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254 40th Street, Brooklyn, NY 11232 Property Information

254 40th Street, Brooklyn, NY 11232 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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254 40th Street, Brooklyn, NY 11232 2
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Address

Primary address 254 40th Street
Neighborhood Sunset Park
Zip code 11232
Borough Brooklyn
Block & lot 00712-0029

Sales & Tax Overview for 254 40th Street, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 05/30/2025
Purchase price $1,000,000
Tax class
Estimated property tax $14,683

Lot & Building Information for 254 40th Street, Brooklyn

Lot sqft 2,003
Lot dimensions 20 ft x 100.17 ft
Building class Fireproof Warehouse (E1)
Building sqft 2,880
Building dimensions 20 ft x 100 ft
Buildings on lot 1
Stories 2
Year built 1941
Construction type
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Zoning & Use for 254 40th Street, Brooklyn

Zoning
Qualified opportunity zone
Commercial units 1
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 0.53 Miles
Closest fire station 0.27 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 254 40th Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 254 40th Street, Brooklyn, NY 11232, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 254 40th Street, Brooklyn, NY 11232, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 254 40th Street, Brooklyn

How many sq. ft. does 254 40th Street, Brooklyn, NY 11232 have & what is the price per sq. ft?

This Fireproof Warehouse (E1) located at 254 40th Street, Brooklyn, NY 11232 has a total of 2,880 square feet and a current price per square foot of $347.

What is the year built & the current market value of 254 40th Street, Brooklyn, NY 11232?

254 40th Street, Brooklyn, NY 11232 was built in 1941 and has a current tax assessor's market value of $315,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 254 40th Street, Brooklyn

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Property owner name for 254 40th Street, Brooklyn, NY 11232
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Building contacts for 254 40th Street, Brooklyn, NY 11232
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 254 40th Street, Brooklyn

Create a free account to view the complete sales history for 254 40th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
05/30/2025 $1,000,000

Title Documents for 254 40th Street, Brooklyn

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.

Date Type Amount Party 1 Party 2 Doc image
06/01/2025 - D
06/09/2025 - R
Mortgage
(2025060400547004)
05/30/2025 - D
06/09/2025 - R
Deed
(2025060400547003)
05/28/2025 - D
06/09/2025 - R
Power of Attorney
(2025060400547002)
05/28/2025 - D
06/09/2025 - R
Power of Attorney
(2025060400547001)
02/09/2023 - D
02/28/2023 - R
Deed
(2023022100933002)
08/16/1996 - R Deed
(3340005291634)
06/13/1972 - R Mortgage
(37230056200557)
06/13/1972 - R Deed
(37230056200553)
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R: Recorded date
D: Document date

Property Taxes for 254 40th Street, Brooklyn

Access detailed property tax data for 254 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: $13,795
Estimated property tax: $14,683
Tax assessor's market value: $315,000
Assessed value: $141,750

Assessment History for 254 40th Street, Brooklyn

Here's the assessment & property tax history for 254 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 $315,000 $141,750 $127,170 10.848% $13,795 $13,795 +2.47%
2024/25 $280,000 $126,000 $125,100 10.762% $13,463 $13,463 +1.39%
2023/24 $303,000 $136,350 $125,370 10.592% $13,279 $13,279 +3.27%
2022/23 $284,000 $127,800 $120,780 10.646% $12,858 $12,858 +15.01%
2021/22 $231,000 $103,950 $103,950 10.755% $11,180 $11,180 -10.89%

Permits for 254 40th Street, Brooklyn

The complete history of permits filed for 254 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.

No recorded permits for this property.

Brooklyn Commercial Market Stats

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.

Median Price/Sqft Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 3 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & 45th St at NW Corner
Station lines R
Distance (miles) 0.288
View subway map
Bus Routes
Name 3 Av/41 St
Line B37
Distance (miles) 0.066

Neighbors for 254 40th Street, Brooklyn

Here are the neighbors for 254 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 03/05/2026
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
241 41st St, Brooklyn 27,604 02/23/2006 $1
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
4018 3rd Ave, Brooklyn 7,952 09/22/2004
275 42nd St, Brooklyn 300 09/30/1983
242 40th St, Brooklyn 6,025 04/15/2011 $1,450,000
411 40th St, Brooklyn 4,350 09/16/2004
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