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541 East 40th Street, Brooklyn, NY 11203 Property Information

541 East 40th Street, Brooklyn, NY 11203 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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541 East 40th Street, Brooklyn, NY 11203 2
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Address

Primary address 541 East 40th Street
Secondary address 541 Garage E 40th St
Neighborhood East Flatbush
Zip code 11203
Borough Brooklyn
Block & lot 04957-0059

Sales & Tax Overview for 541 East 40th Street, Brooklyn

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

Purchase date 11/28/2022
Purchase price $670,000
Tax class
Estimated property tax $6,542

Lot & Building Information for 541 East 40th Street, Brooklyn

Lot sqft 3,042
Lot dimensions 30.42 ft x 100 ft
Building class Two Family Converted from One Family (B3) i
Building sqft 1,406
Building dimensions 18 ft x 30 ft
Buildings on lot 2
Stories 3
Structure type Old style
Building material Frame
Exterior wall Composition
Basement type Full
Garage type Detached, frame garage
Year built 1920
Frontage(s) East 40 Street (narrow)
Nearest wide street Albany Avenue
Distance to wide street
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Zoning & Use for 541 East 40th Street, Brooklyn

Zoning
Residential units (DOF) 2
Residential sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 18
Community district 17
Closest police station 0.99 Miles
Closest fire station 0.72 Miles

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

Other Property Data for 541 East 40th Street, Brooklyn

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Floor area ratio (FAR) for 541 East 40th Street, Brooklyn, NY 11203, 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 541 East 40th Street, Brooklyn, NY 11203, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 541 Garage E 40th St, Brooklyn, NY 11203

About 541 East 40th Street, Brooklyn

What is the year built & the total sq. ft. for 541 East 40th Street, Brooklyn, NY 11203?

541 East 40th Street, Brooklyn, NY 11203 was built in 1920 and has a total of 1,406 square feet.

What is the assessed value of 541 East 40th Street, Brooklyn, NY 11203 and the property tax paid?

Assessed at $47,220, the tax amount paid for 541 East 40th Street, Brooklyn, NY 11203 is $6,542. For the next year, the tax amount for 541 East 40th Street, Brooklyn, NY 11203 is estimated at $6,542.

When was 541 East 40th Street, Brooklyn, NY 11203 last sold and what was the last sale price?

541 East 40th Street, Brooklyn, NY 11203 was last sold in 11/28/2022 for $670,000.

How many residential units does this building have?

This building has 2 residential unit(s).

Ownership Information for 541 East 40th Street, Brooklyn

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Property owner name for 541 East 40th Street, Brooklyn, NY 11203
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Building contacts for 541 East 40th Street, Brooklyn, NY 11203
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M
New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.
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Past Sales & Property History for 541 East 40th Street, Brooklyn

Create a free account to view the complete sales history for 541 East 40th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
11/28/2022 $670,000

Title Documents for 541 East 40th Street, 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
11/28/2022 - D
12/01/2022 - R
Mortgage
(2022112901091002)
11/28/2022 - D
12/01/2022 - R
Deed
(2022112901091001)
12/05/2016 - D
12/30/2016 - R
Deed
(2016121601056002)
05/19/2016 - D
12/30/2016 - R
Power of Attorney
(2016121601056001)
01/06/2004 - D
03/22/2004 - R
Satisfaction of Mortgage
(2004010601510001)
11/27/2002 - R Assignment, Mortgage
(3710009010271)
01/17/1991 - R Satisfaction of Mortgage
(3730001593273)
09/19/1986 - R Mortgage
(3940001198994)
08/29/1983 - R Assignment, Mortgage
(3540000975054)
02/11/1983 - D
03/08/2004 - R
Assignment, Mortgage
(2004010900270001)
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R: Recorded date
D: Document date

Property Taxes for 541 East 40th Street, Brooklyn

Access detailed property tax data for 541 East 40th Street, Brooklyn, NY 11203. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $6,542
Estimated property tax: $6,542
Tax assessor's market value: $787,000
Assessed value: $47,220

