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

1168 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 4002 12th Ave

Property image for 1168 40th Street, Brooklyn, NY 11218
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1930

Lot sq. ft.

2,003

Sale price

$1,300,000

General information

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Address
Primary address
1168 40th Street
Alternate address(es)
4002 12th Ave
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05588-0040

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
3,300
Building dimensions
20 ft x 55 ft
Buildings on lot
1
Stories
3
Year built
1930
Building material
Sales
Sale date
09/24/2015
Sale price
$1,300,000
Tax
Tax year
2026-2027
Property tax
$7,189
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 100.17 ft
Lot sq. ft.
2,003

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
1.06 Miles
Closest fire station
0.09 Miles

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

Ownership

Ownership information for 1168 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 1168 40th Street, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
09/24/2015 $1,300,000 XXXXX, XXXXX XXX XXXXX, XXXXXX XXXXXXX, XXXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/03/2020 - R UCC3 Termination
(2020102801041003)		 XXXXX XXXXX XXXXXXXX XXXX
12/03/2020 - R
10/28/2020 - D		 Termination of Assign of L&R
(2020102801041002)		 XXXXXXXX XXXX XXXXX XXXXX
12/03/2020 - R
10/28/2020 - D		 Satisfaction of Mortgage
(2020102801041001)		 XXXXX XXXXX XXXXXXXX XXXX
10/19/2020 - R
10/02/2020 - D		 Mortgage
(2020100801267002)		 XXXXX XXXXXX XXXX
10/19/2020 - R
10/02/2020 - D		 Deed
(2020100801267001)		 XXXX XXXX XXX XXX XXXXX XXXXXX
08/11/2020 - R UCC3 Continuation
(2020062600402001)		 XXXXX XXXXX XXXXXXXX XXXX
11/12/2015 - R
11/03/2015 - D		 Termination of Assign of L&R
(2015110501013001)		 XXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXX XXXXXXX XXX
11/12/2015 - R
11/03/2015 - D		 Satisfaction of Mortgage
(2015110500572001)		 XXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXX XXXXXXX XXX
12/16/2015 - R
10/22/2015 - D		 Deed
(2015102300998001)		 XXXXX XXXXX XXXX XXXX XXX XXX
10/06/2015 - R Initial UCC1
(2015100100652003)		 XXXXX XXXXX XXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1168 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
$7,189
Municipal exemptions
Recent tax assessments
Market value
$1,328,000
Assessed value
$79,680

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 $1,277,000 $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%
2020/21 $1,211,000 $72,660 $28,483 21.045% $5,994 $5,994 +5.38%
2019/20 $1,253,000 $75,180 $26,872 21.167% $5,688 $5,688 +1.19%
2018/19 $1,044,000 $62,640 $26,872 20.919% $5,621 $5,621 +3.41%
2017/18 $974,000 $58,440 $26,666 20.385% $5,436 $5,436 +8.08%
2016/17 $812,000 $48,720 $25,159 19.991% $5,030 $5,030 +8.36%
Permits

Permit information for 1168 40th Street, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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)
0.252
View subway map

Access the detailed traffic volume map for 1168 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 1168 40th Street, Brooklyn, NY

4018 12th Ave, Brooklyn 1149 41st St, Brooklyn 1160 40th St, Brooklyn 1154 40th St, Brooklyn 1171 41st St, Brooklyn 1153 41st St, Brooklyn 1150 40th St, Brooklyn 4024 12th Ave, Brooklyn 1141 41st St, Brooklyn 1164 40th St, Brooklyn 1158 40th St, Brooklyn 1156 40th St, Brooklyn 1155 41st St, Brooklyn 1123 41st St, Brooklyn 1162 40th St, Brooklyn 1152 40th St, Brooklyn 1148 40th St, Brooklyn 1137 41st St, Brooklyn 1166 40th St, Brooklyn 1125 41st St, Brooklyn

Nearby ZIP codes for 1168 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 1168 40th Street, Brooklyn, NY 11218?

The development at 1168 40th Street, Brooklyn, NY 11218 was built in 1930.

What is the market value of 1168 40th Street, Brooklyn, NY 11218?

The current market value of 1168 40th Street, Brooklyn, NY 11218 is $1,328,000.

What is the total square footage of 1168 40th Street, Brooklyn, NY 11218?

1168 40th Street, Brooklyn, NY 11218 has a total of 3,300 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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