New York City  »  11218  »  40th St  »  1168 40th St

1168 40th Street, Brooklyn, NY 11218 Property Information

Also known as: 4002 Twelfth Ave, Brooklyn, NY 11218

1168 40th Street, Brooklyn, NY 11218 Property Information

Also known as: 4002 Twelfth Ave, Brooklyn, NY 11218

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1168 40th Street, Brooklyn, NY 11218 1
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Address

Primary address 1168 40th Street
Secondary address 4002 12th Ave
Neighborhood Borough Park
Zip code 11218
Borough Brooklyn
Block & lot 05588-0040

Sales & Tax Overview for 1168 40th Street, Brooklyn

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

Purchase date 09/24/2015
Purchase price $1,300,000
Tax class
Estimated property tax $7,188

Lot & Building Information for 1168 40th Street, Brooklyn

Lot sqft 2,003
Lot dimensions 20 ft x 100.17 ft
Building class Primarily Two Family with One Store or Office (S2) i
Building sqft 3,300
Building dimensions 20 ft x 55 ft
Buildings on lot 1
Stories 3
Year built 1930
Construction type
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Zoning & Use for 1168 40th Street, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 15
Community district 12
Closest police station 1.06 Miles
Closest fire station 0.09 Miles

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

Other Property Data for 1168 40th 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 1168 40th 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 1168 40th 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.

  • 4002 12th Ave, Brooklyn, NY 11218

About 1168 40th Street, Brooklyn

How many square feet does 1168 40th Street, Brooklyn, NY 11218 have?

This Primarily Two Family with One Store or Office (S2) located at 1168 40th Street, Brooklyn, NY 11218 has a total of 3,300 square feet.

What is the year built & the current market value of 1168 40th Street, Brooklyn, NY 11218?

1168 40th Street, Brooklyn, NY 11218 was built in 1930 and has a current tax assessor's market value of $1,277,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1168 40th Street, Brooklyn

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Property owner name for 1168 40th Street, Brooklyn, NY 11218
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Building contacts for 1168 40th Street, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1168 40th Street, Brooklyn

Create a free account to view the complete sales history for 1168 40th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
09/24/2015 $1,300,000

Title Documents for 1168 40th 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
12/03/2020 - R UCC3 Termination
(2020102801041003)
10/28/2020 - D
12/03/2020 - R
Termination of Assign of L&R
(2020102801041002)
10/28/2020 - D
12/03/2020 - R
Satisfaction of Mortgage
(2020102801041001)
10/02/2020 - D
10/19/2020 - R
Mortgage
(2020100801267002)
10/02/2020 - D
10/19/2020 - R
Deed
(2020100801267001)
08/11/2020 - R UCC3 Continuation
(2020062600402001)
11/03/2015 - D
11/12/2015 - R
Termination of Assign of L&R
(2015110501013001)
11/03/2015 - D
11/12/2015 - R
Satisfaction of Mortgage
(2015110500572001)
10/22/2015 - D
12/16/2015 - R
Deed
(2015102300998001)
10/06/2015 - R Initial UCC1
(2015100100652003)
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R: Recorded date
D: Document date

Property Taxes for 1168 40th Street, Brooklyn

Access detailed property tax data for 1168 40th 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: $6,782
Estimated property tax: $7,188
Tax assessor's market value: $1,277,000
Assessed value: $76,620

Assessment History for 1168 40th Street, Brooklyn

Here's the assessment & property tax history for 1168 40th 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 $1,277,000 $76,620 $34,180 19.843% $6,782 $6,782 +4.72%
2024/25 $1,273,000 $76,380 $32,246 20.085% $6,477 $6,477 0.00%
2023/24 $1,307,000 $78,420 $32,246 20.085% $6,477 $6,477 -0.34%
2022/23 $1,273,000 $76,380 $31,999 20.309% $6,499 $6,499 +7.83%
2021/22 $1,172,000 $70,320 $30,191 19.963% $6,027 $6,027 +0.55%

Permits for 1168 40th Street, Brooklyn

The complete history of permits filed for 1168 40th 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.

No recorded permits for this property.

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 Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% 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

Distance to Subway
Closest station New Utrecht Ave & 44th St at NE Corner
Station lines D
Distance (miles) 0.252
View subway map
Bus Routes
Name 39 ST/12 Av
Line B35
Distance (miles) 0.068

Neighbors for 1168 40th Street, Brooklyn

Here are the neighbors for 1168 40th Street, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
4018 12th Ave, Brooklyn 6,470 07/26/1990
1149 41st St, Brooklyn 2,919 02/20/2009
1160 40th St, Brooklyn 01/22/2018 $1,625,000
1154 40th St, Brooklyn 2,550 11/30/1999
1171 41st St, Brooklyn 5,764 06/10/1999
1153 41st St, Brooklyn 2,544 03/29/2001
1150 40th St, Brooklyn 2,238 08/18/2004
4024 12th Ave, Brooklyn 3,600 06/14/2014 $3,100,000
1141 41st St, Brooklyn 2,056 05/26/2004
1164 40th St, Brooklyn 07/12/2016 $990,000
1158 40th St, Brooklyn 2,278 06/25/2018
1156 40th St, Brooklyn 2,462 10/13/1970
1155 41st St, Brooklyn 2,544 04/27/1998
1123 41st St, Brooklyn 2,248 03/28/2007 $765,000
1162 40th St, Brooklyn 07/12/2016 $1,610,000
1152 40th St, Brooklyn 2,238 05/21/2024
1148 40th St, Brooklyn 3,834 06/17/2015
1137 41st St, Brooklyn 2,288 11/19/1998
1166 40th St, Brooklyn 2,970 06/08/1999
1125 41st St, Brooklyn 3,100 03/02/1987
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