New York City » 11223 » Lake St » 240 Lake St

240 Lake Street, Brooklyn, NY 11223 - Property report

Also known as: 240 Lake St

Property image for 240 Lake Street, Brooklyn, NY 11223

Property type

Two Family Converted from One Family (B3)

Year built

1940

Lot sq. ft.

1,551

Sale price

$550,000

General information

Address

Primary address

240 Lake Street

ZIP code

11223

Neighborhood

Gravesend

Borough

Brooklyn

Block & lot

07102-0021

Building

Property type

Two Family Converted from One Family (B3)

Building sq. ft.

1,816

Building dimensions

18.25 ft x 39 ft

Buildings on lot

Stories

Year built

1940

Building material

Brick

Exterior wall

Brick/Masonary

Basement

Garage type

Basement Garage

Sales

Sale date

07/25/2012

Sale price

$550,000

Tax

Tax year

2026-2027

Property tax

$8,907

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)

Lake Street (narrow)

Nearest wide street

McDonald Avenue

Distance to wide street

Lot dimensions

18.25 ft x 85 ft

Lot sq. ft.

1,551

Area overview

Walk score

94 /100. Walker's Paradise

Transit score

94 /100. Rider's Paradise

Bike score

70 /100. Very Bikeable

School district

Community district

Closest police station

0.75 Miles

Closest fire station

0.63 Miles

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

Ownership

Ownership information for 240 Lake 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 240 Lake Street, Brooklyn, NY 11223

Sale date	Sale price	Buyer name	Seller name
07/25/2012	$550,000	XXXXXXX, XXXXXXX X XXX XXXXXXX, XXXX X	XXX XXXX XXXXXX, XXX
05/31/2007	$600,000	XXX XXXX XXXXXX, XXX	XX, XXXXX XXX XXXX, XXXX XXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date	Type	Party 1	Party 2
07/10/2018 - R 04/06/2017 - D	Assignment, Mortgage (2017051100608001)	XXXXXX XXXXX	XXXXX XXXXXXXX XXXXXXXXXX XXXXXXX
08/10/2012 - R 07/25/2012 - D	Mortgage (2012073101308002)	XXXXXXX XXXX X	XXXXXX XXXXX
08/10/2012 - R 07/25/2012 - D	Deed (2012073101308001)	XXX XXXX XXXXXX XXX	XXXXXXX XXXXXXX X
07/09/2007 - R 06/26/2007 - D	Satisfaction of Mortgage (2007062801184001)	XX XXXXX	XXXXXXXXX XXXXXXXXXXX XXXXXXXX XXX
08/24/2007 - R 06/14/2007 - D	Satisfaction of Mortgage (2007062802207001)	XX XXXXX X	XXXXXXXX XXXX XX
06/28/2007 - R 05/31/2007 - D	Deed (2007060600219001)	XX XXXXX	XXX XXXX XXXXXX XXX
05/15/2006 - R 03/13/2006 - D	Mortgage (2006042100043001)	XX XXXXX X	XXXXXXXX XXXX XX
04/02/2004 - R 02/17/2004 - D	Satisfaction of Mortgage (2004021701159001)	XXXX XXXX X
05/05/2004 - R 01/27/2004 - D	Mortgage (2004020400928001)	XX XXXXX	XXXX
01/07/2002 - R	Satisfaction of Mortgage (3670007950367)

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 240 Lake 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

$8,907

Municipal exemptions

Recent tax assessments

Market value

$1,199,000

Assessed value

$71,940

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	$1,253,000	$75,180	$44,179	19.843%	$8,766	$8,766	+4.66%
2024/25	$990,000	$59,400	$41,705	20.085%	$8,376	$8,376	+5.44%
2023/24	$1,193,000	$71,580	$39,554	20.085%	$7,944	$7,944	+4.58%
2022/23	$1,307,000	$78,420	$37,404	20.309%	$7,596	$7,596	+1.73%
2021/22	$1,108,000	$66,480	$37,404	19.963%	$7,467	$7,467	-3.63%
2020/21	$926,000	$55,560	$36,816	21.045%	$7,748	$7,748	+5.32%
2019/20	$892,000	$53,520	$34,754	21.167%	$7,356	$7,356	+6.69%
2018/19	$954,000	$57,240	$32,962	20.919%	$6,895	$6,895	+8.52%
2017/18	$716,000	$42,960	$31,170	20.385%	$6,354	$6,354	+1.97%
2016/17	$737,000	$44,220	$31,170	19.991%	$6,231	$6,231	+3.87%

Permits

Permit information for 240 Lake 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

Bensonhurst East residential market stats

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

Median sale price

—

Median price/sq. ft.

