New York City » 11232 » 40th St » 723 40th St

723 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 723 40th St

Property image for 723 40th Street, Brooklyn, NY 11232

Property type

Four Families (C3)

Year built

1931

Lot sq. ft.

2,504

Sale price

$872,000

General information

Address

Primary address

723 40th Street

Alternate address(es)

723 Finlandia St

ZIP code

11232

Neighborhood

Sunset Park

Borough

Brooklyn

Block & lot

00915-0057

Building

Property type

Four Families (C3)

Building sq. ft.

3,120

Building dimensions

25 ft x 70 ft

Buildings on lot

Stories

Year built

1931

Building material

C Blck + Brick

Exterior wall

None

Basement

Sales

Sale date

07/31/2013

Sale price

$872,000

Tax

Tax year

2026-2027

Property tax

$11,777

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

40 Street (narrow)

Nearest wide street

39 Street

Distance to wide street

Lot dimensions

25 ft x 100.17 ft

Lot sq. ft.

2,504

Area overview

Walk score

88 /100. Very Walkable

Transit score

94 /100. Rider's Paradise

Bike score

70 /100. Very Bikeable

School district

Community district

Closest police station

0.69 Miles

Closest fire station

0.42 Miles

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

Ownership

Ownership information for 723 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 723 40th Street, Brooklyn, NY 11232

Sale date	Sale price	Buyer name	Seller name
07/31/2013	$872,000	XXX, XXXXXXXXXX XXX XXX, XX XXX	XXXXXXXXXXX, XXXX XXX XXXXXXXX, XXXXXXX XXX XXXXXXXX-XXXXXXX, XXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
05/11/2020 - R 05/01/2020 - D	Deed (2020050800791001)	XXX XXXXXXXXX	XXX XX XXX
06/03/2014 - R 05/13/2014 - D	Agreement (2014052801464003)	XXX XXXXX	XXXX
06/03/2014 - R 05/13/2014 - D	Mortgage (2014052801464002)	XXX XXXXX	XXXX
06/03/2014 - R 05/13/2014 - D	Assignment, Mortgage (2014052801464001)	XXXXXXX XXXXXXXXX XXXX	XXXX
10/03/2013 - R 08/27/2013 - D	Satisfaction of Mortgage (2013091200980002)	XXXXXXXX XXXXX	XXX XXXX XX XXX XXXX
10/03/2013 - R 08/27/2013 - D	Satisfaction of Mortgage (2013091200980001)	XXXXXXXX XXXX	XXX XXXX XX XXX XXXX
08/26/2013 - R 07/31/2013 - D	Mortgage (2013080101240002)	XXX XXXXXXXXXX	XXXXXXX XXXXXXXXX XXXX
08/26/2013 - R 07/31/2013 - D	Deed (2013080101240001)	XXXXXXXXXXX XXXX	XXX XXXXXXXXXX
08/06/1998 - R	Mortgage (3670006166567)	XXXXXXXX XXXX	XXX XXX
03/03/1998 - R	Satisfaction of Mortgage (3320005971832)	XXXXXXXX XXXXX	XXXXXXX XXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 723 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

$11,777

Municipal exemptions

Recent tax assessments

Market value

$842,000

Assessed value

$378,900

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	$702,000	$315,900	$87,439	12.439%	$11,161	$10,877	-0.65%
2024/25	$659,000	$296,550	$87,579	12.5%	$11,216	$10,947	+3.53%
2023/24	$611,000	$274,950	$84,581	12.502%	$10,864	$10,574	+10.36%
2022/23	$639,000	$287,550	$78,109	12.267%	$9,875	$9,582	+8.65%
2021/22	$511,000	$229,950	$72,083	12.235%	$9,120	$8,819	+13.28%
2020/21	$511,000	$229,950	$63,462	12.267%	$8,467	$7,785	-2.01%
2019/20	$638,400	$287,280	$63,692	12.473%	$8,609	$7,944	+2.59%
2018/19	$798,000	$359,100	$61,397	12.612%	$8,431	$7,743	+6.94%
2017/18	$687,000	$309,150	$56,932	12.719%	$7,876	$7,241	+7.58%
2016/17	$578,000	$260,100	$52,211	12.892%	$7,392	$6,731	+8.91%

