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240 42nd Street, Brooklyn, NY 11232 Property Information

240 42nd Street, Brooklyn, NY 11232 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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240 42nd Street, Brooklyn, NY 11232 1
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Address

Primary address 240 42nd Street
Secondary address 240-242 42nd St
Neighborhood Sunset Park
Zip code 11232
Borough Brooklyn
Block & lot 00722-0023

Sales & Tax Overview for 240 42nd Street, Brooklyn

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

Tax class
Estimated property tax $16,607

Lot & Building Information for 240 42nd Street, Brooklyn

Lot sqft 2,504
Lot dimensions 25 ft x 100.17 ft
Building class Fireproof Warehouse (E1)
Building sqft 3,125
Building dimensions 25 ft x 100 ft
Buildings on lot 1
Stories 1
Year built 1988
Construction type
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Zoning & Use for 240 42nd 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 0.63 Miles
Closest fire station 0.31 Miles

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

Other Property Data for 240 42nd 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 240 42nd 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 240 42nd Street, Brooklyn, NY 11232, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 240-242 42nd St, Brooklyn, NY 11232

About 240 42nd Street, Brooklyn

How many square feet does 240 42nd Street, Brooklyn, NY 11232 have?

This Fireproof Warehouse (E1) located at 240 42nd Street, Brooklyn, NY 11232 has a total of 3,125 square feet.

What is the year built & the current market value of 240 42nd Street, Brooklyn, NY 11232?

240 42nd Street, Brooklyn, NY 11232 was built in 1988 and has a current tax assessor's market value of $365,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 240 42nd Street, Brooklyn

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Property owner name for 240 42nd Street, Brooklyn, NY 11232
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Building contacts for 240 42nd Street, Brooklyn, NY 11232
Building management:
Representatives (from permits):
Tenants:
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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 240 42nd Street, Brooklyn

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No recorded sales for this property.

Title Documents for 240 42nd 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
01/13/2011 - D
05/23/2011 - R
Deed
(2011022100458001)
02/10/1992 - R Deed
(3740001667474)
06/19/1985 - R Deed
(3950001094695)
03/04/1975 - R Deed
(37530076601324)
12/27/1973 - D
12/27/1973 - R
Deed
(37330068100138)
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R: Recorded date
D: Document date

Property Taxes for 240 42nd Street, Brooklyn

Access detailed property tax data for 240 42nd 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: $15,504
Estimated property tax: $16,607
Tax assessor's market value: $365,000
Assessed value: $164,250

Assessment History for 240 42nd Street, Brooklyn

Here's the assessment & property tax history for 240 42nd 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 $365,000 $164,250 $142,920 10.848% $15,504 $15,504 +4.08%
2024/25 $323,000 $145,350 $138,420 10.762% $14,897 $14,897 +3.28%
2023/24 $339,000 $152,550 $136,170 10.592% $14,423 $14,423 +3.18%
2022/23 $310,000 $139,500 $131,310 10.646% $13,979 $13,979 +15.07%
2021/22 $251,000 $112,950 $112,950 10.755% $12,148 $12,148 -14.49%

Permits for 240 42nd Street, Brooklyn

The complete history of permits filed for 240 42nd 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: 4 (See more on map)

Transportation

Distance to Subway
Closest station 4th Ave & 45th St at NW Corner
Station lines R
Distance (miles) 0.241
View subway map
Bus Routes
Name 3 Av/43 St
Line B37
Distance (miles) 0.087

Neighbors for 240 42nd Street, Brooklyn

Here are the neighbors for 240 42nd Street, Brooklyn, NY 11232.

Address Square feet Purchase date Purchase price
250 42nd St, Brooklyn 4,984 12/29/1977
238 42nd St, Brooklyn 2,500 07/12/2005 $600,000
230 42nd St, Brooklyn 5,000 11/19/2025 $2,250,000
224 42nd St, Brooklyn 2,500 09/21/2009 $640,000
260 42nd St, Brooklyn 7,000 11/19/2021 $2,800,000
4208 3rd Ave, Brooklyn 2,135 08/29/2013 $350,000
244 42nd St, Brooklyn 2,500 08/01/1991
4202 3rd Ave, Brooklyn 5,034 07/17/2018 $2,575,000
202 42nd St, Brooklyn 3,200 05/06/2021
4206 3rd Ave, Brooklyn 2,150 03/04/2024
206 42nd St, Brooklyn 1,000 05/06/2021
266 42nd St, Brooklyn 2,500 11/01/2023 $850,000
236 42nd St, Brooklyn 3,750 12/16/2022 $990,000
226 42nd St, Brooklyn 2,500 07/13/2016
210 42nd St, Brooklyn 7,192 06/06/2016
204 42nd St, Brooklyn 2,542 05/06/2021
270 42nd St, Brooklyn 6,200 06/02/2006 $1,400,000
4210 3rd Ave, Brooklyn 2,219 05/31/1985
248 42nd St, Brooklyn 2,500 12/29/1977
208 42nd St, Brooklyn 1,306 09/28/2018 $889,000
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