New York City  »  11203  »  E 40th St  »  162 E 40th St

162 East 40th Street, Brooklyn, NY 11203 - Property report

Also known as: 162 Garage E 40th St

Property image for 162 East 40th Street, Brooklyn, NY 11203
static Mapbox map

Property type

Two Family Brick (B1)

Year built

1920

Lot sq. ft.

2,000

Sale price

$845,000

General information

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Address
Primary address
162 East 40th Street
Alternate address(es)
162 Garage E 40th St
ZIP code
11203
Neighborhood
East Flatbush
Borough
Brooklyn
Block & lot
04876-0029

Owner

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Building
Property type
Two Family Brick (B1)
Building sq. ft.
2,080
Building dimensions
16 ft x 65 ft
Buildings on lot
2
Stories
2
Year built
1920
Building material
Brick
Exterior wall
Brick/Masonary
Basement
4
Garage type
Detached, Frame Garage
Sales
Sale date
05/20/2026
Sale price
$845,000
Tax
Tax year
2026-2027
Property tax
$7,678
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
East 40 Street (narrow)
Nearest wide street
Church Avenue
Distance to wide street
Lot dimensions
20 ft x 100 ft
Lot sq. ft.
2,000

Area overview

Walk score
87 /100.  Very Walkable
Transit score
89 /100.  Excellent Transit
Bike score
52 /100.  Bikeable
School district
18
Community district
17
Closest police station
0.93 Miles
Closest fire station
0.60 Miles

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

Ownership information for 162 East 40th Street, Brooklyn, NY

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

Sales history for 162 East 40th Street, Brooklyn, NY 11203

Sale date Sale price Buyer name Seller name
05/20/2026 $845,000 XXXXXXX, XXXX XXX XXXXX, XXXXXX XXXXXXXXX, XXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/11/2026 - R
06/05/2026 - D
Satisfaction of Mortgage
(2026060800309001)
XXXXXXXXX XXXXXX XXXXX XXXXXXXX XXXX XX XXXXXXX
06/04/2026 - R
05/20/2026 - D
Mortgage
(2026052600821002)
XXXXXXX XXXX XXXXXXXXX XXXXXXX XXX
06/04/2026 - R
05/20/2026 - D
Deed
(2026052600821001)
XXXXXXXXX XXXXXX XXXXXXX XXXX
05/05/2014 - R
07/31/2013 - D
Mortgage and Consolidation
(2014031300034001)
XXXXXXXXX XXXXXX XXXX XXXX XXX XX
03/07/2012 - R
02/23/2012 - D
Assignment, Mortgage
(2012022401377001)
XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XX X XXXX XXXX XXX XXXXXXXX XXXXXXXXXXX
04/02/2007 - R
03/07/2007 - D
Satisfaction of Mortgage
(2007022300750001)
XXXXXXXXX XXXXXX XXXXX XXXX XXXXXXX XXX
02/02/2007 - R
01/12/2007 - D
Mortgage
(2007012100080002)
XXXXXXXXX XXXXXX
02/02/2007 - R
01/12/2007 - D
Power of Attorney
(2007012100080001)
XXXXXXXXX XXXXXX XXXXXXXXX XXXXXXX X
10/30/1998 - R Assignment, Mortgage
(3670006308167)
XXXXXXXXXXXX XXXXXXXX XXXXXXX XXXX XXXXX XXXXXXXXX XXXXXXXX XXXXXXXXXXX
10/30/1998 - R Assignment, Mortgage
(3820006308182)
XXXXXXXX XXXXXXXX XXX XXXXXXXXXXXX XXXXXXXX XXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 162 East 40th 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
$7,678
Municipal exemptions
Recent tax assessments
Market value
$1,125,000
Assessed value
$67,500

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 $1,069,000 $64,140 $37,572 19.843% $7,455 $7,455 +4.72%
2024/25 $1,011,000 $60,660 $35,446 20.085% $7,119 $7,119 +6.00%
2023/24 $1,069,000 $64,140 $33,440 20.085% $6,716 $6,716 +2.56%
2022/23 $932,000 $55,920 $32,246 20.309% $6,549 $6,549 +1.74%
2021/22 $898,000 $53,880 $32,246 19.963% $6,437 $6,437 -2.31%
2020/21 $816,000 $48,960 $31,310 21.045% $6,589 $6,589 +5.38%
2019/20 $649,000 $38,940 $29,539 21.167% $6,253 $6,253 +7.26%
2018/19 $603,000 $36,180 $27,867 20.919% $5,829 $5,829 +6.42%
2017/18 $551,000 $33,060 $26,872 20.385% $5,478 $5,478 +1.97%
2016/17 $545,000 $32,700 $26,872 19.991% $5,372 $5,372 +5.29%

Permit information for 162 East 40th Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

HPD Violations

No recently recorded violations for this property.