—

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

McDonald Ave & Avenue U at SE Corner

Station lines

Distance (miles)

0.106

View subway map

Access the detailed traffic volume map for 240 Lake Street, Brooklyn, NY 11223 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. 95 The Gravesend	7	Yes	Public	K-8	940	0.17
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.07
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.07
Magen David Yeshivah School	NR	No	Private	PK, K-8	0	0.18
Magen David Yeshivah School	NR	No	Private	PK, K-8	0	0.18
Magen David Yesh-Isaac SHLM E	NR	No	Private	PK-12	1,906	0.19
P.S. 215 Morris H Weiss	5	No	Public	PK, K-5	707	0.38
P.S. 215 Morris H Weiss	5	No	Public	PK, K-5	707	0.38

Nearest middle schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Is 228 David A Boody	7	Yes	Public	6-8	1,551	0.23
Sts. Simon & Jude Elementary School	NR	No	Private	PK, K-8	0	0.07
P.S. 95 The Gravesend	7	No	Public	K-8	940	0.17
Magen David Yeshivah School	NR	No	Private	PK, K-8	0	0.18
Magen David Yesh-Isaac SHLM E	NR	No	Private	PK-12	1,906	0.19
Our Lady of Grace Catholic Academy	NR	No	Private	PK-8	185	0.46
Gesher Yehuda	NR	No	Private	K-12	67	0.47
Kingsborough Early College School	7	No	Public	6-12	743	0.71
P.S. 721 Brooklyn Occupational Training Center	NR	No	Public	K-3, 5-7, 9-12	454	0.72

Nearest high schools

Name	Rating	Att. zoned	Type	Grade range	No of students	Distance (miles)
Magen David Yesh-Isaac SHLM E	NR	No	Private	PK-12	1,906	0.19
Gesher Yehuda	NR	No	Private	K-12	67	0.47
Yeshivat Darche Eres Inc	NR	No	Private	PK-12	494	0.47
Ahaba Ve Ahava	NR	No	Private	PK, K-10	93	0.56
B'not Rachel High School For Girls	NR	No	Private	9-12	80	0.57
High School Of Sports Management	2	No	Public	9-12	338	0.71
International High School At Lafayette	2	No	Public	9-12	353	0.71
Life Academy High School For Film And Music	4	No	Public	9-12	251	0.71
Leaders High School	6	No	Public	9-12	372	0.71
Kingsborough Early College School	7	No	Public	6-12	743	0.71

Nearby ZIP codes for 240 Lake Street, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11209, New York City, NY 11210, New York City, NY 11214, New York City, NY 11215, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11228, New York City, NY 11229, New York City, NY 11230, New York City, NY 11232, New York City, NY 11234, New York City, NY 11235, New York City, NY 11697, New York City, NY

Frequently asked questions

What is the year built for 240 Lake Street, Brooklyn, NY 11223?

The development at 240 Lake Street, Brooklyn, NY 11223 was built in 1940.

What is the total square footage of 240 Lake Street, Brooklyn, NY 11223?

240 Lake Street, Brooklyn, NY 11223 has a total of 1,816 square feet.

When was 240 Lake Street, Brooklyn, NY 11223 last sold and what was the sale price?

240 Lake Street, Brooklyn, NY 11223 was last sold on 07/25/2012 for $550,000.

What is the assessed value of 240 Lake Street, Brooklyn, NY 11223?

240 Lake Street, Brooklyn, NY 11223 is currently assessed at $71,940.

What are the property taxes for 240 Lake Street, Brooklyn, NY 11223?

The property taxes for 240 Lake Street, Brooklyn, NY 11223 total $8,906.

How many residential units does this building have?

This building has 2 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.