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40 Bay 31 Street, Brooklyn, NY 11214 Property Information

Q: How many residential units does this building have?

This building has 3 residential units and 0 commercial spaces.

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Address

Primary address	40 Bay 31 Street
Neighborhood	Gravesend

Zip code	11214
Borough	Brooklyn
Block & lot	06381-0060

Sales & Tax Overview for 40 Bay 31 Street, Brooklyn

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

Purchase date	12/21/2016
Purchase price	$1,200,000

Tax class	Register
Estimated property tax	$6,541

Lot & Building Information for 40 Bay 31 Street, Brooklyn

Lot sqft	1,933
Lot dimensions	20 ft x 96.67 ft
Building class	Three Families (C0) i Building classes in NYC are all explained here: NYC building classes
Building sqft	3,160
Building dimensions	20 ft x 48 ft
Buildings on lot	1
Stories	3
Structure type	Row
Building material	C block + brick

Exterior wall	Brick/masonry
Basement type	Full
Garage type	Built-in garage
Year built	1970
Frontage(s)	Bay 31 Street (narrow)
Nearest wide street	Bay Parkway
Distance to wide street	Register

Zoning & Use for 40 Bay 31 Street, Brooklyn

Zoning	Register
Residential units (DOF)	3

Residential sqft	Register

Area Overview

Walk Score

Transit Score

Bike Score

School district	20
Community district	11

Closest police station	0.44 Miles
Closest fire station	0.31 Miles

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

Other Property Data for 40 Bay 31 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 40 Bay 31 Street, Brooklyn, NY 11214, 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 40 Bay 31 Street, Brooklyn, NY 11214, including DOB violations, ECB violations, HPD violations and 311 complaints.

About 40 Bay 31 Street, Brooklyn

What is the year built & the total sq. ft. for 40 Bay 31 Street, Brooklyn, NY 11214?

40 Bay 31 Street, Brooklyn, NY 11214 was built in 1970 and has a total of 3,160 square feet.

What is the assessed value of 40 Bay 31 Street, Brooklyn, NY 11214 and the property tax paid?

Assessed at $105,600, the tax amount paid for 40 Bay 31 Street, Brooklyn, NY 11214 is $6,517. For the next year, the tax amount for 40 Bay 31 Street, Brooklyn, NY 11214 is estimated at $6,541.

When was 40 Bay 31 Street, Brooklyn, NY 11214 last sold and what was the last sale price?

40 Bay 31 Street, Brooklyn, NY 11214 was last sold in 12/21/2016 for $1,200,000.

How many residential units does this building have?

This building has 3 residential unit(s).

Ownership Information for 40 Bay 31 Street, Brooklyn

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Property owner name for 40 Bay 31 Street, Brooklyn, NY 11214

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Building contacts for 40 Bay 31 Street, Brooklyn, NY 11214

Building management:	Register
Representatives (from permits):	Register
Tenants:	Register

Commercial Real Estate nearby

Real Estate Reports:

Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens

Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.

Eliza Theiss, Mar 19, 2026 Cheaper in the City? Nearly 100 Communities in Suburban NYC Surpass $1M

New Yorkers planning a move to the suburbs increasingly find their options limited, after suburban home values shot up twice as fast as NYC medians over the last decade. While larger homes and better prices were long the norm outside the five boroughs, today, many NYC buyers find their option restricted to a handful of suburban markets.

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Past Sales & Property History for 40 Bay 31 Street, Brooklyn

Create a free account to view the complete sales history for 40 Bay 31 Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date	Purchase price	Buyer name	Seller name
12/21/2016	$1,200,000	Register	Register

Title Documents for 40 Bay 31 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
12/21/2016 - D 12/30/2016 - R	Deed (2016122900970001)
12/22/2015 - D 01/14/2016 - R	Deed (2016010100022001)
05/09/1984 - R	Satisfaction of Mortgage (3970001017697)
02/14/1979 - R	Assignment, Mortgage (37930105301743)
01/30/1979 - R	Mortgage (37930105001420)
01/30/1979 - R	Deed (37930105001418)
07/05/1974 - R	Deed (37430072001001)

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R: Recorded date
D: Document date

Property Taxes for 40 Bay 31 Street, Brooklyn

Access detailed property tax data for 40 Bay 31 Street, Brooklyn, NY 11214. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year:	2025-2026
Property tax:	$6,518
Estimated property tax:	$6,541

Tax assessor's market value:	$1,760,000
Assessed value:	$105,600
Exemptions granted by city:	Register

