Kings  »  11218  »  39th St  »  1240 39th St

1240 39th Street, Brooklyn, NY 11218 - Property report

Also known as: 1240 39th St

Property image for 1240 39th Street, Brooklyn, NY 11218
static Mapbox map

Property type

Office Only 2-6 Stories (O2)

Year built

2023

Lot sq. ft.

3,807

Sale price

$3,000,000

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
1240 39th Street
Alternate address(es)
1242 39th St
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05293-0021

Owner

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Building
Property type
Office Only 2-6 Stories (O2)
Building sq. ft.
21,743
Buildings on lot
1
Stories
7
Year built
2023
Building material
Sales
Sale date
10/20/2021
Sale price
$3,000,000
Tax
Tax year
2026-2027
Property tax
$22,485
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
40 ft x 95.18 ft
Lot sq. ft.
3,807

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
93 /100.  Rider's Paradise
Bike score
70 /100.  Very Bikeable
School district
15
Community district
12
Closest police station
1.02 Miles
Closest fire station
0.17 Miles

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

Ownership

Ownership information for 1240 39th Street, Brooklyn, NY

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

Sales history for 1240 39th Street, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
10/20/2021 $3,000,000 XXXX XXXXXXXXXX XX XXX XXXXXXX XXXXXX XX XXX
03/28/2018 $1,050,000 XXXXXXX XXXXXX XX XXX XXXXXXX, XXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/10/2025 - R Initial UCC1
(2025010700878006)		 XXXX XXXXXXXXXX XX XXX XXXXX XXXXXXXX XXXX
01/10/2025 - R
12/31/2024 - D		 Assignment of Leases and Rents
(2025010700878005)		 XXXX XXXXXXXXXX XX XXX XXXXX XXXXXXXX XXXX
01/10/2025 - R
12/31/2024 - D		 Agreement
(2025010700878004)		 XXXXX XXXXXXXX XXXX XXXX XXXXXXXXXX XX XXX
01/10/2025 - R
12/31/2024 - D		 Mortgage
(2025010700878003)		 XXXX XXXXXXXXXX XX XXX XXXXX XXXXXXXX XXXX
01/10/2025 - R
12/31/2024 - D		 Termination of Assign of L&R
(2025010700878002)		 XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXX XXXXXXXXXX XX XXX
01/10/2025 - R
12/31/2024 - D		 Assignment, Mortgage
(2025010700878001)		 XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX XXXXX XXXXXXXX XXXX
01/10/2024 - R UCC3 Termination
(2023121900702006)		 XXXX XXXXXXXXXX XX XXX XXXXXXX XXXX
01/10/2024 - R Initial UCC1
(2023121900702005)		 XXXX XXXXXXXXXX XX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/10/2024 - R
12/18/2023 - D		 Assignment of Leases and Rents
(2023121900702004)		 XXXX XXXXXXXXXX XX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
01/10/2024 - R
12/18/2023 - D		 Mortgage Spreader Agreement
(2023121900702003)		 XXXX XXXXXXXXXX XX XXX XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 39th 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
$22,485
Municipal exemptions
Recent tax assessments
Market value
$5,124,000
Assessed value
$2,305,800

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 $4,825,000 $2,171,250 $1,990,080 10.848% $215,884 $18,100 +33.21%
2024/25 $4,780,000 $2,151,000 $1,931,040 10.762% $207,819 $13,588 +59.93%
2023/24 $705,000 $42,300 $42,300 20.085% $8,496 $8,496 -6.03%
2022/23 $742,000 $44,520 $44,520 20.309% $9,042 $9,042 -9.86%
2021/22 $1,530,000 $91,800 $50,250 19.963% $10,031 $10,031 +102.66%
2020/21 $392,000 $23,520 $23,520 21.045% $4,950 $4,950 -8.20%
2019/20 $1,010,000 $60,600 $25,472 21.167% $5,688 $5,392 +7.49%
2018/19 $1,011,000 $60,660 $23,977 20.919% $5,321 $5,016 +9.19%
2017/18 $949,000 $56,940 $22,534 20.385% $4,893 $4,594 +3.57%
2016/17 $837,000 $50,220 $22,186 19.991% $4,745 $4,435 +2.37%
Permits

Permit information for 1240 39th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
09/05/2023 Alteration
08/07/2023 Alteration
08/01/2023 Alteration
07/28/2023 Alteration
05/23/2023 Alteration

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% 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
-

Neighbors for 1240 39th Street, Brooklyn, NY

1228 39th St, Brooklyn 1248 39th St, Brooklyn 1246 39th St, Brooklyn 1220 39th St, Brooklyn 1234 39th St, Brooklyn 1252 39th St, Brooklyn 1254 39th St, Brooklyn 1267 40th St, Brooklyn 1238 39th St, Brooklyn 1236 39th St, Brooklyn 3902 13th Ave, Brooklyn 3910 13th Ave, Brooklyn 1232 39th St, Brooklyn 1224 39th St, Brooklyn 1222 39th St, Brooklyn 1244 39th St, Brooklyn 1250 39th St, Brooklyn 1230 39th St, Brooklyn 1226 39th St, Brooklyn

Nearby ZIP codes for 1240 39th Street, Brooklyn, NY

11201, New York City, NY 11203, New York City, NY 11204, New York City, NY 11205, New York City, NY 11210, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11216, New York City, NY 11217, New York City, NY 11219, New York City, NY 11220, New York City, NY 11223, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11232, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 1240 39th Street, Brooklyn, NY 11218?

The development at 1240 39th Street, Brooklyn, NY 11218 was built in 2023.

What is the market value of 1240 39th Street, Brooklyn, NY 11218?

The current market value of 1240 39th Street, Brooklyn, NY 11218 is $5,124,000.

What is the total square footage of 1240 39th Street, Brooklyn, NY 11218?

1240 39th Street, Brooklyn, NY 11218 has a total of 21,743 square feet.

What is the price per square foot for this property?

$137 per square foot is the price for 1240 39th Street, Brooklyn, NY 11218.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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