Kings  »  11232  »  40th St  »  878 40th St

878 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 878 40th St

Property image for 878 40th Street, Brooklyn, NY 11232
static Mapbox map

Property type

Five to Six Families (C2)

Year built

1925

Lot sq. ft.

2,504

General information

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Address
Primary address
878 40th Street
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00920-0034

Owner

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Building
Property type
Five to Six Families (C2)
Building sq. ft.
3,120
Building dimensions
20.5 ft x 78 ft
Buildings on lot
1
Stories
2
Year built
1925
Last altered
1958
Building material
Tax
Tax year
2026-2027
Property tax
$16,437
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
5
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
85 /100.  Very Walkable
Transit score
84 /100.  Excellent Transit
Bike score
73 /100.  Very Bikeable
School district
15
Community district
12
Closest police station
0.89 Miles
Closest fire station
0.44 Miles

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

Ownership information for 878 40th Street, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 878 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
08/11/2008 - R
06/23/2008 - D
Satisfaction of Mortgage
(2008071401297001)
XXXX XX XXXXX XXXXXX XXXXXXX XXXXXXX XXXX
09/08/1993 - R Mortgage
(3780001798578)
XX XXXX XXXX XXXXXX XXX XXXX XXXX
09/08/1993 - R Deed
(3770001798577)
XXXXXXXX XXXXXXXX XXXX XXXX XXXX
09/08/1993 - R Power of Attorney
(3760001798576)
XXXXXXXX XXXXXXXXX XXXXXXXX XXXXX
09/08/1993 - R Power of Attorney
(3750001798575)
XXXXXXXXXXX XXXXX XXXXXXXX XXXXX
09/08/1993 - R Power of Attorney
(3740001798574)
XXXXXXXX XXXXXXXXX XXXXXXXX XXXXX
08/12/1993 - R Power of Attorney
(3460001792846)
XXXXXXX XXXXXX XXXXXXXX XXXXX
01/13/1983 - R Deed
(3230000942923)
XXXXXXXX XXXXXX XXXX XX XXXXXXXX XXXXXXXX
04/14/1978 - R Release of Estate Tax Lien
(37830098800176)
XXXXXXXX XXXX (XXXX)

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 878 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
$16,437
Municipal exemptions
Recent tax assessments
Market value
$858,000
Assessed value
$386,100

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 $736,000 $331,200 $122,356 12.439% $15,220 $15,220 -0.49%
2024/25 $659,000 $296,550 $122,356 12.5% $15,295 $15,295 +3.27%
2023/24 $611,000 $274,950 $118,465 12.502% $14,810 $14,810 +10.02%
2022/23 $730,000 $328,500 $109,743 12.267% $13,462 $13,462 +8.24%
2021/22 $659,000 $296,550 $101,650 12.235% $12,437 $12,437 +7.72%
2020/21 $720,000 $324,000 $94,120 12.267% $11,546 $11,546 -1.65%
2019/20 $660,000 $297,000 $94,120 12.473% $11,740 $11,740 +2.15%
2018/19 $550,000 $247,500 $91,127 12.612% $11,493 $11,493 +7.04%
2017/18 $476,000 $214,200 $84,418 12.719% $10,737 $10,737 +6.51%
2016/17 $432,000 $194,400 $78,192 12.892% $10,081 $10,081 +8.08%

Permit information for 878 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/19/2009 Alteration type 2
09/06/2007 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

No recently recorded violations for this property.

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

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
9th Ave & New Utrecht Ave at NE Corner
Station lines
D
Distance (miles)
0.109

Access the detailed traffic volume map for 878 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

Frequently asked questions

What is the year built for 878 40th Street, Brooklyn, NY 11232?

The development at 878 40th Street, Brooklyn, NY 11232 was built in 1925.

What is the total square footage of 878 40th Street, Brooklyn, NY 11232?

878 40th Street, Brooklyn, NY 11232 has a total of 3,120 square feet.

What is the assessed value of 878 40th Street, Brooklyn, NY 11232?

878 40th Street, Brooklyn, NY 11232 is currently assessed at $386,100.

What are the property taxes for 878 40th Street, Brooklyn, NY 11232?

The property taxes for 878 40th Street, Brooklyn, NY 11232 total $16,437.

How many residential units does this building have?

This building has 5 residential unit(s).

Disclaimer

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