East Flatbush, Farragut residential market stats

Access a detailed real estate market overview of East Flatbush, Farragut so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in East Flatbush, Farragut and compare it to other neighborhoods in Brooklyn.

Median sale price

Median price/sq. ft.

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Nostrand Ave & Church Ave at SE Corner
Station lines
2-5
Distance (miles)
0.48

Access the detailed traffic volume map for 162 East 40th Street, Brooklyn, NY 11203 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 235 Janice Marie Knight School 7 Yes Public PK, K-8 952 0.22
P.S. 235 Janice Marie Knight School 7 Yes Public PK, K-8 952 0.22
Bryans Educational Center NR No Private PK-K 66 0.05
Bryans Educational Center NR No Private PK-K 66 0.05
Preschool Minds Day Care Center NR No Private K 0 0.31
Battalion Christian Academy NR No Private PK-5 174 0.37
Battalion Christian Academy NR No Private PK-5 174 0.37
P.S. 181 5 No Public PK, K-8 554 0.39
P.S. 181 5 No Public PK, K-8 554 0.39
P.S. 135 Sheldon A Brookner 5 No Public PK, K-5 308 0.40
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Middle School of Media Law and Fine Arts (The) 4 Yes Public 6-8 180 0.78
P.S. 235 Janice Marie Knight School 7 No Public PK, K-8 952 0.22
Excelsior Elementary School NR No Private 6-12 131 0.27
P.S. 181 5 No Public PK, K-8 554 0.39
High School for Public Service-Heroes of Tomorrow 5 No Public 8-12 452 0.54
League School NR No Private K-9 113 0.55
Learning Dynamics Academy NR No Private PK, K-7 0 0.59
Darchai Menachem School-Boys NR No Private 3-12 106 0.62
Explore Charter School 7 No Charter K-8 519 0.66
Parkside Preparatory Academy 5 No Public 6-8 311 0.66
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Excelsior Elementary School NR No Private 6-12 131 0.27
Brooklyn Institute for Liberal Arts 5 No Public 9-12 479 0.54
School For Human Rights 2 No Public 9-12 184 0.54
High School for Public Service-Heroes of Tomorrow 5 No Public 8-12 452 0.54
Darchai Menachem School-Boys NR No Private 3-12 106 0.62
Bnos Chomesh NR No Private 10-12 37 0.62
Bnos Chomesh Academy NR No Private 10-12 39 0.62
Bnos Chomesh Academy NR No Private 10-12 39 0.62
P.S. 141 NR No Public PK, K-10, 12 385 0.66
Achievement First Crown Heights Charter School 6 No Charter K-12 1,339 0.74

Data provided by GreatSchools.org © 2026. All rights reserved.

Frequently asked questions

What is the year built for 162 East 40th Street, Brooklyn, NY 11203?

The development at 162 East 40th Street, Brooklyn, NY 11203 was built in 1920.

What is the total square footage of 162 East 40th Street, Brooklyn, NY 11203?

162 East 40th Street, Brooklyn, NY 11203 has a total of 2,080 square feet.

When was 162 East 40th Street, Brooklyn, NY 11203 last sold and what was the sale price?

162 East 40th Street, Brooklyn, NY 11203 was last sold on 05/20/2026 for $845,000.

What is the assessed value of 162 East 40th Street, Brooklyn, NY 11203?

162 East 40th Street, Brooklyn, NY 11203 is currently assessed at $67,500.

What are the property taxes for 162 East 40th Street, Brooklyn, NY 11203?

The property taxes for 162 East 40th Street, Brooklyn, NY 11203 total $7,678.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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