New York City  »  11218  »  40th St  »  1201 40th St

1201 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 3917 12th Ave

Property image for 1201 40th Street, Brooklyn, NY 11218
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Property type

Primarily Two Family with One Store or Office (S2)

Year built

1899

Lot sq. ft.

1,903

Sale price

$605,000

General information

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Address
Primary address
1201 40th Street
Alternate address(es)
3917 12th Ave
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05293-0071

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
5,000
Building dimensions
20 ft x 49 ft
Buildings on lot
1
Stories
3
Year built
1899
Building material
Sales
Sale date
11/19/2010
Sale price
$605,000
Tax
Tax year
2026-2027
Property tax
$9,427
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20 ft x 95.17 ft
Lot sq. ft.
1,903

Area overview

Walk score
91 /100.  Walker's Paradise
Transit score
92 /100.  Rider's Paradise
Bike score
71 /100.  Very Bikeable
School district
15
Community district
12
Closest police station
1.07 Miles
Closest fire station
0.12 Miles

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

Ownership

Ownership information for 1201 40th 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 1201 40th Street, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
11/19/2010 $605,000 XXXXXXXX, XXXXXX XXXXXX, XXXXX
06/30/2007 $850,000 XXXXXX, XXXXX XXXXXX, XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
01/27/2022 - R
12/30/2021 - D		 Agreement
(2022012100489001)		 XXXXXXXX XXXXXX XXX XXXX XXX
01/19/2022 - R
12/30/2021 - D		 Mortgage
(2022011200939003)		 XXXXXXXX XXXXXX XXX XXXX XXX
01/19/2022 - R
12/22/2021 - D		 Assignment, Mortgage
(2022011200939002)		 XXX XXXX XXX XXX XXXX XXX
01/19/2022 - R
12/17/2021 - D		 Assignment, Mortgage
(2022011200939001)		 XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX XXX XXXX XXX
01/15/2019 - R
01/08/2019 - D		 Satisfaction of Mortgage
(2019010900528001)		 XXXXXXXX XXXXXX XX XXXX X X
12/28/2018 - R
12/18/2018 - D		 Mortgage
(2018122600881001)		 XXXXXXXX XXXXXX X XXXX
04/22/2011 - R
02/23/2011 - D		 Mortgage
(2011041101154001)		 XXXXXXXX XXXXXX XX XXXX X X
12/02/2010 - R
11/23/2010 - D		 Satisfaction of Mortgage
(2010112300044001)		 XXXXXXX XXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXX XXX
12/02/2010 - R
11/23/2010 - D		 Satisfaction of Mortgage
(2010112300006001)		 XXXXXX XXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XX X
11/24/2010 - R
11/19/2010 - D		 Deed
(2010112201206001)		 XXXXXX XXXXX XXXXXXXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1201 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
$9,427
Municipal exemptions
Recent tax assessments
Market value
$3,005,000
Assessed value
$180,300

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 $3,039,000 $182,340 $47,117 19.843% $9,349 $9,349 +4.69%
2024/25 $2,624,000 $157,440 $44,464 20.085% $8,931 $8,931 +5.98%
2023/24 $2,824,000 $169,440 $41,956 20.085% $8,427 $8,427 +4.81%
2022/23 $2,217,000 $133,020 $39,590 20.309% $8,040 $8,040 +1.74%
2021/22 $2,080,000 $124,800 $39,590 19.963% $7,903 $7,903 -4.36%
2020/21 $1,510,000 $90,600 $39,264 21.045% $8,263 $8,263 +5.36%
2019/20 $1,313,000 $78,780 $37,053 21.167% $7,843 $7,843 +7.23%
2018/19 $1,094,000 $65,640 $34,963 20.919% $7,314 $7,314 +8.75%
2017/18 $1,020,000 $61,200 $32,992 20.385% $6,725 $6,725 +1.97%
2016/17 $850,000 $51,000 $32,992 19.991% $6,595 $6,595 +3.08%
Permits

Permit information for 1201 40th Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
08/28/2013 Aeuhaz1-fail to certify class 1

*Most recent DOB violation on record 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
-

Subway & traffic

Closest station
New Utrecht Ave & 44th St at NE Corner
Station lines
D
Distance (miles)
0.285
View subway map

Access the detailed traffic volume map for 1201 40th Street, Brooklyn, NY 11218 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

Neighbors for 1201 40th Street, Brooklyn, NY

1215 40th St, Brooklyn 1217 40th St, Brooklyn 3807 12th Ave, Brooklyn 3801 12th Ave, Brooklyn 1207 40th St, Brooklyn 1209 40th St, Brooklyn 1213 40th St, Brooklyn 3803 12th Ave, Brooklyn 1219 40th St, Brooklyn 3809 12th Ave, Brooklyn 3805 12th Ave, Brooklyn 1203 40th St, Brooklyn 1211 40th St, Brooklyn 1216 38th St, Brooklyn 1205 40th St, Brooklyn 1221 40th St, Brooklyn 3817 12th Ave, Brooklyn 3815 12th Ave, Brooklyn 3813 12th Ave, Brooklyn 3811 12th Ave, Brooklyn

Nearby ZIP codes for 1201 40th 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 1201 40th Street, Brooklyn, NY 11218?

The development at 1201 40th Street, Brooklyn, NY 11218 was built in 1899.

What is the market value of 1201 40th Street, Brooklyn, NY 11218?

The current market value of 1201 40th Street, Brooklyn, NY 11218 is $3,005,000.

What is the total square footage of 1201 40th Street, Brooklyn, NY 11218?

1201 40th Street, Brooklyn, NY 11218 has a total of 5,000 square feet.

What is the price per square foot for this property?

$121 per square foot is the price for 1201 40th 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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