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1240 39th Street, Brooklyn, NY 11218 Property Information

1240 39th Street, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 39th Street, Brooklyn, NY 11218 1
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Address

Primary address 1240 39th Street
Secondary address 1242 39th St
Neighborhood Borough Park
Zip code 11218
Borough Brooklyn
Block & lot 05293-0021

Sales & Tax Overview for 1240 39th Street, Brooklyn

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

Purchase date 10/20/2021
Purchase price $3,000,000
Tax class
Estimated property tax $25,843

Lot & Building Information for 1240 39th Street, Brooklyn

Lot sq. ft. 3,807
Lot dimensions 40 ft x 95.18 ft
Property type Office Only 2-6 Stories (O2)
Building sqft 21,743
Buildings on lot 1
Stories 7
Year built 2023
Construction type
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Zoning & Use for 1240 39th Street, Brooklyn

Zoning
Commercial units 1
Office sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 12
Closest police station 1.02 Miles
Closest fire station 0.17 Miles

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

Other Property Data for 1240 39th Street, Brooklyn

New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:

Floor area ratio (FAR) for 1240 39th Street, 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 39th Street, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 1242 39th St, Brooklyn, NY 11218

About 1240 39th Street, Brooklyn

How many sq. ft. does 1240 39th Street, Brooklyn, NY 11218 have & what is the price per sq. ft?

This Office Only 2-6 Stories (O2) located at 1240 39th Street, Brooklyn, NY 11218 has a total of 21,743 square feet and a current price per square foot of $137.

What is the year built & the current market value of 1240 39th Street, Brooklyn, NY 11218?

1240 39th Street, Brooklyn, NY 11218 was built in 2023 and has a current tax assessor's market value of $4,825,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1240 39th Street, Brooklyn

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Property owner name for 1240 39th Street, Brooklyn, NY 11218
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Building contacts for 1240 39th Street, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Dec 11, 2025 How to Build Property Owner Lists: Steps, Pro Tips & What to Avoid
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Past Sales & Property History for 1240 39th Street, Brooklyn

Create a free account to view the complete sales history for 1240 39th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
10/20/2021 $3,000,000
03/28/2018 $1,050,000
       
       
       
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Title Documents for 1240 39th 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
01/10/2025 - R Initial UCC1
(2025010700878006)
12/31/2024 - D
01/10/2025 - R
Assignment of Leases and Rents
(2025010700878005)
12/31/2024 - D
01/10/2025 - R
Agreement
(2025010700878004)
12/31/2024 - D
01/10/2025 - R
Mortgage
(2025010700878003)
12/31/2024 - D
01/10/2025 - R
Termination of Assign of L&R
(2025010700878002)
12/31/2024 - D
01/10/2025 - R
Assignment, Mortgage
(2025010700878001)
01/10/2024 - R UCC3 Termination
(2023121900702006)
01/10/2024 - R Initial UCC1
(2023121900702005)
12/18/2023 - D
01/10/2024 - R
Assignment of Leases and Rents
(2023121900702004)
12/18/2023 - D
01/10/2024 - R
Mortgage Spreader Agreement
(2023121900702003)
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R: Recorded date
D: Document date

Property Taxes for 1240 39th Street, Brooklyn

Access detailed property tax data for 1240 39th Street, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $16,519
Estimated property tax: $25,843
Tax assessor's market value: $4,825,000
Assessed value: $2,171,250

Assessment History for 1240 39th Street, Brooklyn

Here's the assessment & property tax history for 1240 39th 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 $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%

Permits for 1240 39th Street, Brooklyn

The complete history of permits filed for 1240 39th 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.

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
03/16/2023 Alteration
03/08/2023 Alteration
02/15/2023 Alteration
01/18/2023 Alteration
01/17/2023 Alteration
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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 Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% 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

Bus Routes
Name 39 ST/13 Av
Line B35
Distance (miles) 0.041

Neighbors for 1240 39th Street, Brooklyn

Here are the neighbors for 1240 39th Street, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
1228 39th St, Brooklyn 2,292 03/15/2005
1248 39th St, Brooklyn 2,292 06/15/2021 $975,000
1246 39th St, Brooklyn 2,292 09/16/2024 $1,250,000
1220 39th St, Brooklyn 2,292 02/01/1986
1234 39th St, Brooklyn 2,292 10/21/2013 $650,000
1252 39th St, Brooklyn 2,292 03/12/2024 $1,150,000
1254 39th St, Brooklyn 2,292 07/01/2019
1267 40th St, Brooklyn 1,800 05/06/2022 $2,150,000
1238 39th St, Brooklyn 2,292 01/20/2010
1236 39th St, Brooklyn 2,292 06/08/1977
3902 13th Ave, Brooklyn 04/30/2013 $2,900,000
1274 39th St, Brooklyn 15,550
1232 39th St, Brooklyn 3,372 05/07/2015 $850,000
1224 39th St, Brooklyn 5,252 05/01/2018 $970,000
1222 39th St, Brooklyn 2,292 03/20/1997
1244 39th St, Brooklyn 2,292 05/22/2002
1250 39th St, Brooklyn 2,292 01/06/2026
1230 39th St, Brooklyn 2,292 06/22/2021
1226 39th St, Brooklyn 2,292 12/08/2008 $580,000
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