Kings  »  11221  »  Bushwick Ave  »  1040 Bushwick Ave

1040 Bushwick Avenue, Brooklyn, NY 11221 - Property report

Also known as: 1040 Bushwick Ave

Property image for 1040 Bushwick Avenue, Brooklyn, NY 11221
static Mapbox map

Property type

Over Six Families without Stores (C1)

Year built

1924

Lot sq. ft.

15,000

General information

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Address
Primary address
1040 Bushwick Avenue
Alternate address(es)
1040-1050 Bushwick Ave
1127-1137 Gates Ave
ZIP code
11221
Neighborhood
Bushwick
Borough
Brooklyn
Block & lot
03330-0025

Owner

Find out who owns 1040 Bushwick Avenue, Brooklyn, NY 11221. Uncover corporate and individual owners with a free account.

Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
56,250
Building dimensions
100 ft x 140 ft
Buildings on lot
1
Stories
5
Year built
1924
Last altered
1987
Building material
Tax
Tax year
2026-2027
Property tax
$192,668
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
63
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100 ft x 150 ft
Lot sq. ft.
15,000

Area overview

Walk score
87 /100.  Very Walkable
Transit score
96 /100.  Rider's Paradise
Bike score
77 /100.  Very Bikeable
School district
32
Community district
4
Closest police station
0.16 Miles
Closest fire station
0.49 Miles

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

Ownership

Ownership information for 1040 Bushwick Avenue, Brooklyn, NY

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

Sales history for 1040 Bushwick Avenue, Brooklyn, NY 11221

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/17/2025 - R UCC3 Termination
(2025010700884004)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X
01/17/2025 - R
12/30/2024 - D		 Agreement
(2025010700884003)		 XXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXX X X
01/17/2025 - R
12/30/2024 - D		 Mortgage
(2025010700884002)		 XXXXXX XXXXXXXXXXX XXXXXXXX XXXXX XXXX X X
01/17/2025 - R
12/30/2024 - D		 Assignment, Mortgage
(2025010700884001)		 XXXXXXXXX XXXX X X XXXXXXXX XXXXX XXXX X X
08/07/2024 - R UCC3 Continuation
(2024080700273001)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X
07/25/2019 - R UCC3 Continuation
(2019072500861001)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X
12/29/2014 - R UCC3 Termination
(2014121700328002)		 XXXXXX XXXXXXXXXXX XXXXXX XXX
12/16/2014 - R Initial UCC1
(2014120901268001)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X
12/29/2014 - R
12/05/2014 - D		 Agreement
(2014121700328005)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X
12/29/2014 - R
12/05/2014 - D		 Mortgage
(2014121700328004)		 XXXXXX XXXXXXXXXXX XXXXXXXXX XXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1040 Bushwick Avenue, 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
$192,668
Municipal exemptions
Recent tax assessments
Market value
$3,442,000
Assessed value
$1,548,900

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 $3,405,000 $1,532,250 $1,532,250 12.439% $190,597 $190,597 +9.59%
2024/25 $3,092,000 $1,391,400 $1,391,400 12.5% $173,925 $173,925 -10.65%
2023/24 $3,693,000 $1,661,850 $1,557,000 12.502% $194,656 $194,656 +7.27%
2022/23 $3,876,000 $1,744,200 $1,479,240 12.267% $181,458 $181,458 +9.81%
2021/22 $3,102,000 $1,395,900 $1,350,670 12.235% $165,254 $165,254 +4.31%
2020/21 $3,718,000 $1,673,100 $1,291,450 12.267% $158,422 $158,422 +8.19%
2019/20 $2,911,000 $1,309,950 $1,173,998 12.473% $146,433 $146,433 +4.31%
2018/19 $2,829,000 $1,273,050 $1,113,069 12.612% $140,380 $140,380 +4.64%
2017/18 $2,447,450 $1,101,352 $1,054,750 12.719% $134,154 $134,154 +2.80%
2016/17 $2,444,000 $1,099,800 $1,012,230 12.892% $130,497 $130,497 +4.63%
Permits

Permit information for 1040 Bushwick Avenue, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
01/06/2015 Alteration type 2
09/19/2013 Alteration type 2
08/01/2005 Alteration type 3

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
10/27/2021 Aeuhaz1-fail to certify class 1
01/06/2021 Aeuhaz1-fail to certify class 1 none
05/03/2017 Bench-failure to benchmark

*Most recent DOB violations on record for this property.

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Linden St & Broadway at NW Corner
Station lines
J-Z
Distance (miles)
0.109
View subway map

Access the detailed traffic volume map for 1040 Bushwick Avenue, Brooklyn, NY 11221 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 1040 Bushwick Avenue, Brooklyn, NY

1028 Bushwick Ave, Brooklyn 36 Linden St, Brooklyn 1349 Broadway, Brooklyn 64 Linden St, Brooklyn 32 Linden St, Brooklyn 28 Linden St, Brooklyn 1367 Broadway, Brooklyn 1357 Broadway, Brooklyn 30 Linden St, Brooklyn 22 Linden St, Brooklyn 1083 Gates Ave, Brooklyn 60 Linden St, Brooklyn 34 Linden St, Brooklyn 1089 Gates Ave, Brooklyn 26 Linden St, Brooklyn 20 Linden St, Brooklyn 1087 Gates Ave, Brooklyn 24 Linden St, Brooklyn 1091 Gates Ave, Brooklyn 1363 Broadway, Brooklyn

Nearby ZIP codes for 1040 Bushwick Avenue, Brooklyn, NY

11101, New York City, NY 11104, New York City, NY 11203, New York City, NY 11205, New York City, NY 11206, New York City, NY 11207, New York City, NY 11211, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11217, New York City, NY 11222, New York City, NY 11225, New York City, NY 11226, New York City, NY 11233, New York City, NY 11237, New York City, NY 11238, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY

Frequently asked questions

What is the year built for 1040 Bushwick Avenue, Brooklyn, NY 11221?

The development at 1040 Bushwick Avenue, Brooklyn, NY 11221 was built in 1924.

What is the total square footage of 1040 Bushwick Avenue, Brooklyn, NY 11221?

1040 Bushwick Avenue, Brooklyn, NY 11221 has a total of 56,250 square feet.

What is the assessed value of 1040 Bushwick Avenue, Brooklyn, NY 11221?

1040 Bushwick Avenue, Brooklyn, NY 11221 is currently assessed at $1,548,900.

What are the property taxes for 1040 Bushwick Avenue, Brooklyn, NY 11221?

The property taxes for 1040 Bushwick Avenue, Brooklyn, NY 11221 total $192,667.

How many residential units does this building have?

This building has 63 residential unit(s).

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