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

Also known as: 36-40 N 4th St

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

Property type

Elevator Apartment - Fireproof with Stores (D6)

Year built

2012

Lot sq. ft.

21,300

Sale price

$5,000,000

General information

Address

Building name

The Wave

Primary address

The Wave - 40 North 4th Street

Alternate address(es)

157-161 Kent Ave
230 Wythe Ave
36-40 N 4th St

ZIP code

11249

Neighborhood

Williamsburg

Borough

Brooklyn

Block & lot

02349-0015

Building

Property type

Elevator Apartment - Fireproof with Stores (D6)

Building sq. ft.

71,720

Building dimensions

69 ft x 190 ft

Buildings on lot

Stories

Year built

2012

Building material

Sales

Sale date

11/18/2010

Sale price

$5,000,000

Tax

Tax year

2026-2027

Property tax

$990,328

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Office sq. ft.

Retail sq. ft.

Lot

Lot dimensions

69 ft x 400 ft

Lot sq. ft.

21,300

Area overview

Walk score

99 /100. Walker's Paradise

Transit score

98 /100. Rider's Paradise

Bike score

91 /100. Biker's Paradise

School district

Community district

Closest police station

0.79 Miles

Closest fire station

0.31 Miles

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

Ownership

Ownership information for The Wave - 40 North 4th Street, 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 The Wave - 40 North 4th Street, Brooklyn, NY 11249

Sale date	Sale price	Buyer name	Seller name
11/18/2010	$5,000,000	XXXXXXXXX XXXXX XXX	XXXXXXXXXXXXXXXX XXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
09/13/2024 - R	UCC3 Continuation (2024091200879001)	XXXXXXXXX XXXXX XXX	XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
02/19/2020 - R	Initial UCC1 (2020021301295001)	XXXXXXXXX XXXXX XXX	XXXXXXX XXX XXXXXXXX XXXXXXXXXXX
02/18/2020 - R	UCC3 Termination (2020021700141003)	XXXXXXXXX XXXXX XXX	XXXXXXXXX XXXX
02/18/2020 - R 02/05/2020 - D	Assignment of Leases and Rents (2020021700141006)	XXXXXXXXX XXXXX XXX	XXXXXXX XXX
02/18/2020 - R 02/05/2020 - D	Agreement (2020021700141005)	XXXXXXXXX XXXXX XXX	XXXXXXX XXX
02/18/2020 - R 01/28/2020 - D	Assignment, Mortgage (2020021700141004)	XXXXXXXXX XXXX	XXXXXXX XXX
02/18/2020 - R 01/28/2020 - D	Termination of Assign of L&R (2020021700141002)	XXXXXXXXX XXXX	XXXXXXXXX XXXXX XXX
02/18/2020 - R 01/28/2020 - D	Termination of Assign of L&R (2020021700141001)	XXXXXXXXX XXXX	XXXXXXXXX XXXXX XXX
04/15/2019 - R	UCC3 Continuation (2019041500055001)	XXXXXXXXX XXXXX XXX	XXXXXXXXX XXXX
10/10/2014 - R	Initial UCC1 (2014100701327001)	XXXXXXXXX XXXXX XXX	XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for The Wave - 40 North 4th 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

$990,328

Municipal exemptions

Recent tax assessments

Market value

$23,244,000

Assessed value

$10,459,800

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	$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%
2020/21	$21,928,000	$9,867,600	$75,600	12.267%	$1,126,939	$9,274	-1.65%
2019/20	$20,906,000	$9,407,700	$75,600	12.473%	$1,115,329	$9,430	-1.10%
2018/19	$19,867,000	$8,940,150	$75,600	12.612%	$1,103,831	$9,535	-0.84%
2017/18	$20,166,000	$9,074,700	$75,600	12.719%	$1,100,959	$9,616	-92.01%
2016/17	$19,208,000	$8,643,600	$933,236	12.892%	$1,096,929	$120,313	+33.83%

Permits

Permit information for The Wave - 40 North 4th Street, Brooklyn, NY

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

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID	Issue date	Type	Status
	01/27/2023	C-construction other optional
	08/09/2022	P-plumbing none
	03/03/2021	E-elevator

*Most recent DOB violations on record for this property.

Listings

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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

Bedford Ave & N 7th St at SE Corner

Station lines

Distance (miles)

0.285

View subway map

Access the detailed traffic volume map for The Wave - 40 North 4th Street, Brooklyn, NY 11249 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 The Wave - 40 North 4th Street, Brooklyn, NY

198 N 4th St, Brooklyn 221 N 4th St, Brooklyn 355 Metropolitan Ave, Brooklyn 205 Wythe Ave, Brooklyn 217 N 4th St, Brooklyn 78 Havemeyer St, Brooklyn 242 N 5th St, Brooklyn 215 N 4th St, Brooklyn 359 Metropolitan Ave, Brooklyn 224 Wythe Ave, Brooklyn 241 Bedford Ave, Brooklyn 365 Metropolitan Ave, Brooklyn 234 Wythe Ave, Brooklyn 240 Wythe Ave, Brooklyn 103 N 3rd St, Brooklyn 367 Metropolitan Ave, Brooklyn 644 Driggs Ave, Brooklyn 246 N 5th St, Brooklyn

Frequently asked questions

What is the year built for The Wave - 40 North 4th Street, Brooklyn, NY 11249?

The development at The Wave - 40 North 4th Street, Brooklyn, NY 11249 was built in 2012.

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

The current market value of The Wave - 40 North 4th Street, Brooklyn, NY 11249 is $23,244,000.

What is the total square footage of The Wave - 40 North 4th Street, Brooklyn, NY 11249?

The Wave - 40 North 4th Street, Brooklyn, NY 11249 has a total of 71,720 square feet.

What is the price per square foot for this property?

$69 per square foot is the price for The Wave - 40 North 4th Street, Brooklyn, NY 11249.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 3.

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.