New York City  »  11218  »  40th St  »  1538 40th St

1538 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 1538 40th St

Property image for 1538 40th Street, Brooklyn, NY 11218
static Mapbox map

Property type

Four Families (C3)

Year built

1930

Lot sq. ft.

2,855

General information

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Address
Primary address
1538 40th Street
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05364-0024

Owner

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Building
Property type
Four Families (C3)
Building sq. ft.
4,056
Building dimensions
24 ft x 78 ft
Buildings on lot
1
Stories
3
Year built
1930
Last altered
2007
Exterior wall
None
Basement
N
Tax
Tax year
2026-2027
Property tax
$19,939
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
4
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
40 Street (narrow)
Nearest wide street
39 Street
Distance to wide street
Lot dimensions
28.5 ft x 100.17 ft
Lot sq. ft.
2,855

Area overview

Walk score
83 /100.  Very Walkable
Transit score
94 /100.  Rider's Paradise
Bike score
64 /100.  Bikeable
School district
20
Community district
12
Closest police station
0.59 Miles
Closest fire station
0.52 Miles

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

Ownership

Ownership information for 1538 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 1538 40th Street, Brooklyn, NY 11218

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
09/04/2019 - R
09/03/2019 - D		 Satisfaction of Mortgage
(2019090400376001)		 XXXXXXX XXXXXXX XXXX XX XXXXXXX X X
08/30/2019 - R
08/27/2019 - D		 Assignment, Mortgage
(2019082800574001)		 XXX XXXXXXX XXX XXXXXXX
08/30/2019 - R
08/21/2019 - D		 Assignment, Mortgage
(2019082800574002)		 XXX XXXXXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
07/20/2011 - D
04/19/2004 - R		 Agreement
(2003120600244003)		 XXX XXXXXXX XXXXXXX XXXXXXX
04/20/2011 - D
04/19/2004 - R		 Assignment, Mortgage
(2003120600244001)		 XXXXX XXXXX XXXX XXXXXXXX XXX XXX XXXXXXX
08/16/2006 - R
06/20/2006 - D		 Satisfaction of Mortgage
(2006071201227001)		 XXXXXXX XXXXXXX XXXXXXXX XX
07/07/2006 - R
05/24/2006 - D		 Mortgage
(2006061501645001)		 XXXXXXX XXXXX XXXXXXXX X X
05/24/2005 - R
03/11/2005 - D		 Agreement
(2005051900550001)		 XXXXXXX XXXXX XXXX XX XXXXXXX
05/24/2005 - R
03/11/2005 - D		 Mortgage
(2005051900533001)		 XXXXXXX XXXXX XXXX XX XXXXXXX XX
05/24/2005 - R
03/02/2005 - D		 Assignment, Mortgage
(2005051900577001)		 XXXX XXX XXXX XX XXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1538 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
$19,939
Municipal exemptions
Recent tax assessments
Market value
$1,298,000
Assessed value
$584,100

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 $1,082,000 $486,900 $151,758 12.439% $18,877 $18,877 +6.09%
2024/25 $1,146,000 $515,700 $142,346 12.5% $17,793 $17,793 +0.21%
2023/24 $955,000 $429,750 $142,020 12.502% $17,755 $17,755 +10.07%
2022/23 $1,194,000 $537,300 $131,502 12.267% $16,131 $16,131 +6.93%
2021/22 $1,062,000 $477,900 $123,302 12.235% $15,086 $15,086 +5.35%
2020/21 $1,031,000 $463,950 $116,737 12.267% $14,320 $14,320 +4.85%
2019/20 $859,200 $386,640 $109,497 12.473% $13,658 $13,658 -0.87%
2018/19 $716,000 $322,200 $109,246 12.612% $13,778 $13,778 +7.09%
2017/18 $619,000 $278,550 $101,155 12.719% $12,866 $12,866 +5.22%
2016/17 $561,000 $252,450 $94,848 12.892% $12,228 $12,228 +5.70%
Permits

Permit information for 1538 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
04/12/2006 Alteration type 3
08/16/2005 Alteration type 1
02/11/2003 Alteration type 2
12/23/2002 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

HPD Violations

Violation ID Inspection date Class NOV issue date Status
05/01/2026 A
11/19/2025 I
06/06/2025 A

*Most recent HPD violations on record for this property.

