New York City  »  11218  »  40th St  »  1242 40th St

1242 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 1242 40th St

Property image for 1242 40th Street, Brooklyn, NY 11218
static Mapbox map

Property type

Two Family Frame (B2)

Year built

1901

Lot sq. ft.

2,003

General information

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Address
Primary address
1242 40th Street
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05589-0030

Owner

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Building
Property type
Two Family Frame (B2)
Building sq. ft.
2,472
Building dimensions
20 ft x 40 ft
Buildings on lot
1
Stories
3
Year built
1901
Building material
Frame
Exterior wall
Composition
Basement
4
Tax
Tax year
2026-2027
Property tax
$5,144
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Commercial units
0
Office sq. ft.
Retail sq. ft.
Lot
Frontage(s)
40 Street (narrow)
Nearest wide street
13 Avenue
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
93 /100.  Rider's Paradise
Bike score
70 /100.  Very Bikeable
School district
15
Community district
12
Closest police station
1.00 Miles
Closest fire station
0.13 Miles

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

Ownership

Ownership information for 1242 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 1242 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
01/26/2018 - R
01/23/2018 - D		 Satisfaction of Mortgage
(2018012500990001)		 XXX XXXXXX X XXXXXXXX XXXXX XXXX X X
08/18/2009 - R
08/10/2009 - D		 Satisfaction of Mortgage
(2009081100968001)		 XXX XXXXXX X XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XXX
07/22/2009 - R
07/07/2009 - D		 Mortgage
(2009071700161001)		 XXX XXXXXX X XXXXXXXX XXXXX XXXX X X
03/10/2004 - R
01/12/2004 - D		 Mortgage
(2004012702088001)		 XXX XXXXXX X XXXX
03/14/2001 - R Satisfaction of Mortgage
(3890007557789)		 XXX XXXXXX X XXXX XXXXXXX XXXX XXXXX XXXX XXX
10/06/1986 - R Mortgage
(3460001203046)		 XXX XXXXXX X XXXX XXXX XXXXXX
04/24/1986 - R
04/22/1986 - D		 Deed
(3180001161818)		 XXX XXXXXXXXX XXX XXXXXX X
03/06/1986 - R
02/28/1986 - D		 Deed
(3150001149415)		 XXXXX XXXXXXX X XXX XXXXXXXXX
08/21/1985 - R Contract of Sale
(3630001107363)		 XXXXX XXXXXXX X XXX XXXXXXXXX
06/14/1984 - R
06/01/1984 - D		 Deed
(3300001024230)		 XXXXX XXXXX XXXXXXXX XXXXX XXXXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1242 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
$5,144
Municipal exemptions
Recent tax assessments
Market value
$1,983,000
Assessed value
$118,980

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 $1,674,000 $100,440 $26,954 19.843% $5,630 $5,348 -1.49%
2024/25 $1,565,000 $93,900 $27,033 20.085% $5,699 $5,430 +1.29%
2023/24 $1,576,000 $94,560 $26,688 20.085% $5,641 $5,360 +5.35%
2022/23 $1,262,000 $75,720 $25,053 20.309% $5,385 $5,088 +7.98%
2021/22 $1,055,000 $63,300 $23,603 19.963% $4,999 $4,712 +0.70%
2020/21 $1,189,000 $71,340 $22,235 21.045% $4,976 $4,679 -0.62%
2019/20 $1,123,000 $67,380 $22,244 21.167% $5,005 $4,708 +2.55%
2018/19 $963,000 $57,780 $21,947 20.919% $4,897 $4,591 +9.20%
2017/18 $989,000 $59,340 $20,624 20.385% $4,504 $4,204 +8.86%
2016/17 $863,000 $51,780 $19,319 19.991% $4,172 $3,862 +8.98%
Permits

Permit information for 1242 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

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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 & 45th St at NE Corner
Station lines
D
Distance (miles)
0.334
View subway map

Access the detailed traffic volume map for 1242 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 0.52
P.S. 230 Doris L Cohen 7 Yes Public PK, K-5 969 0.52
Talmud Torah Ohel Yochanan School NR No Private PK-8 791 0.17
Talmud Torah Ohel Yochanan School NR No Private PK-8 791 0.17
Talmud Torah Ohel Yochanan NR No Private PK-8 837 0.17
Talmud Torah Ohel Yochanan NR No Private PK-8 837 0.17
Yeshiva Beth Hillel of Krasna NR No Private PK, K-9 0 0.17
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 0.49
Talmud Torah Ohel Yochanan School NR No Private PK-8 791 0.17
Talmud Torah Ohel Yochanan NR No Private PK-8 837 0.17
Yeshiva Beth Hillel of Krasna NR No Private PK, K-9 0 0.17
Yeshiva Beis Meir (Boys) NR No Private 8-12 176 0.18
Yeshiva Beth Hillel Of Krasna NR No Private PK, K-7 442 0.19
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Yeshiva Mesivta Chernobil NR No Private 9-12 74 0.11
Congregation Ymh NR No Private 10-12 102 0.17
Yeshiva Beis Meir (Boys) NR No Private 8-12 176 0.18
Mesivta Nesivos Hatalmud NR No Private 8-12 115 0.20
Mosdos Chasidei Square NR No Private PK, K-11 496 0.20

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

Neighbors for 1242 40th Street, Brooklyn, NY

1248 40th St, Brooklyn 1258 40th St, Brooklyn 1252 40th St, Brooklyn 1256 40th St, Brooklyn 4000 13th Ave, Brooklyn 1240 40th St, Brooklyn 1222 40th St, Brooklyn 1226 40th St, Brooklyn 1220 40th St, Brooklyn 1275 41st St, Brooklyn 1228 40th St, Brooklyn 1234 40th St, Brooklyn 1246 40th St, Brooklyn 1260 40th St, Brooklyn 1238 40th St, Brooklyn 1218 40th St, Brooklyn 1244 40th St, Brooklyn 1250 40th St, Brooklyn 1236 40th St, Brooklyn 1232 40th St, Brooklyn

Nearby ZIP codes for 1242 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 1242 40th Street, Brooklyn, NY 11218?

The development at 1242 40th Street, Brooklyn, NY 11218 was built in 1901.

What is the total square footage of 1242 40th Street, Brooklyn, NY 11218?

1242 40th Street, Brooklyn, NY 11218 has a total of 2,472 square feet.

What is the assessed value of 1242 40th Street, Brooklyn, NY 11218?

1242 40th Street, Brooklyn, NY 11218 is currently assessed at $118,980.

What are the property taxes for 1242 40th Street, Brooklyn, NY 11218?

The property taxes for 1242 40th Street, Brooklyn, NY 11218 total $5,143.

How many residential units does this building have?

This building has 2 residential unit(s).

Disclaimer

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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.

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