Kings  »  11232  »  40th St  »  562 40th St

562 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 562 40th St

Property image for 562 40th Street, Brooklyn, NY 11232
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Property type

Over Six Families without Stores (C1)

Year built

1925

Lot sq. ft.

2,504

Sale price

$1,150,000

General information

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Address
Primary address
562 40th Street
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00917-0029

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
6,760
Building dimensions
25 ft x 86 ft
Buildings on lot
1
Stories
4
Year built
1925
Building material
Sales
Sale date
01/24/2008
Sale price
$1,150,000
Tax
Tax year
2026-2027
Property tax
$23,845
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
8
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 100.17 ft
Lot sq. ft.
2,504

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
94 /100.  Rider's Paradise
Bike score
62 /100.  Bikeable
School district
15
Community district
7
Closest police station
0.57 Miles
Closest fire station
0.18 Miles

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

Ownership

Ownership information for 562 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 562 40th Street, Brooklyn, NY 11232

Sale date Sale price Buyer name Seller name
01/24/2008 $1,150,000 XXXXX XXXXXX XXX XXXXXXX, XXXXX X XXX XXXXXXX, XXXXX X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/22/2013 - R UCC3 Termination
(2013070100967001)		 XXXXX XXXXXX XXX XXXX XXXXXXX XXXX XXX
10/15/2013 - R
06/26/2013 - D		 Assignment of Leases and Rents
(2013070100846005)		 XXXXX XXXXXX XXX XXXXXXXXXX XXXX
10/15/2013 - R
06/26/2013 - D		 Agreement
(2013070100846004)		 XXXXX XXXXXX XXX XXXXXXXXXX XXXX
10/15/2013 - R
06/26/2013 - D		 Mortgage
(2013070100846003)		 XXXXX XXXXXX XXX XXXXXXXXXX XXXX
06/25/2013 - R UCC3 Termination
(2013062001185001)		 XXXXX XXXXXX XXX XXXX XXXXXXX XXXX XXX
10/15/2013 - R
06/20/2013 - D		 Assignment, Mortgage
(2013070100846002)		 XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXXXXXXX XXXX
10/15/2013 - R
04/10/2013 - D		 Assignment, Mortgage
(2013070100846001)		 XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXXX
02/05/2010 - R Initial UCC1
(2010020301286001)		 XXXXX XXXXXX XXX XXXX XXXXXXX XXXX XXX
02/12/2008 - R
01/30/2008 - D		 Termination of Assign of L&R
(2008013000270002)		 XXXXXXX XXXXX X XXXXXXXX XXXXXXX XXXX XXX
02/12/2008 - R
01/30/2008 - D		 Satisfaction of Mortgage
(2008013000270001)		 XXXXXXX XXXXX X XXXXXXXX XXXXXXX XXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 562 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
$23,845
Municipal exemptions
Recent tax assessments
Market value
$1,042,000
Assessed value
$468,900

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 $868,000 $390,600 $191,692 12.439% $23,845 $23,845 +2.70%
2024/25 $1,058,400 $476,280 $185,734 12.5% $23,217 $23,217 +7.98%
2023/24 $1,323,000 $595,350 $171,986 12.502% $21,502 $21,502 +10.07%
2022/23 $1,349,000 $607,050 $159,250 12.267% $19,535 $19,535 +8.28%
2021/22 $1,216,000 $547,200 $147,455 12.235% $18,041 $18,041 -0.26%
2020/21 $1,332,000 $599,400 $147,455 12.267% $18,088 $18,088 +1.50%
2019/20 $1,384,000 $622,800 $142,872 12.473% $17,820 $17,820 +6.80%
2018/19 $1,730,000 $778,500 $132,297 12.612% $16,685 $16,685 +7.09%
2017/18 $1,489,000 $670,050 $122,500 12.719% $15,581 $15,581 +6.55%
2016/17 $1,253,000 $563,850 $113,427 12.892% $14,623 $14,623 +0.07%
Permits

Permit information for 562 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/19/2026 Alteration
11/29/2025 Alteration
03/22/2002 Alteration type 2
12/19/2001 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/20/2023 Lblvio-low pressure boiler boiler required
01/19/2007 Ll6291-local law 62/91 - boilers
02/13/2004 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)
0.328
View subway map

Access the detailed traffic volume map for 562 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 562 40th Street, Brooklyn, NY

4012 6th Ave, Brooklyn 4004 6th Ave, Brooklyn 556 40th St, Brooklyn 526 40th St, Brooklyn 524 40th St, Brooklyn 566 40th St, Brooklyn 4002 6th Ave, Brooklyn 560 40th St, Brooklyn 570 40th St, Brooklyn 4010 6th Ave, Brooklyn 550 40th St, Brooklyn 572 40th St, Brooklyn 540 40th St, Brooklyn 532 40th St, Brooklyn 564 40th St, Brooklyn 4006 6th Ave, Brooklyn 4014 6th Ave, Brooklyn 546 40th St, Brooklyn 528 40th St, Brooklyn 530 40th St, Brooklyn

Nearby ZIP codes for 562 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 562 40th Street, Brooklyn, NY 11232?

The development at 562 40th Street, Brooklyn, NY 11232 was built in 1925.

What is the total square footage of 562 40th Street, Brooklyn, NY 11232?

562 40th Street, Brooklyn, NY 11232 has a total of 6,760 square feet.

When was 562 40th Street, Brooklyn, NY 11232 last sold and what was the sale price?

562 40th Street, Brooklyn, NY 11232 was last sold on 01/24/2008 for $1,150,000.

What is the assessed value of 562 40th Street, Brooklyn, NY 11232?

562 40th Street, Brooklyn, NY 11232 is currently assessed at $468,900.

What are the property taxes for 562 40th Street, Brooklyn, NY 11232?

The property taxes for 562 40th Street, Brooklyn, NY 11232 total $23,844.

How many residential units does this building have?

This building has 8 residential unit(s).

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