Neighborhood

Borough Park residential market stats

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

Median sale price

$999,000

-0.1% Y-o-Y

Median price/sq. ft.

$858

7.4% Y-o-Y

Brooklyn median sale price

$899,000

6% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
McDonald Ave & Cortelyou Rd at SW Corner
Station lines
F
Distance (miles)
0.17
View subway map

Access the detailed traffic volume map for 1538 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
P.S. 164 Caesar Rodney 7 Yes Public PK, K-5 509 0.22
P.S. 164 Caesar Rodney 7 Yes Public PK, K-5 509 0.22
Yeshiva Chatzar Hakodesh Sanz NR No Private K-8 0 0.08
Yeshiva Derech Chaim NR No Private 0 0.08
Yeshiva Machicei Hadas NR No Private PK, K-12 0 0.09
Yeshiva Machicei Hadas NR No Private PK, K-12 0 0.09
Gan Yisroel NR No Private PK, K-8 0 0.09
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Jhs 223 The Montauk 6 Yes Public 6-8 702 0.13
Yeshiva Chatzar Hakodesh Sanz NR No Private K-8 0 0.08
Yeshiva Derech Chaim NR No Private 0 0.08
Yeshiva Machicei Hadas NR No Private PK, K-12 0 0.09
Gan Yisroel NR No Private PK, K-8 0 0.09
Yeshiva Machzikei Hadas NR No Private PK, K-12 1,028 0.11
Urban Assembly School for Leadership and Empowerment 7 No Public 6-12 495 0.13
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Yeshiva Derech Chaim NR No Private 0 0.08
Yeshiva Shaarei Yosher NR No Private 9-12 101 0.09
Yeshiva Machicei Hadas NR No Private PK, K-12 0 0.09
Yeshiva Machzikei Hadas NR No Private PK, K-12 1,028 0.11
Bobover Yeshiva Bnei Zion-15th Ave NR No Private PK, K-10 0 0.12
Urban Assembly School for Leadership and Empowerment 7 No Public 6-12 495 0.13

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for 1538 40th Street, Brooklyn, NY

1540 40th St, Brooklyn 1526 40th St, Brooklyn 1514 40th St, Brooklyn 1554 40th St, Brooklyn 1562 40th St, Brooklyn 4023 15th Ave, Brooklyn 1572 40th St, Brooklyn 1522 40th St, Brooklyn 4017 15th Ave, Brooklyn 1560 40th St, Brooklyn 1566 40th St, Brooklyn 4013 15th Ave, Brooklyn 1546 40th St, Brooklyn 1548 40th St, Brooklyn 1568 40th St, Brooklyn 1536 40th St, Brooklyn 4015 15th Ave, Brooklyn 4021 15th Ave, Brooklyn 1556 40th St, Brooklyn 1530 40th St, Brooklyn

Nearby ZIP codes for 1538 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 1538 40th Street, Brooklyn, NY 11218?

The development at 1538 40th Street, Brooklyn, NY 11218 was built in 1930.

What is the total square footage of 1538 40th Street, Brooklyn, NY 11218?

1538 40th Street, Brooklyn, NY 11218 has a total of 4,056 square feet.

What is the assessed value of 1538 40th Street, Brooklyn, NY 11218?

1538 40th Street, Brooklyn, NY 11218 is currently assessed at $584,100.

What are the property taxes for 1538 40th Street, Brooklyn, NY 11218?

The property taxes for 1538 40th Street, Brooklyn, NY 11218 total $19,938.

How many residential units does this building have?

This building has 4 residential unit(s).

Disclaimer

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