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1240 Liberty Avenue, Brooklyn, NY 11208 Property Information

1240 Liberty Avenue, Brooklyn, NY 11208 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 Liberty Avenue, Brooklyn, NY 11208 1
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Address

Primary address 1240 Liberty Avenue
Secondary address 486 Drew St
Neighborhood East New York
Zip code 11208
Borough Brooklyn
Block & lot 04206-0021

Sales & Tax Overview for 1240 Liberty Avenue, Brooklyn

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

Tax class
Estimated property tax $81,386

Lot & Building Information for 1240 Liberty Avenue, Brooklyn

Lot sq. ft. 20,212
Lot dimensions 201.08 ft x 100.5 ft
Property type Banking Facilities with or without Parking (K7)
Building sqft 7,200
Building dimensions 90 ft x 50 ft
Buildings on lot 1
Stories 1
Year built 1960
Construction type
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Zoning & Use for 1240 Liberty Avenue, Brooklyn

Zoning
Commercial units 1
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 19
Community district 5
Closest police station 1.04 Miles
Closest fire station 0.48 Miles

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

Other Property Data for 1240 Liberty Avenue, 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 Liberty Avenue, Brooklyn, NY 11208, 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 Liberty Avenue, Brooklyn, NY 11208, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 486 Drew St, Brooklyn, NY 11208

About 1240 Liberty Avenue, Brooklyn

How many square feet does 1240 Liberty Avenue, Brooklyn, NY 11208 have?

This Banking Facilities with or without Parking (K7) located at 1240 Liberty Avenue, Brooklyn, NY 11208 has a total of 7,200 square feet.

What is the year built & the current market value of 1240 Liberty Avenue, Brooklyn, NY 11208?

1240 Liberty Avenue, Brooklyn, NY 11208 was built in 1960 and has a current tax assessor's market value of $1,714,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1240 Liberty Avenue, Brooklyn

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Property owner name for 1240 Liberty Avenue, Brooklyn, NY 11208
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Building contacts for 1240 Liberty Avenue, Brooklyn, NY 11208
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
In this guide, we’ll walk you step by step through how to build property owner lists inside the PropertyShark platform, how to customize them for your goals and how to avoid common mistakes.
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 1240 Liberty Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 1240 Liberty Avenue, 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
09/25/2008 - D
08/24/2010 - R
Deed
(2010081000732003)
09/25/2008 - D
03/18/2009 - R
NYC Real Property Transfer Tax
(2009031800666001)
03/18/1982 - R Easement
(3220000903922)
           
           
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R: Recorded date
D: Document date

Property Taxes for 1240 Liberty Avenue, Brooklyn

Access detailed property tax data for 1240 Liberty Avenue, Brooklyn, NY 11208. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $75,577
Estimated property tax: $81,386
Tax assessor's market value: $1,714,000
Assessed value: $771,300

Assessment History for 1240 Liberty Avenue, Brooklyn

Here's the assessment & property tax history for 1240 Liberty Avenue, 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 $1,714,000 $771,300 $696,690 10.848% $75,577 $75,577 +2.83%
2024/25 $1,591,000 $715,950 $682,920 10.762% $73,496 $73,496 +3.60%
2023/24 $1,699,000 $764,550 $669,780 10.592% $70,943 $70,943 +3.17%
2022/23 $1,481,000 $666,450 $645,930 10.646% $68,766 $68,766 +13.13%
2021/22 $1,256,000 $565,200 $565,200 10.755% $60,787 $60,787 -9.94%

Permits for 1240 Liberty Avenue, Brooklyn

The complete history of permits filed for 1240 Liberty Avenue, 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
11/05/2018 Alteration type 2
07/22/2009 Sign
07/22/2009 Sign
01/03/2007 Alteration type 2
11/14/2005 Alteration type 2
07/01/2003 Alteration type 2
04/26/2002 Sign
04/26/2002 Sign
04/26/2002 Sign
04/26/2002 Sign
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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: 4 (See more on map)

Transportation

Distance to Subway
Closest station 77th St & Liberty Ave at SE Corner
Station lines A
Distance (miles) 0.171
View subway map
Bus Routes
Name Liberty Av /Drew St
Distance (miles) 0.023

Neighbors for 1240 Liberty Avenue, Brooklyn

Here are the neighbors for 1240 Liberty Avenue, Brooklyn, NY 11208.

Address Square feet Purchase date Purchase price
510 Drew St, Brooklyn 2,280 03/30/2026 $1,100,000
529 Drew St, Brooklyn 2,150 04/12/1985
517 Drew St, Brooklyn 2,604 02/01/2002
183 Forbell St, Brooklyn 1,316 01/21/2026
1237 Glenmore Ave, Brooklyn 2,200 07/02/2020
531 Drew St, Brooklyn 3,225 10/14/2017 $100
1226 Liberty Ave, Brooklyn 2,000 02/08/2016 $450,000
525 Drew St, Brooklyn 2,150 02/07/2002
521 Drew St, Brooklyn 2,150 04/13/1995
181 Forbell St, Brooklyn 1,760 06/17/2022 $800,000
519 Drew St, Brooklyn 2,220 02/10/2000
1222 Liberty Ave, Brooklyn 2,000 06/07/2024 $1,250,000
1242 Liberty Ave, Brooklyn 11,777 06/20/1975
1218 Liberty Ave, Brooklyn 3,290 07/23/2019
185 Forbell St, Brooklyn 1,896 02/07/2005 $440,000
1233 Glenmore Ave, Brooklyn 1,632 01/21/2026
1224 Liberty Ave, Brooklyn 2,000 12/17/2025 $1,250,000
1220 Liberty Ave, Brooklyn 2,000 07/17/2024
189 Forbell St, Brooklyn 2,100 08/23/2001
191 Forbell St, Brooklyn 1,392 08/04/2003 $250,000
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