New York City » 11218 » 40th St » 1553 40th St

1553 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 1553 40th St

Property image for 1553 40th Street, Brooklyn, NY 11218

Property type

Two Family Brick (B1)

Year built

1930

Lot sq. ft.

2,395

General information

Address

Primary address

1553 40th Street

Alternate address(es)

1553 Garage 40th St

ZIP code

11218

Neighborhood

Borough Park

Borough

Brooklyn

Block & lot

05365-0056

Building

Property type

Two Family Brick (B1)

Building sq. ft.

2,480

Building dimensions

20 ft x 64 ft

Buildings on lot

Stories

Year built

1930

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Garage type

Detached, Frame Garage

Tax

Tax year

2026-2027

Property tax

$9,982

Tax class

Floor area ratio (FAR)

Commercial FAR

Residential FAR

Buildable area

Zoning & Use

Zoning

Qualified opportunity zone

Residential units

Residential sq. ft.

Commercial units

Office sq. ft.

Retail sq. ft.

Lot

Frontage(s)

40 Street (narrow)

Nearest wide street

39 Street

Distance to wide street

Lot dimensions

25.17 ft x 95.17 ft

Lot sq. ft.

2,395

Area overview

Walk score

83 /100. Very Walkable

Transit score

94 /100. Rider's Paradise

Bike score

64 /100. Bikeable

School district

Community district

Closest police station

0.57 Miles

Closest fire station

0.55 Miles

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

Ownership

Ownership information for 1553 40th Street, Brooklyn, NY

Unlock full ownership info — get contact details, including phone numbers and emails for owners and the real people behind LLCs.

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for 1553 40th Street, Brooklyn, NY 11218

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
10/16/2023 - R 08/15/2023 - D	Deed (2023101300480001)	XXXXXXXX XXXXX	XXXXX XXXXXXXX XXXXXXX
08/25/2020 - R 08/13/2020 - D	Agreement (2020082500594003)	XXXXXXXX XXXXX	XXX XXXXXXXX XXX
08/25/2020 - R 08/13/2020 - D	Mortgage (2020082500594002)	XXXXXXXX XXXXX	XXX XXXXXXXX XXX
08/25/2020 - R 07/27/2020 - D	Assignment, Mortgage (2020082500594001)	XXXX XX XXXXXXX XXX XXXXXXX XXXXX XXX	XXXX XX XXXXXXX XXX XXX XXXXXXXX XXX
01/03/2019 - R 12/27/2018 - D	Mortgage (2019010200249002)	XXXXXXXX XXXXX	XXXX
01/03/2019 - R 12/27/2018 - D	Deed (2019010200249001)	XXXXX XXXXXXXX XX XXXXXXX	XXXXXXXX XXXXX
07/13/2011 - R 06/02/2011 - D	Deed (2011060200667001)	XXXXXX XXXXXXXX	XXXXX XXXXXXXX XXXXXXX
11/17/2009 - R 11/06/2009 - D	Satisfaction of Mortgage (2009110600529001)	XXXXXXXX XXXXXX
11/17/2009 - R 11/02/2009 - D	Assignment, Mortgage (2009110600497001)	XXX XXXX XX XXX XXXX	XXXXX XXXXX XXXX X X
03/10/2000 - R	Assignment, Mortgage (3130007136613)	XXXXXXXXX XXXXXXXX XXXX	XXXX XX XXX XXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1553 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

$9,982

Municipal exemptions

Recent tax assessments

Market value

$1,574,000

Assessed value

$94,440

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	$1,807,000	$108,420	$47,636	19.843%	$9,452	$9,452	+4.72%
2024/25	$1,487,000	$89,220	$44,940	20.085%	$9,026	$9,026	+6.00%
2023/24	$1,310,000	$78,600	$42,398	20.085%	$8,516	$8,516	-1.10%
2022/23	$1,072,000	$64,320	$42,398	20.309%	$8,611	$8,611	+2.89%
2021/22	$1,160,000	$69,600	$41,921	19.963%	$8,369	$8,369	+0.18%
2020/21	$1,406,000	$84,360	$39,697	21.045%	$8,354	$8,354	+5.39%
2019/20	$1,312,000	$78,720	$37,450	21.167%	$7,927	$7,927	+7.25%
2018/19	$1,486,000	$89,160	$35,332	20.919%	$7,391	$7,391	+2.62%
2017/18	$1,256,000	$75,360	$35,332	20.385%	$7,202	$7,202	+3.13%
2016/17	$947,000	$56,820	$34,934	19.991%	$6,984	$6,984	+7.96%

Permits

Permit information for 1553 40th Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

HPD Violations

No recently recorded violations 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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

McDonald Ave & Cortelyou Rd at SW Corner

Station lines

Distance (miles)

0.133

View subway map

Access the detailed traffic volume map for 1553 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	0.26
P.S. 164 Caesar Rodney	7	Yes	Public	PK, K-5	509	0.26
Yeshiva Derech Chaim	NR	No	Private		0	0.05
Yeshiva Chatzar Hakodesh Sanz	NR	No	Private	K-8	0	0.06
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	0.15
Yeshiva Derech Chaim	NR	No	Private		0	0.05
Yeshiva Chatzar Hakodesh Sanz	NR	No	Private	K-8	0	0.06
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	0.12
Urban Assembly School for Leadership and Empowerment	7	No	Public	6-12	495	0.15

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Yeshiva Derech Chaim	NR	No	Private		0	0.05
Yeshiva Machicei Hadas	NR	No	Private	PK, K-12	0	0.09
Yeshiva Shaarei Yosher	NR	No	Private	9-12	101	0.09
Yeshiva Machzikei Hadas	NR	No	Private	PK, K-12	1,028	0.12
Urban Assembly School for Leadership and Empowerment	7	No	Public	6-12	495	0.15
Bobover Yeshiva Bnei Zion-15th Ave	NR	No	Private	PK, K-10	0	0.15

Frequently asked questions

What is the year built for 1553 40th Street, Brooklyn, NY 11218?

The development at 1553 40th Street, Brooklyn, NY 11218 was built in 1930.

What is the total square footage of 1553 40th Street, Brooklyn, NY 11218?

1553 40th Street, Brooklyn, NY 11218 has a total of 2,480 square feet.

What is the assessed value of 1553 40th Street, Brooklyn, NY 11218?

1553 40th Street, Brooklyn, NY 11218 is currently assessed at $94,440.

What are the property taxes for 1553 40th Street, Brooklyn, NY 11218?

The property taxes for 1553 40th Street, Brooklyn, NY 11218 total $9,982.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.