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Assessment History for 40 Bay 31 Street, Brooklyn

Here's the assessment & property tax history for 40 Bay 31 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	$1,760,000	$105,600	$32,846	19.843%	$13,035	$6,518	+2.85%
2024/25	$1,745,000	$104,700	$31,551	20.085%	$12,674	$6,337	+3.12%
2023/24	$1,571,000	$94,260	$30,595	20.085%	$12,290	$6,145	+4.83%
2022/23	$1,264,000	$75,840	$28,863	20.309%	$11,724	$5,862	+6.89%
2021/22	$1,144,000	$68,640	$27,470	19.963%	$10,968	$5,484	-4.80%

Permits for 40 Bay 31 Street, Brooklyn

The complete history of permits filed for 40 Bay 31 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.

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More about New York City Property Records

Gravesend Residential Market Stats

Access a detailed real estate market overview of Gravesend so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Gravesend and compare it to other neighborhoods in Brooklyn.

Median Sale Price

$625,000

-1.1% YoY

Median Price/Sqft

$713

-9.8% YoY

Brooklyn Median Sale Price

$839,000

6.2% YoY

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

FEMA flood zone(s):	X (See more on map)
Hurricane evacuation zone:	4 (See more on map)

Transportation

Distance to Subway

Closest station

Bay Pkwy & 86th St at SE Corner

Station lines

Distance (miles)

0.071

View subway map

Bus Routes
Name	Bay Py/Benson Av
Line	B82
Distance (miles)	0.061

Schools

Nearest elementary schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
P.S. 200 Benson School	7	Yes	Public	PK, K-5	1,267	0.44
P.S. 200 Benson School	7	Yes	Public	PK, K-5	1,267	0.44
St Peter Catholic Academy	NR	No	Private	PK-8	219	0.20
St Peter Catholic Academy	NR	No	Private	PK-8	219	0.20
P.S. 101 the Verrazano	8	No	Public	PK, K-5	1,057	0.27

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
Is 281 Joseph B Cavallaro	7	Yes	Public	6-8	1,164	0.45
St Peter Catholic Academy	NR	No	Private	PK-8	219	0.20
Brooklyn Studio Secondary School	5	No	Public	6-12	876	0.28
Sinai Academic Center	NR	No	Private	6-12	45	0.52
Brooklyn School Of Inquiry	9	No	Public	K-8	474	0.59

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance to school (mi)
East Academy of Science & Technology	NR	No	Private	9-12	34	0.16
Brooklyn Studio Secondary School	5	No	Public	6-12	876	0.28
Magen David Yeshivah High School	NR	No	Private	9-12	410	0.46
Magen David Yeshivah High School	NR	No	Private	9-12	0	0.48
Sinai Academic Center	NR	No	Private	6-12	45	0.52

Neighbors for 40 Bay 31 Street, Brooklyn

Here are the neighbors for 40 Bay 31 Street, Brooklyn, NY 11214.

Address	Square feet	Purchase date	Purchase price
44 Bay 31 St, Brooklyn	3,160	10/14/2003	$125,000
46 Bay 31 St, Brooklyn	3,160	12/01/2010	$945,000
42 Bay 31 St, Brooklyn	3,160	04/06/2016
78 Bay 31 St, Brooklyn	2,915	08/27/1976
2220 86th St, Brooklyn	3,273	12/21/2011
80 Bay 31 St, Brooklyn	2,915	06/30/2006	$795,000
30 Bay 31 St, Brooklyn	3,790	04/27/1994
24 Bay 31 St, Brooklyn	3,790	07/05/1984
20 Bay 31 St, Brooklyn	3,499	02/02/2004	$175,000
16 Bay 31 St, Brooklyn	3,597	06/03/2021
68 Bay 31 St, Brooklyn	2,936	02/03/2023
76 Bay 31 St, Brooklyn	3,245	10/18/2019
2222 86th St, Brooklyn	4,916	05/12/2016
2218 86th St, Brooklyn	2,660	08/04/1997
38 Bay 31 St, Brooklyn	3,496	04/08/2013	$10
34 Bay 31 St, Brooklyn	3,790	12/29/2017
2216 86th St, Brooklyn	2,660	08/14/2018	$1,350,000
48 Bay 31 St, Brooklyn	3,496	09/15/2011
2247 Benson Ave, Brooklyn	2,369	05/30/2024	$1,421,000
2245 Benson Ave, Brooklyn	1,858	11/07/2025