Assessment History for 541 East 40th Street, Brooklyn

Here's the assessment & property tax history for 541 East 40th Street, 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 $787,000 $47,220 $32,970 19.843% $6,542 $6,542 -0.45%
2024/25 $703,000 $42,180 $32,720 20.085% $6,572 $6,572 +6.00%
2023/24 $710,000 $42,600 $30,869 20.085% $6,200 $6,200 +10.36%
2022/23 $620,000 $37,200 $27,662 20.309% $5,914 $5,618 +8.10%
2021/22 $512,000 $30,720 $26,035 19.963% $5,485 $5,197 -5.26%

Permits for 541 East 40th Street, Brooklyn

The complete history of permits filed for 541 East 40th Street, 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.

No recorded permits for this property.

East Flatbush Residential Market Stats

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

Median Sale Price
$590,000
-5.4% YoY
Median Price/Sqft
$451
5.3% YoY
Brooklyn Median Sale Price
$839,000
6.2% 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: 6 (See more on map)

Transportation

Distance to Subway
Closest station Nostrand Ave & Newkirk Ave at SE Corner
Station lines 2-5
Distance (miles) 0.521
View subway map
Bus Routes
Name Av D/E 40 St
Line B8
Distance (miles) 0.061

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
P.S. 208 Elsa Ebeling 7 Yes Public PK, K-5 266 0.42
P.S. 208 Elsa Ebeling 7 Yes Public PK, K-5 266 0.42
St. Therese of Lisieux School NR No Private PK, K-8 0 0.20
St. Therese of Lisieux School NR No Private PK, K-8 0 0.20
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.24

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Is 285 Meyer Levin 6 Yes Public 6-8 552 1.01
St. Therese of Lisieux School NR No Private PK, K-8 0 0.20
St Catherine Genoa-St Therese Lisieu NR No Private PK-8 199 0.24
P.S. 109 4 No Public PK, K-8 520 0.53
Great Oaks Elementary School NR No Private K-8 116 0.55

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Cristo Rey Brooklyn High School NR No Private 9-12 302 0.26
Cristo Rey Brooklyn High School NR No Private 9-12 297 0.26
Catherine Mc Auley High School NR No Private 9-12 185 0.27
New Vistas Academy NR No Private K-12 66 0.61
Excelsior Elementary School NR No Private 6-12 131 0.64

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 541 East 40th Street, Brooklyn

Here are the neighbors for 541 East 40th Street, Brooklyn, NY 11203.

Address Square feet Purchase date Purchase price
529 E 40th St, Brooklyn 1,264 05/18/2020 $450,000
525 E 40th St, Brooklyn 1,264 12/16/2016 $480,000
4005 Avenue D, Brooklyn 2,160 12/04/2023 $850,000
535 E 40th St, Brooklyn 1,715 05/08/2020
533 E 40th St, Brooklyn 1,248 11/28/2023 $619,000
527 E 40th St, Brooklyn 1,264 06/20/2023
4011 Avenue D, Brooklyn 2,160 12/03/2021
4013 Avenue D, Brooklyn 2,160 05/24/1983
547 E 40th St, Brooklyn 1,406 01/04/2017
537-539 E 40th St, Brooklyn 2,640 02/11/1982
519 E 40th St, Brooklyn 1,280 09/30/1977
515 E 40th St, Brooklyn 1,264 03/14/2013 $320,000
549 E 40th St, Brooklyn 1,894 09/15/1988
4001 Avenue D, Brooklyn 2,160 01/18/2023
517 E 40th St, Brooklyn 1,264 10/06/2023 $10
555 E 40th St, Brooklyn 2,200 07/29/1983
521 E 40th St, Brooklyn 1,520 03/08/2006 $465,000
559 E 40th St, Brooklyn 1,780 09/14/1988
4007 Avenue D, Brooklyn 2,160 02/26/1985
4017 Avenue D, Brooklyn 2,160 06/03/2020
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