New York City » 11218 » 40th St » 1202 40th St

1202 40th Street #2, Brooklyn, NY 11218 - Property report

Also known as: 1202 40th St #2

Property image for 1202 40th Street #2, Brooklyn, NY 11218

Property type

Condo - Residential Unit in 2-10 Unit Building (R1)

Year built

1901

Lot sq. ft.

1,937

Sale price

$636,406

General information

Address

Primary address

1202 40th Street #2

ZIP code

11218

Neighborhood

Borough Park

Borough

Brooklyn

Block & lot

05589-1002

Building

Property type

Condo - Residential Unit in 2-10 Unit Building (R1)

Unit sq. ft.

1,175

Buildings on lot

Stories

Year built

1901

Sales

Sale date

06/20/2016

Sale price

$636,406 - M

Tax

Tax year

2026-2027

Property tax

$562

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

Distance to wide street

Lot sq. ft.

1,937

Area overview

Walk score

91 /100. Walker's Paradise

Transit score

92 /100. Rider's Paradise

Bike score

71 /100. Very Bikeable

School district

Community district

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

Ownership

Ownership information for 1202 40th Street #2, 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 1202 40th Street #2, Brooklyn, NY 11218

Sale date	Sale price	Buyer name	Seller name
06/20/2016	$636,406	XXXXXXX, XXXXX X XXX XXXXXXX, XXXXXXX	XXXX XXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
07/27/2016 - R 07/15/2016 - D	Amended Condo Declaration (2016072101312001)	XXXX XXXXXX XXX
08/19/2016 - R 06/20/2016 - D	Mortgage (2016071101023003)	XXXXXXX XXXXX X	XXXX
08/19/2016 - R 06/20/2016 - D	Power of Attorney (2016071101023002)	XXXX XXXXXX XXX	XXXXXXX XXXXX X
08/19/2016 - R 06/20/2016 - D	Deed (2016071101023001)	XXXX XXXXXX XXX	XXXXXXX XXXXX X
06/23/2016 - R 06/15/2016 - D	Amended Condo Declaration (2016061600764001)	XXX XXXX XXXXXX XXX
05/16/2016 - R 05/09/2016 - D	Condo Declaration (2016051000374001)	XXX XXXX XXXX XXXXXX XXXXXXXXXXX
05/16/2016 - R 05/04/2016 - D	Maps (2016051000374002)	XXX XXXX XXXX XXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1202 40th Street #2, 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

$562

Municipal exemptions

Recent tax assessments

Market value

$382,800

Assessed value

$172,260

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	$319,000	$143,550	$4,521	12.439%	$4,084	$562	-0.49%
2024/25	$265,760	$119,592	$4,521	12.5%	$3,800	$565	-0.02%
2023/24	$261,360	$117,612	$4,521	12.502%	$3,519	$565	+1.92%
2022/23	$256,740	$115,533	$4,521	12.267%	$3,197	$555	+0.29%
2021/22	$234,520	$105,534	$4,521	12.235%	$3,189	$553	-0.29%
2020/21	$257,180	$115,731	$4,521	12.267%	$3,098	$555	-1.65%
2019/20	$244,420	$109,989	$4,521	12.473%	$2,917	$564	-1.10%
2018/19	$233,640	$105,138	$4,521	12.612%	$2,731	$570	-77.64%
2017/18	$201,960	$90,882	$20,049	12.719%	$2,550	$2,550	n/a

Permits

Permit information for 1202 40th Street #2, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

Borough Park residential market stats

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

Median sale price

$999,000

-0.1% Y-o-Y

Median price/sq. ft.

$858

7.4% 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

New Utrecht Ave & 44th St at NE Corner

Station lines

Distance (miles)

0.27

View subway map

Access the detailed traffic volume map for 1202 40th Street #2, Brooklyn, NY 11218 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)
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.15
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.15
Yeshivas Boyan Tiferes Mordechai Shlomo	NR	No	Private	PK, K-8	239	0.18
Yeshivas Boyan Tiferes Mordechai Shlomo	NR	No	Private	PK, K-8	239	0.18
Mesivta Tiferes Elimelech	NR	No	Private		0	0.19
P.S. 131	6	No	Public	PK, K-5	583	0.23
P.S. 131	6	No	Public	PK, K-5	583	0.23

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.15
Yeshivas Boyan Tiferes Mordechai Shlomo	NR	No	Private	PK, K-8	239	0.18
Mesivta Tiferes Elimelech	NR	No	Private		0	0.19
Mesivta Nesivos Hatalmud	NR	No	Private	8-12	115	0.19
St. Catharine of Alexandria	NR	No	Private	PK, K-8	0	0.23

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Yeshiva Mesivta Chernobil	NR	No	Private	9-12	74	0.06
Kerem Shlomo	NR	No	Private	10-11	0	0.15
Yeshiva Imrei Phi	NR	No	Private	9-12	0	0.18
Mesivta Tiferes Elimelech	NR	No	Private		0	0.19
Mesivta Nesivos Hatalmud	NR	No	Private	8-12	115	0.19
West Brooklyn Community High School	3	No	Public	10-12	161	0.22

Neighbors for 1202 40th Street #2, Brooklyn, NY

648 Greene Ave, Brooklyn

Frequently asked questions

What is the year built for 1202 40th Street #2, Brooklyn, NY 11218?

The development at 1202 40th Street #2, Brooklyn, NY 11218 was built in 1901.

What is the total square footage of 1202 40th Street #2, Brooklyn, NY 11218?

1202 40th Street #2, Brooklyn, NY 11218 has a total of 1,175 square feet.

When was 1202 40th Street #2, Brooklyn, NY 11218 last sold and what was the sale price?

1202 40th Street #2, Brooklyn, NY 11218 was last sold on 06/20/2016 for $636,406.

What is the assessed value of 1202 40th Street #2, Brooklyn, NY 11218?

1202 40th Street #2, Brooklyn, NY 11218 is currently assessed at $172,260.

What are the property taxes for 1202 40th Street #2, Brooklyn, NY 11218?

The property taxes for 1202 40th Street #2, Brooklyn, NY 11218 total $562.

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.