th St at NW Corner
Station lines
R
Distance (miles)
0.298
View subway map

Access the detailed traffic volume map for 242 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

Neighbors for 242 40th Street, Brooklyn, NY

256 40th St, Brooklyn 258 40th St, Brooklyn 270 40th St, Brooklyn 226 40th St, Brooklyn 214 40th St, Brooklyn 4001 2nd Ave, Brooklyn 268 40th St, Brooklyn 4023 2nd Ave, Brooklyn 413 40th St, Brooklyn 262 40th St, Brooklyn 4014 1st Ave, Brooklyn 417 40th St, Brooklyn 241 41st St, Brooklyn 254 40th St, Brooklyn 228 40th St, Brooklyn 266 40th St, Brooklyn 4014 3rd Ave, Brooklyn 4002 3rd Ave, Brooklyn 411 40th St, Brooklyn 415 40th St, Brooklyn

Nearby ZIP codes for 242 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 242 40th Street, Brooklyn, NY 11232?

The development at 242 40th Street, Brooklyn, NY 11232 was built in 1952.

What is the market value of 242 40th Street, Brooklyn, NY 11232?

The current market value of 242 40th Street, Brooklyn, NY 11232 is $675,000.

What is the total square footage of 242 40th Street, Brooklyn, NY 11232?

242 40th Street, Brooklyn, NY 11232 has a total of 6,025 square feet.

What is the price per square foot for this property?

$240 per square foot is the price for 242 40th Street, 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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