Kings  »  11232  »  40th St  »  550 40th St

550 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 550 40th St

Property image for 550 40th Street, Brooklyn, NY 11232
static Mapbox map

Property type

Over Six Families without Stores (C1)

Year built

1922

Lot sq. ft.

5,008

General information

Unlock this property report with a free account

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
550 40th Street
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00917-0025

Owner

Find out who owns 550 40th Street, Brooklyn, NY 11232. Uncover corporate and individual owners with a free account.

Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
14,464
Building dimensions
50 ft x 87 ft
Buildings on lot
1
Stories
4
Year built
1922
Building material
Tax
Tax year
2026-2027
Property tax
$49,762
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
19
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
50 ft x 100.17 ft
Lot sq. ft.
5,008

Area overview

Walk score
90 /100.  Very Walkable
Transit score
95 /100.  Rider's Paradise
Bike score
62 /100.  Bikeable
School district
15
Community district
7
Closest police station
0.56 Miles
Closest fire station
0.17 Miles

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

Ownership

Ownership information for 550 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 550 40th Street, Brooklyn, NY 11232

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/11/2019 - R
11/05/2018 - D		 Sundry Miscellaneous
(2019011000789001)		 XXXX XXXXXX XXX XXXX XXXXXX XXX
11/01/2018 - R UCC3 Termination
(2018103100903002)		 XXXX XXXXXX XXX XXX XXXX XXXXXXXXX XXXX
11/01/2018 - R
04/13/2018 - D		 Satisfaction of Mortgage
(2018103100903001)		 XXXX XXXXXX XXX XXX XXXX XXXXXXXXX XXXX
02/26/2013 - R Initial UCC1
(2013022100317003)		 XXXX XXXXXX XXX XXX XXXX XXXXXXXXX XXXX
02/26/2013 - R UCC3 Termination
(2013022100317002)		 XXXX XXXXXX XXX XXXXXXXXX XXXX XXXXXXXXX XX XXXXXX XXXX XXXXXXXXX
02/26/2013 - R UCC3 Termination
(2013022100317001)		 XXXX XXXXXX XXX XXXXXX XXX
01/24/2013 - R
01/09/2013 - D		 Agreement
(2013011601176004)		 XXXX XXXXXX XXX XXX XXXX XXXXXXXXX XXXX
01/24/2013 - R
01/09/2013 - D		 Mortgage
(2013011601176003)		 XXXX XXXXXX XXX XXX XXXX XXXXXXXXX XXXX
01/24/2013 - R
01/08/2013 - D		 Assignment, Mortgage
(2013011601176002)		 XXXXXXXXX XXXX X X XXX XXXX XXXXXXXXX XXXX
01/24/2013 - R
12/07/2012 - D		 Termination of Assign of L&R
(2013011601176005)		 XXXXXX XXX XXXX XXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 550 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
$49,762
Municipal exemptions
Recent tax assessments
Market value
$889,000
Assessed value
$400,050

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 $863,000 $388,350 $388,350 12.439% $48,307 $48,307 -11.32%
2024/25 $985,000 $443,250 $435,780 12.5% $54,473 $54,473 +1.62%
2023/24 $1,103,000 $496,350 $428,760 12.502% $53,604 $53,604 +5.57%
2022/23 $1,020,000 $459,000 $413,910 12.267% $50,774 $50,774 +25.98%
2021/22 $732,000 $329,400 $329,400 12.235% $40,302 $40,302 -20.54%
2020/21 $1,002,000 $450,900 $413,460 12.267% $50,719 $50,719 +1.99%
2019/20 $907,000 $408,150 $398,700 12.473% $49,730 $49,730 +0.63%
2018/19 $938,000 $422,100 $391,830 12.612% $49,418 $49,418 +4.31%
2017/18 $883,000 $397,350 $372,470 12.719% $47,374 $47,374 +4.09%
2016/17 $864,000 $388,800 $353,030 12.892% $45,513 $45,513 +3.41%
Permits

Permit information for 550 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/04/2022 Alteration
12/12/2021 Alteration
11/23/2021 Alteration
07/12/2021 Alteration
11/10/2020 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/01/2015 Lblvio-low pressure boiler
02/27/2001 Ll6291-local law 62/91 - boilers
07/25/1994 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record 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
-

Subway & traffic

Closest station
4th Ave & 45th St at NE Corner
Station lines
R
Distance (miles)
0.315
View subway map

Access the detailed traffic volume map for 550 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 550 40th Street, Brooklyn, NY

556 40th St, Brooklyn 4004 6th Ave, Brooklyn 516 40th St, Brooklyn 526 40th St, Brooklyn 524 40th St, Brooklyn 560 40th St, Brooklyn 566 40th St, Brooklyn 4002 6th Ave, Brooklyn 570 40th St, Brooklyn 520 40th St, Brooklyn 562 40th St, Brooklyn 572 40th St, Brooklyn 540 40th St, Brooklyn 532 40th St, Brooklyn 564 40th St, Brooklyn 4006 6th Ave, Brooklyn 546 40th St, Brooklyn 528 40th St, Brooklyn 530 40th St, Brooklyn 518 40th St, Brooklyn

Nearby ZIP codes for 550 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 550 40th Street, Brooklyn, NY 11232?

The development at 550 40th Street, Brooklyn, NY 11232 was built in 1922.

What is the total square footage of 550 40th Street, Brooklyn, NY 11232?

550 40th Street, Brooklyn, NY 11232 has a total of 14,464 square feet.

What is the assessed value of 550 40th Street, Brooklyn, NY 11232?

550 40th Street, Brooklyn, NY 11232 is currently assessed at $400,050.

What are the property taxes for 550 40th Street, Brooklyn, NY 11232?

The property taxes for 550 40th Street, Brooklyn, NY 11232 total $49,762.

How many residential units does this building have?

This building has 19 residential unit(s).

Disclaimer

Copyright 2003-2026 by PropertyShark.com

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.

Sign up for a free account