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1240 Broadway, Brooklyn, NY 11221 Property Information

1240 Broadway, Brooklyn, NY 11221 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 Broadway, Brooklyn, NY 11221 1
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Address

Primary address 1240 Broadway
Secondary address 1240-1244 Broadway
Neighborhood Bedford-Stuyvesant
Zip code 11221
Borough Brooklyn
Block & lot 01618-0030

Sales & Tax Overview for 1240 Broadway, Brooklyn

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 01/11/2018
Purchase price $2,900,000
Tax class
Estimated property tax $41,225

Lot & Building Information for 1240 Broadway, Brooklyn

Lot sqft 2,216
Lot dimensions 66 ft x 94.08 ft
Building class Miscellaneous Hospital, Health Care Facility (I9) i
Building sqft 4,400
Building dimensions 55 ft x 65 ft
Buildings on lot 1
Stories 2
Year built 1910
Year last altered 2006
Construction type
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Zoning & Use for 1240 Broadway, Brooklyn

Zoning
Commercial units 6
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 16
Community district 3
Closest police station 0.12 Miles
Closest fire station 0.46 Miles

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 1240 Broadway, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 1240 Broadway, Brooklyn, NY 11221, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for 1240 Broadway, Brooklyn, NY 11221, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 1240-1244 Broadway, Brooklyn, NY 11221
  • 1035-1039 Greene Ave, Brooklyn, NY 11221

About 1240 Broadway, Brooklyn

What is the year built & the total sq. ft. for 1240 Broadway, Brooklyn, NY 11221?

1240 Broadway, Brooklyn, NY 11221 was built in 1910 and has a total of 4,400 square feet.

What is the assessed value of 1240 Broadway, Brooklyn, NY 11221 and the property tax paid?

Assessed at $413,550, the tax amount paid for 1240 Broadway, Brooklyn, NY 11221 is $42,157. For the next year, the tax amount for 1240 Broadway, Brooklyn, NY 11221 is estimated at $41,225.

When was 1240 Broadway, Brooklyn, NY 11221 last sold?

1240 Broadway, Brooklyn, NY 11221 was last sold in 12/30/2021.

Ownership Information for 1240 Broadway, Brooklyn

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Property owner name for 1240 Broadway, Brooklyn, NY 11221
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Building contacts for 1240 Broadway, Brooklyn, NY 11221
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 1240 Broadway, Brooklyn

Create a free account to view the complete sales history for 1240 Broadway, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
01/11/2018 $2,900,000
12/16/2004 $400,000
11/25/2003 $165,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 1240 Broadway, Brooklyn

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
04/17/2024 - D
04/24/2024 - R
Assignment of Leases and Rents
(2024042100022004)
04/17/2024 - D
04/24/2024 - R
Agreement
(2024042100022003)
04/17/2024 - D
04/24/2024 - R
Mortgage
(2024042100022002)
04/17/2024 - D
04/24/2024 - R
Assignment, Mortgage
(2024042100022001)
01/10/2022 - R UCC3 Termination
(2022010300785004)
12/30/2021 - D
01/10/2022 - R
Termination of Assign of L&R
(2022010300785003)
12/30/2021 - D
01/10/2022 - R
Assignment, Mortgage
(2022010300785002)
12/30/2021 - D
01/10/2022 - R
Deed
(2022010300785001)
08/28/2019 - D
08/29/2019 - R
Certificate
(2019082801220001)
08/15/2019 - D
08/29/2019 - R
Zoning Lot Description
(2019082801220002)
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R: Recorded date
D: Document date

Property Taxes for 1240 Broadway, Brooklyn

Access detailed property tax data for 1240 Broadway, Brooklyn, NY 11221. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $42,157
Estimated property tax: $41,225
Tax assessor's market value: $919,000
Assessed value: $413,550

Assessment History for 1240 Broadway, Brooklyn

Here's the assessment & property tax history for 1240 Broadway, Brooklyn, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate % Base tax Property tax Year over year change
2025/26 $919,000 $413,550 $388,620 10.848% $42,157 $42,157 +0.17%
2024/25 $906,000 $407,700 $391,050 10.762% $42,085 $42,085 +1.33%
2023/24 $888,000 $399,600 $392,130 10.592% $41,534 $41,534 +3.58%
2022/23 $837,000 $376,650 $376,650 10.646% $40,098 $40,098 +7.88%
2021/22 $768,000 $345,600 $345,600 10.755% $37,169 $37,169 -8.08%

Permits for 1240 Broadway, Brooklyn

The complete history of permits filed for 1240 Broadway, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
11/18/2025 Alteration CO
08/20/2024 Alteration CO
09/24/2020 Alteration
08/26/2020 Alteration type 3
08/21/2020 Alteration
07/27/2020 Alteration type 1
07/23/2020 Alteration
08/14/2019 Alteration type 1
02/26/2018 Alteration type 2
07/14/2016 Alteration type 1
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Patchen Ave & Broadway at SW Corner
Station lines J
Distance (miles) 0.15
View subway map
Bus Routes
Name Broadway/Greene Av
Line B47
Distance (miles) 0.02

Neighbors for 1240 Broadway, Brooklyn

Here are the neighbors for 1240 Broadway, Brooklyn, NY 11221.

Address Square feet Purchase date Purchase price
1003 Greene Ave, Brooklyn 61,979 08/14/2014 $10,650,000
732 Greene Ave, Brooklyn 5,548 01/29/2020 $1,650,000
542 Van Buren St, Brooklyn 2,850 07/12/1996
559 Lexington Ave, Brooklyn 2,820 08/18/2023 $10
19 Patchen Ave, Brooklyn 6,500 06/30/2017 $380,255
243 Marcus Garvey Blvd, Brooklyn 05/03/2002
241 Marcus Garvey Blvd, Brooklyn 9,385 02/22/2017 $2,675,000
997 Greene Ave, Brooklyn 8,000 07/11/1978
245 Marcus Garvey Blvd, Brooklyn 1,180 07/12/1999
738 Greene Ave, Brooklyn 3,464 10/19/2001
544 Van Buren St, Brooklyn 2,850 08/13/2010
1005 Greene Ave, Brooklyn 20,000 08/24/2004 $925,000
1220 Broadway, Brooklyn 19,960 11/03/2011 $22,270,000
550 Van Buren St, Brooklyn 5,570 02/08/2024
1224 Broadway, Brooklyn 8,633 10/26/2010 $2,400,000
548 Van Buren St, Brooklyn 2,850 12/17/1998
540 Van Buren St, Brooklyn 06/14/2018
736 Greene Ave, Brooklyn 3,600 04/23/2004 $590,000
552 Van Buren St, Brooklyn 40,445 11/03/2011 $22,270,000
546 Van Buren St, Brooklyn 2,850 10/30/2024 $1,020,000
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