New York City » 11218 » 40th St » 1118 40th St

1118 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 1118 40th St

Property image for 1118 40th Street, Brooklyn, NY 11218

Property type

Three Families (C0)

Year built

1901

Lot sq. ft.

2,003

Sale price

$1,500,000

General information

Address

Primary address

1118 40th Street

ZIP code

11218

Neighborhood

Borough Park

Borough

Brooklyn

Block & lot

05588-0015

Building

Property type

Three Families (C0)

Building sq. ft.

2,352

Building dimensions

20 ft x 43 ft

Buildings on lot

Stories

Year built

1901

Building material

Frame

Exterior wall

Aluminum/Vinyl

Basement

Sales

Sale date

02/20/2024

Sale price

$1,500,000

Tax

Tax year

2026-2027

Property tax

$7,593

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

Fort Hamilton Parkway

Distance to wide street

Lot dimensions

20 ft x 100.17 ft

Lot sq. ft.

2,003

Area overview

Walk score

92 /100. Walker's Paradise

Transit score

90 /100. Rider's Paradise

Bike score

73 /100. Very Bikeable

School district

Community district

Closest police station

1.11 Miles

Closest fire station

0.12 Miles

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

Ownership

Ownership information for 1118 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 1118 40th Street, Brooklyn, NY 11218

Sale date	Sale price	Buyer name	Seller name
02/20/2024	$1,500,000	XXXXXX, XXXXXXXXX XXX XXXXXX, XXXX	XXXXXXXXXXX, XXXXXX XXX XXXXXXXXXXX, XXXXXX
12/29/2016	$995,000	XXXXXXXXXXX, XXXXXX XXX XXXXXXXXXXX, XXXXXX	XXXXXXX XXXXXXXX, XX XXXXXXX XXX XXXXXX XXXXXXXX XXXXXX XXXXX XXX XXXXX XXXXXXXXXXX, XX XXXXXXX
04/02/2014	$660,000	XXXXXXXX, XX XXXXXXX, XXXXXXX XXX XXXXXX XXXXXXXX XXXXXX XXXXX XXX XXXXXXXXXXX, XX XXXXXXX, XXXXX	XXXXXXXXX, XXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
03/19/2024 - R 03/13/2024 - D	Satisfaction of Mortgage (2024031800527001)	XXXXXXXXXXX XXXXXX	XX XXXXXXXXX XXXX X X
02/27/2024 - R 02/20/2024 - D	Mortgage (2024022700451002)	XXXXXX XXXXXXXXX	XXXX
02/27/2024 - R 02/20/2024 - D	Deed (2024022700451001)	XXXXXXXXXXX XXXXXX	XXXXXX XXXXXXXXX
01/31/2017 - R 01/20/2017 - D	Satisfaction of Mortgage (2017012000835001)	XXXXXXXXX XXXXX	XXXX XX XXXXXXX X X
01/26/2017 - R 01/17/2017 - D	Satisfaction of Mortgage (2017012401710001)	XXXXXXXXX XXXXX	XXXX XX XXXXXXX X X
01/09/2017 - R 12/29/2016 - D	Mortgage (2017010600358002)	XXXXXXXXXXX XXXXXX	XXXX
01/09/2017 - R 12/29/2016 - D	Deed (2017010600358001)	XXXXXXX XXXXXXXX XX XXXXXXX	XXXXXXXXXXX XXXXXX
04/28/2014 - R 04/02/2014 - D	Deed (2014040901349001)	XXXXXXXXX XXXXX	XXXXXXXX XX XXXXXXX XXXXXXX
01/29/2008 - R 08/31/2007 - D	Deed (2007092001680001)	XXXXX XXXXXXX	XXXXXXXXX XXXXX
10/10/2007 - R 08/31/2007 - D	Mortgage (2007092001348001)	XXXXXXXXX XXXXX	XXXX XX XXXXXXX XX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1118 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