Permits

Permit information for 723 40th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
10/01/2024	Alteration
09/17/2024	Alteration
08/21/2024	Alteration
08/06/2024	Alteration
07/12/2024	Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID	Inspection date	Class	NOV issue date	Status
	05/01/2026	A
	11/20/2025	I
	06/06/2025	A

*Most recent HPD violations on record for this property.

Neighborhood

Sunset Park residential market stats

Access a detailed real estate market overview of Sunset Park so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in Sunset Park and compare it to other neighborhoods in Brooklyn.

Median sale price

$545,000

-2.7% Y-o-Y

Median price/sq. ft.

$806

-6.6% Y-o-Y

Brooklyn median sale price

$899,000

6% 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

9th Ave & New Utrecht Ave at NE Corner

Station lines

Distance (miles)

0.271

View subway map

Access the detailed traffic volume map for 723 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

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
P.S. 24	4	Yes	Public	PK, K-5	530	0.44
P.S. 24	4	Yes	Public	PK, K-5	530	0.44
P.S. 169 Sunset Park	7	No	Public	K-5	934	0.19
Tomer Dvora School	NR	No	Private	1-8	519	0.36
Bnos Margulia Viznitz - DBA of Yeshiva Imrei Chaim	NR	No	Private	PK-12	727	0.37
Bnos Margulia Viznitz - DBA of Yeshiva Imrei Chaim	NR	No	Private	PK-12	727	0.37
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.37
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.37
P.S. 958	NR	No	Public	PK, K	50	0.41
P.S. 958	NR	No	Public	PK, K	50	0.41

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Tomer Dvora School	NR	No	Private	1-8	519	0.36
Bnos Margulia Viznitz - DBA of Yeshiva Imrei Chaim	NR	No	Private	PK-12	727	0.37
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.37
Saint Agatha School	NR	No	Private	PK, K-8	193	0.41
Bais Brocho of Karlin Stolin	NR	No	Private	K-12	0	0.43
Jhs 220 John J Pershing	7	No	Public	6-8	1,229	0.50
Is 136 Charles O Dewey	2	No	Public	6-8	535	0.51
Sunset Park Prep	5	No	Public	6-8	440	0.51

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bnos Margulia Viznitz - DBA of Yeshiva Imrei Chaim	NR	No	Private	PK-12	727	0.37
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.37
Bais Brocho of Karlin Stolin	NR	No	Private	K-12	0	0.43
Yeshiva Tiferes Shmiel	NR	No	Private	9-12	0	0.49
West Brooklyn Community High School	3	No	Public	10-12	161	0.49
Nesivos Bais Yaakov	NR	No	Private	PK, K-11	0	0.50
P.S. 371 Lillian L Rashkis	NR	No	Public	9-12	209	0.54
Sunset Park High School	4	No	Public	9-12	1,418	0.60

Nearby ZIP codes for 723 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 723 40th Street, Brooklyn, NY 11232?

The development at 723 40th Street, Brooklyn, NY 11232 was built in 1931.

What is the total square footage of 723 40th Street, Brooklyn, NY 11232?

723 40th Street, Brooklyn, NY 11232 has a total of 3,120 square feet.

When was 723 40th Street, Brooklyn, NY 11232 last sold and what was the sale price?

723 40th Street, Brooklyn, NY 11232 was last sold on 07/31/2013 for $872,000.

What is the assessed value of 723 40th Street, Brooklyn, NY 11232?

723 40th Street, Brooklyn, NY 11232 is currently assessed at $378,900.

What are the property taxes for 723 40th Street, Brooklyn, NY 11232?

The property taxes for 723 40th Street, Brooklyn, NY 11232 total $11,776.

How many residential units does this building have?

This building has 4 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.