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1240 Prospect Avenue, Brooklyn, NY 11218 Property Information

1240 Prospect Avenue, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 Prospect Avenue, Brooklyn, NY 11218 1
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Address

Primary address 1240 Prospect Avenue
Neighborhood Windsor Terrace
Zip code 11218
Borough Brooklyn
Block & lot 05274-0121

Sales & Tax Overview for 1240 Prospect 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 $5,730

Lot & Building Information for 1240 Prospect Avenue, Brooklyn

Lot sqft 1,875
Lot dimensions 12.5 ft x 150 ft
Building class Primarily One Family with One Store or Office (S1) i
Building sqft 1,370
Building dimensions 12.5 ft x 55 ft
Buildings on lot 1
Stories 2
Year built 1899
Construction type
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Zoning & Use for 1240 Prospect Avenue, Brooklyn

Zoning
Residential units (DOF) 1
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 7
Closest police station 1.31 Miles
Closest fire station 0.11 Miles

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

Other Property Data for 1240 Prospect Avenue, Brooklyn

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Floor area ratio (FAR) for 1240 Prospect Avenue, Brooklyn, NY 11218, 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 Prospect Avenue, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 1240 Prospect Avenue, Brooklyn

How many square feet does 1240 Prospect Avenue, Brooklyn, NY 11218 have?

This Primarily One Family with One Store or Office (S1) located at 1240 Prospect Avenue, Brooklyn, NY 11218 has a total of 1,370 square feet.

What is the year built & the current market value of 1240 Prospect Avenue, Brooklyn, NY 11218?

1240 Prospect Avenue, Brooklyn, NY 11218 was built in 1899 and has a current tax assessor's market value of $1,722,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1240 Prospect Avenue, Brooklyn

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Property owner name for 1240 Prospect Avenue, Brooklyn, NY 11218
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Building contacts for 1240 Prospect Avenue, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1240 Prospect Avenue, Brooklyn

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No recorded sales for this property.

Title Documents for 1240 Prospect 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
05/14/2021 - R UCC3 Continuation
(2021051000765001)
09/27/2016 - R Initial UCC1
(2016092600969001)
09/22/2016 - D
09/28/2016 - R
Assignment of Leases and Rents
(2016092600922002)
09/22/2016 - D
09/28/2016 - R
Mortgage
(2016092600922001)
09/13/2016 - D
09/28/2016 - R
Satisfaction of Mortgage
(2016092600949001)
11/13/2014 - D
12/29/2014 - R
Deed
(2014112400414001)
03/29/2006 - D
04/03/2006 - R
Deed
(2006032901438001)
08/07/2001 - R Assignment, Mortgage
(3090007767709)
07/06/1999 - R Mortgage
(3560006676156)
02/24/1999 - D
07/06/1999 - R
Deed
(3560006676856)
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R: Recorded date
D: Document date

Property Taxes for 1240 Prospect Avenue, Brooklyn

Access detailed property tax data for 1240 Prospect Avenue, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $5,406
Estimated property tax: $5,730
Tax assessor's market value: $1,722,000
Assessed value: $103,320

Assessment History for 1240 Prospect Avenue, Brooklyn

Here's the assessment & property tax history for 1240 Prospect 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 $1,722,000 $103,320 $27,246 19.843% $5,406 $5,406 -1.20%
2024/25 $1,758,000 $105,480 $27,246 20.085% $5,472 $5,472 +1.72%
2023/24 $1,690,000 $101,400 $26,784 20.085% $5,380 $5,380 +3.84%
2022/23 $1,327,000 $79,620 $25,510 20.309% $5,181 $5,181 +7.84%
2021/22 $1,136,000 $68,160 $24,066 19.963% $4,804 $4,804 +0.54%

Permits for 1240 Prospect Avenue, Brooklyn

The complete history of permits filed for 1240 Prospect 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
07/03/2015 Alteration type 3
05/20/2015 Alteration type 3
05/20/2015 Alteration type 3
06/01/2004 Alteration type 3
         
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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 Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

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

Risk

FEMA flood zone(s): X (See more on map)

Transportation

Distance to Subway
Closest station Prospect Ave & Reeve Pl at SE Corner
Station lines F
Distance (miles) 0.035
View subway map
Bus Routes
Name Prospect Pk Sw/Reeve Pl
Line B68
Distance (miles) 0.192

Neighbors for 1240 Prospect Avenue, Brooklyn

Here are the neighbors for 1240 Prospect Avenue, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
604 Vanderbilt St, Brooklyn 3,192 02/23/2011 $900,000
618 Vanderbilt St, Brooklyn 1,237 01/23/1996
1274 Prospect Ave, Brooklyn 4,089 12/29/1988
1272 Prospect Ave, Brooklyn 3,105 02/13/2025
602 Vanderbilt St, Brooklyn 2,941 08/21/2020 $2,500,000
614 Vanderbilt St, Brooklyn 1,237 03/11/1976
616 Vanderbilt St, Brooklyn 1,237 01/31/2014 $899,000
1292 Prospect Ave, Brooklyn 2,870 07/11/1966
1286 Prospect Ave, Brooklyn 2,268 12/06/2010
1280 Prospect Ave, Brooklyn 4,050 03/09/1999
606 Vanderbilt St, Brooklyn 2,940 11/03/2008
608 Vanderbilt St, Brooklyn 1,761 07/07/2011 $675,000
1288 Prospect Ave, Brooklyn 3,544 07/24/2013
1268 Prospect Ave, Brooklyn 1,440 02/21/2008
610 Vanderbilt St, Brooklyn 1,761 03/17/2008
1270 Prospect Ave, Brooklyn 2,068 01/19/2016 $1,144,500
620 Vanderbilt St, Brooklyn 1,237 05/23/1975
622 Vanderbilt St, Brooklyn 1,958 07/23/2004
1290 Prospect Ave, Brooklyn 1,716 05/15/2001
1276 Prospect Ave, Brooklyn 3,000 07/07/2010 $800,000
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