New York City » 11203 » E 40th St » 556 E 40th St

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

Also known as: 556 E 40th St

Property image for 556 East 40th Street, Brooklyn, NY 11203

Property type

Two Family Converted from One Family (B3)

Year built

1920

Lot sq. ft.

2,000

General information

Address

Primary address

556 East 40th Street

ZIP code

11203

Neighborhood

East Flatbush

Borough

Brooklyn

Block & lot

04956-0036

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

1,280

Building dimensions

16 ft x 36 ft

Buildings on lot

Stories

Year built

1920

Building material

Frame

Exterior wall

Composition

Basement

Tax

Tax year

2026-2027

Property tax

$6,067

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

East 40 Street (narrow)

Nearest wide street

Avenue D

Distance to wide street

Lot dimensions

20 ft x 100 ft

Lot sq. ft.

2,000

Area overview

Walk score

68 /100. Somewhat Walkable

Transit score

89 /100. Excellent Transit

Bike score

62 /100. Bikeable

School district

Community district

Closest police station

0.97 Miles

Closest fire station

0.69 Miles

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

Ownership

Ownership information for 556 East 40th 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 556 East 40th Street, Brooklyn, NY 11203

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
11/05/2025 - R 10/02/2025 - D	Mortgage and Consolidation (2025110400187001)	XXXXXXXXX XXXXXXX	XXX X XXXXXXXXXXX XXXXX
10/17/2024 - R 10/04/2024 - D	Assignment, Mortgage (2024101500050001)	XXXXXX XXX	XXX X XXXXXXXXXXX XXXXX
11/07/2022 - R 11/03/2022 - D	Assignment, Mortgage (2022110700513001)	XXXXX XXXXX XXXX X X	XXXXXXXXXXX XXXX XXXXXXXXX XXX
03/16/2017 - R 03/13/2017 - D	Satisfaction of Mortgage (2017031600046001)	XXXXXXXXX XXXXXXX	XXXXX XXXX XXXXXX XXXXXXX XXXX
03/13/2017 - R 02/27/2017 - D	Mortgage (2017030800722002)	XXXXXXXXX XXXXXXX	XXXXX XXXXX XXXX X X
03/13/2017 - R 02/27/2017 - D	Deed (2017030800722001)	XXXXXXXXX XXXXXXX	XXXXXXXXX XXXXXXX
03/12/2015 - R 02/09/2015 - D	Assignment, Mortgage (2015030900189001)	XXXXX XXXX XXXXXXXXX XXX	XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
03/31/2014 - R 03/06/2014 - D	Assignment, Mortgage (2014031001095001)	XXXX XXXXXXXX XXX	XXXXX XXXX XXXXXXXXX XXX
07/28/1999 - R	Assignment, Mortgage (3800006714680)	XXXXXXXX XXX	XXXX XXXXXXXX XXXXXXXXXXX
05/01/1996 - R	Assignment, Mortgage (3900005169090)	XXXXX XXXX XXXXXX XXXXXXX XXXX	XXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 556 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

$6,067

Municipal exemptions

Recent tax assessments

Market value

$705,000

Assessed value

$42,300

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	$634,000	$38,040	$30,482	19.843%	$6,049	$6,049	+4.72%
2024/25	$655,000	$39,300	$28,757	20.085%	$5,776	$5,776	+6.00%
2023/24	$673,000	$40,380	$27,130	20.085%	$5,449	$5,449	-0.16%
2022/23	$602,000	$36,120	$26,873	20.309%	$5,458	$5,458	+7.31%
2021/22	$566,000	$33,960	$25,478	19.963%	$5,086	$5,086	-4.86%
2020/21	$527,000	$31,620	$25,402	21.045%	$5,346	$5,346	+5.39%
2019/20	$478,000	$28,680	$23,964	21.167%	$5,072	$5,072	+7.25%
2018/19	$429,000	$25,740	$22,608	20.919%	$4,729	$4,729	+3.60%
2017/18	$389,000	$23,340	$22,394	20.385%	$4,565	$4,565	+7.55%
2016/17	$443,000	$26,580	$21,232	19.991%	$4,244	$4,244	+2.54%

Permits

Permit information for 556 East 40th Street, Brooklyn, NY

No recently recorded permits for this property.

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Violations

HPD Violations

No recently recorded violations for this property.

Neighborhood

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

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

Nostrand Ave & Newkirk Ave at SE Corner

Station lines

2-5

Distance (miles)

0.488

View subway map

Access the detailed traffic volume map for 556 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. 198	5	Yes	Public	PK, K-5	293	0.34
P.S. 198	5	Yes	Public	PK, K-5	293	0.34
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.23
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.23
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.26
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.26
Phyl's Academy Prep	NR	No	Private	PK-5	180	0.40
P.S. 208 Elsa Ebeling	7	No	Public	PK, K-5	266	0.45
P.S. 208 Elsa Ebeling	7	No	Public	PK, K-5	266	0.45
P.S. 361 East Flatbush Early Childhood School	3	No	Public	PK, K-5	396	0.52

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Andries Hudde School	3	Yes	Public	6-8	423	1.32
St. Therese of Lisieux School	NR	No	Private	PK, K-8	0	0.23
St Catherine Genoa-St Therese Lisieu	NR	No	Private	PK-8	199	0.26
P.S. 109	4	No	Public	PK, K-8	520	0.53
P.S. 181	5	No	Public	PK, K-8	554	0.54
Central Brooklyn Ascend Charter	8	No	Charter	K-8	778	0.55
Great Oaks Elementary School	NR	No	Private	K-8	116	0.56
St. Jerome School	NR	No	Private	PK, K-8	302	0.56
St. Vincent Ferrer School	NR	No	Private	PK, K-8	0	0.58

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Cristo Rey Brooklyn High School	NR	No	Private	9-12	297	0.23
Cristo Rey Brooklyn High School	NR	No	Private	9-12	302	0.23
Catherine Mc Auley High School	NR	No	Private	9-12	185	0.23
New Vistas Academy	NR	No	Private	K-12	66	0.58
New Vistas Academy	NR	No	Private	1-12	0	0.61
Cultural Academy For The Arts And Sciences	3	No	Public	9-12	232	0.95
Kurt Hahn Expeditionary Learning School	1	No	Public	9-12	152	0.95
It Takes A Village Academy	3	No	Public	9-12	308	0.95
Midwood High School	7	No	Public	9-12	4,062	1.00

Frequently asked questions

What is the year built for 556 East 40th Street, Brooklyn, NY 11203?

The development at 556 East 40th Street, Brooklyn, NY 11203 was built in 1920.

What is the total square footage of 556 East 40th Street, Brooklyn, NY 11203?

556 East 40th Street, Brooklyn, NY 11203 has a total of 1,280 square feet.

What is the assessed value of 556 East 40th Street, Brooklyn, NY 11203?

556 East 40th Street, Brooklyn, NY 11203 is currently assessed at $42,300.

What are the property taxes for 556 East 40th Street, Brooklyn, NY 11203?

The property taxes for 556 East 40th Street, Brooklyn, NY 11203 total $6,066.

How many residential units does this building have?

This building has 2 residential unit(s).

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.