$7,593

Municipal exemptions

Recent tax assessments

Market value

$1,744,000

Assessed value

$104,640

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	$1,516,000	$90,960	$38,263	19.843%	$7,593	$7,593	+4.67%
2024/25	$1,380,000	$82,800	$36,116	20.085%	$7,254	$7,254	+0.91%
2023/24	$1,407,000	$84,420	$35,792	20.085%	$7,189	$7,189	+4.77%
2022/23	$1,200,000	$72,000	$33,785	20.309%	$6,861	$6,861	+7.80%
2021/22	$1,214,000	$72,840	$31,886	19.963%	$6,365	$6,365	-5.15%
2020/21	$1,133,000	$67,980	$31,886	21.045%	$6,710	$6,710	+5.33%
2019/20	$1,013,000	$60,780	$30,097	21.167%	$6,371	$6,371	+2.10%
2018/19	$1,283,000	$76,980	$29,827	20.919%	$6,240	$6,240	+8.72%
2017/18	$813,000	$48,780	$28,154	20.385%	$5,739	$5,739	+8.04%
2016/17	$852,000	$51,120	$26,572	19.991%	$5,312	$5,312	+2.23%

Permits

Permit information for 1118 40th Street, Brooklyn, NY

Filing date	Job type	Job status	Job description	Initial cost
06/22/2000	Alteration type 3

*Most recent permit 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
	06/06/2025	A
	11/27/2024	I

*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

FEMA flood zones

Hurricane evacuation zones

Subway & traffic

Closest station

New Utrecht Ave & 44th St at NE Corner

Station lines

Distance (miles)

0.186

View subway map

Access the detailed traffic volume map for 1118 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. 230 Doris L Cohen	7	Yes	Public	PK, K-5	969	0.58
P.S. 230 Doris L Cohen	7	Yes	Public	PK, K-5	969	0.58
St. Catharine of Alexandria	NR	No	Private	PK, K-8	0	0.12
St. Catharine of Alexandria	NR	No	Private	PK, K-8	0	0.12
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.14
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.14
P.S. 131	6	No	Public	PK, K-5	583	0.16
P.S. 131	6	No	Public	PK, K-5	583	0.16
Mesivta Tiferes Elimelech	NR	No	Private		0	0.21

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	0.69
St. Catharine of Alexandria	NR	No	Private	PK, K-8	0	0.12
Bais Ymkov Migeh Schoenberger	NR	No	Private	PK, K-8	0	0.14
Mesivta Tiferes Elimelech	NR	No	Private		0	0.21
Yeshivas Boyan Tiferes Mordechai Shlomo	NR	No	Private	PK, K-8	239	0.21
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.23

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
West Brooklyn Community High School	3	No	Public	10-12	161	0.10
Yeshiva Imrei Phi	NR	No	Private	9-12	0	0.12
Yeshiva Mesivta Chernobil	NR	No	Private	9-12	74	0.12
Kerem Shlomo	NR	No	Private	10-11	0	0.13
Mesivta Tiferes Elimelech	NR	No	Private		0	0.21
Bnos Margulia Viznitz	NR	No	Private	PK-12	679	0.23

Frequently asked questions

What is the year built for 1118 40th Street, Brooklyn, NY 11218?

The development at 1118 40th Street, Brooklyn, NY 11218 was built in 1901.

What is the total square footage of 1118 40th Street, Brooklyn, NY 11218?

1118 40th Street, Brooklyn, NY 11218 has a total of 2,352 square feet.

When was 1118 40th Street, Brooklyn, NY 11218 last sold and what was the sale price?

1118 40th Street, Brooklyn, NY 11218 was last sold on 02/20/2024 for $1,500,000.

What is the assessed value of 1118 40th Street, Brooklyn, NY 11218?

1118 40th Street, Brooklyn, NY 11218 is currently assessed at $104,640.

What are the property taxes for 1118 40th Street, Brooklyn, NY 11218?

The property taxes for 1118 40th Street, Brooklyn, NY 11218 total $7,592.

How many residential units does this building have?

This building has 3 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.