The Wave - 40 North 4th Street, Brooklyn, NY 11249 Property Information

Also known as: 157 Kent Ave, Brooklyn, NY 11249

The Wave - 40 North 4th Street, Brooklyn, NY 11249 Property Information

Also known as: 157 Kent Ave, Brooklyn, NY 11249

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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The Wave - 40 North 4th Street, Brooklyn, NY 11249 1
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Address

Building name The Wave
Primary address The Wave - 40 North 4th Street
Secondary address 36-40 N 4th St
Neighborhood Williamsburg
Zip code 11249
Borough Brooklyn
Block & lot 02349-0015

Sales & Tax Overview for 40 North 4th Street, Brooklyn

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

Purchase date 11/18/2010
Purchase price $5,000,000
Tax class
Estimated property tax $990,327

Lot & Building Information for 40 North 4th Street, Brooklyn

Lot sqft 21,300
Lot dimensions 69 ft x 400 ft
Property type Elevator Apartment - Fireproof with Stores (D6)
Building sqft 71,720
Building dimensions 69 ft x 190 ft
Buildings on lot 2
Stories 7
Year built 2012
Construction type
Status
Status date
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Zoning & Use for 40 North 4th Street, Brooklyn

Zoning
Residential units (DOF) 86
Regulated units
Commercial units 3
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 14
Community district 1
Closest police station 0.79 Miles
Closest fire station 0.31 Miles

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

Other Property Data for 40 North 4th Street, Brooklyn

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Floor area ratio (FAR) for The Wave - 40 North 4th Street, Brooklyn, NY 11249, 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 The Wave - 40 North 4th Street, Brooklyn, NY 11249, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 36-40 N 4th St, Brooklyn, NY 11249
  • 157-161 Kent Ave, Brooklyn, NY 11249
  • 230 Wythe Ave, Brooklyn, NY 11249

About 40 North 4th Street, Brooklyn

How many sq. ft. does The Wave - 40 North 4th Street, Brooklyn, NY 11249 have & what is the price per sq. ft?

This Elevator Apartment - Fireproof with Stores (D6) located at The Wave - 40 North 4th Street, Brooklyn, NY 11249 has a total of 71,720 square feet and a current price per square foot of $69.

What is the year built & the current market value of The Wave - 40 North 4th Street, Brooklyn, NY 11249?

The Wave - 40 North 4th Street, Brooklyn, NY 11249 was built in 2012 and has a current tax assessor's market value of $22,440,000.

How many commercial spaces does this building have?

This building has 3 commercial spaces available for lease.

Ownership Information for 40 North 4th Street, Brooklyn

View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.

Property owner name for The Wave - 40 North 4th Street, Brooklyn, NY 11249
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Building contacts for The Wave - 40 North 4th Street, Brooklyn, NY 11249
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Laura Pop-Badiu, Sep 10, 2025 How to Find Comps for Commercial Real Estate: A Step-by-Step GuideĀ 
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Past Sales & Property History for 40 North 4th Street, Brooklyn

Create a free account to view the complete sales history for 40 North 4th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/18/2010 $5,000,000

Title Documents for 40 North 4th Street, 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
09/13/2024 - R UCC3 Continuation
(2024091200879001)
02/19/2020 - R Initial UCC1
(2020021301295001)
02/18/2020 - R UCC3 Termination
(2020021700141003)
02/05/2020 - D
02/18/2020 - R
Assignment of Leases and Rents
(2020021700141006)
02/05/2020 - D
02/18/2020 - R
Agreement
(2020021700141005)
01/28/2020 - D
02/18/2020 - R
Assignment, Mortgage
(2020021700141004)
01/28/2020 - D
02/18/2020 - R
Termination of Assign of L&R
(2020021700141002)
01/28/2020 - D
02/18/2020 - R
Termination of Assign of L&R
(2020021700141001)
04/15/2019 - R UCC3 Continuation
(2019041500055001)
10/10/2014 - R Initial UCC1
(2014100701327001)
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R: Recorded date
D: Document date

Property Taxes for 40 North 4th Street, Brooklyn

Access detailed property tax data for The Wave - The Wave - 40 North 4th Street, Brooklyn, NY 11249. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $723,528
Estimated property tax: $990,327
Tax assessor's market value: $22,440,000
Assessed value: $10,098,000
Exemptions granted by city:

Assessment History for 40 North 4th Street, Brooklyn

Here's the assessment & property tax history for 40 North 4th Street, 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 $22,440,000 $10,098,000 $5,816,610 12.439% $1,199,611 $723,528 +49.01%
2024/25 $21,614,000 $9,726,300 $3,884,508 12.5% $1,199,734 $485,564 +97.42%
2023/24 $21,593,000 $9,716,850 $1,967,310 12.502% $1,191,959 $245,953 +2552.11%
2022/23 $21,475,000 $9,663,750 $75,600 12.267% $1,150,499 $9,274 +0.26%
2021/22 $20,033,000 $9,014,850 $75,600 12.235% $1,102,967 $9,250 -0.26%

Permits for 40 North 4th Street, Brooklyn

The complete history of permits filed for 40 North 4th Street, 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
03/19/2024 Alteration
06/19/2023 Alteration
03/07/2023 Alteration
01/23/2023 Alteration
10/24/2022 Alteration
08/01/2022 Alteration
05/27/2022 Alteration
05/19/2022 Alteration
05/09/2022 Alteration
04/05/2022 Alteration
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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 Q1/2026
$426
-10.8% YoY
Median Price/Sqft Q4/2025
$493
11.7% YoY
Median Price/Sqft 2025
$492
6.6% YoY

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

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 3 (See more on map)

Transportation

Distance to Subway
Closest station Bedford Ave & N 7th St at SE Corner
Station lines L
Distance (miles) 0.285
View subway map
Bus Routes
Name Kent Av/Metropolitan Av
Line B32
Distance (miles) 0.078

Neighbors for 40 North 4th Street, Brooklyn

Here are the neighbors for The Wave - The Wave - 40 North 4th Street, Brooklyn, NY 11249.

Address Square feet Purchase date Purchase price
198 N 4th St, Brooklyn 3,750 03/20/2015 $3,850,000
221 N 4th St, Brooklyn 3,375 10/08/2013
355 Metropolitan Ave, Brooklyn 3,000 05/25/2010
205 Wythe Ave, Brooklyn 04/28/2015
217 N 4th St, Brooklyn 2,700 07/12/1973
78 Havemeyer St, Brooklyn 10,120 02/19/2013 $2,800,000
242 N 5th St, Brooklyn 2,900 01/26/2001
215 N 4th St, Brooklyn 1,920 09/20/2007 $58,100
359 Metropolitan Ave, Brooklyn 3,188 03/02/2023 $3,400,000
224 Wythe Ave, Brooklyn 18,142 10/17/2012 $13,500,000
241 Bedford Ave, Brooklyn 75,294 05/25/2018
365 Metropolitan Ave, Brooklyn 7,724 09/22/2020
234 Wythe Ave, Brooklyn 6,000 10/13/2015
240 Wythe Ave, Brooklyn 68,300 06/22/2000
103 N 3rd St, Brooklyn 101,358 06/30/2025 $55,700,000
367 Metropolitan Ave, Brooklyn 4,600 05/11/2001
644 Driggs Ave, Brooklyn 14,915 09/24/1997
246 N 5th St, Brooklyn 5,625 08/22/2019 $10
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