Kings  »  11210  »  E 38th St  »  1240 E 38th St

1240 East 38th Street, Brooklyn, NY 11210 - Property report

Also known as: 1234-1242 E 38th St

Property image for 1240 East 38th Street, Brooklyn, NY 11210
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Property type

Over Six Families without Stores (C1)

Year built

1931

Lot sq. ft.

8,000

General information

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Address
Primary address
1240 East 38th Street
Alternate address(es)
1234-1242 E 38th St
ZIP code
11210
Neighborhood
Midwood
Borough
Brooklyn
Block & lot
07637-0049

Owner

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Building
Property type
Over Six Families without Stores (C1)
Building sq. ft.
25,600
Building dimensions
80 ft x 80 ft
Buildings on lot
1
Stories
4
Year built
1931
Building material
Tax
Tax year
2026-2027
Property tax
$57,173
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
28
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
80 ft x 100 ft
Lot sq. ft.
8,000

Area overview

Walk score
89 /100.  Very Walkable
Transit score
91 /100.  Rider's Paradise
Bike score
58 /100.  Bikeable
School district
22
Community district
18
Closest police station
0.29 Miles
Closest fire station
0.81 Miles

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

Ownership

Ownership information for 1240 East 38th 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 1240 East 38th Street, Brooklyn, NY 11210

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
06/25/2010 - R
06/22/2010 - D		 Initial UCC1
(2010062201491001)		 XXXX XXXX XXXX XXXXXX XXXX XXXXXX XXX
10/21/2003 - R Termination of Assign of L&R
(2003090902236005)		 XXXX XXXX XXXX XXXXXX XXXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXXX
10/21/2003 - R Agreement
(2003090902236003)		 XXXX XXXX XXXX XXXXXX XXXX XXXXXXXXXXXX XXXXXXXXX XXXX
10/21/2003 - R Assignment, Mortgage
(2003090902236002)		 XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXX XXXXXXXXXXXX XXXXXXXXX XXXX
10/27/2003 - R
08/18/2003 - D		 UCC3 Termination
(2003090902271002)		 XXXX XXXX XXXX XXXXXX XXXX XXX XXXX XXXXXXX XXXX XX XXXXXXXXXXXX
10/27/2003 - R
08/18/2003 - D		 Initial UCC1
(2003090902271001)		 XXXX XXXX XXXX XXXXXX XXXX XXXXXXXXXXXX XXXXXXXXX XXXX
10/21/2003 - R
08/18/2003 - D		 Assignment of Leases and Rents
(2003090902236004)		 XXXXXXXXXXXX XXXXXXXXX XXXX XXXX XXXX XXXX XXXXXX XXXX
10/21/2003 - R
08/13/2003 - D		 Mortgage
(2003090902236001)		 XXXX XXXX XXXX XXXXXX XXXX XXXXXXXXXXXX XXXXXXXXX XXXX
12/02/1998 - R Sundry Agreement
(3880006356588)		 XXXX XXXXXXX XXXX XXXXX XXXX
12/02/1998 - R Assignment, Mortgage
(3680006357568)		 XXXX XXXXXXX XXXX XXXXX XXXX XXXX XXXXXXX XXXX XXXXXXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1240 East 38th 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
$57,173
Municipal exemptions
Recent tax assessments
Market value
$1,026,000
Assessed value
$461,700

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 $1,284,000 $577,800 $436,410 12.439% $54,285 $54,285 +7.88%
2024/25 $969,000 $436,050 $402,570 12.5% $50,321 $50,321 +4.06%
2023/24 $960,000 $432,000 $386,820 12.502% $48,360 $48,360 +4.32%
2022/23 $868,000 $390,600 $377,910 12.267% $46,358 $46,358 +9.64%
2021/22 $768,000 $345,600 $345,600 12.235% $42,284 $42,284 -6.93%
2020/21 $908,000 $408,600 $370,380 12.267% $45,435 $45,435 +4.93%
2019/20 $794,000 $357,300 $347,160 12.473% $43,301 $43,301 +4.91%
2018/19 $861,000 $387,450 $327,270 12.612% $41,275 $41,275 +4.12%
2017/18 $916,000 $412,200 $311,670 12.719% $39,641 $39,641 +8.46%
2016/17 $699,000 $314,550 $283,500 12.892% $36,549 $36,549 +4.24%
Permits

Permit information for 1240 East 38th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
03/12/2019 Alteration type 2
07/26/2018 Alteration type 2
12/15/2017 Alteration type 2
12/05/2017 Alteration type 2
12/14/2016 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

Violation ID Issue date Type Status
06/30/2023 Lblvio-low pressure boiler boiler required
06/30/2023 Lblvio-low pressure boiler boiler required
06/20/2023 Lblvio-low pressure boiler boiler required

*Most recent DOB violations on record 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

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

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
4

Subway & traffic

Closest station
Nostrand Ave & Avenue H at NE Corner
Station lines
2-5
Distance (miles)
0.711
View subway map

Access the detailed traffic volume map for 1240 East 38th Street, Brooklyn, NY 11210 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 1240 East 38th Street, Brooklyn, NY

1248 E 38th St, Brooklyn 1848 Flatbush Ave, Brooklyn 1256 E 38th St, Brooklyn 1850 Flatbush Ave, Brooklyn 1264 E 38th St, Brooklyn 1258 E 38th St, Brooklyn 1840 Flatbush Ave, Brooklyn 1842 Flatbush Ave, Brooklyn 1262 E 38th St, Brooklyn 1854 Flatbush Ave, Brooklyn 1852 Flatbush Ave, Brooklyn 1254 E 38th St, Brooklyn 1860 Flatbush Ave, Brooklyn 1852 A Flatbush Ave, Brooklyn 1838 Flatbush Ave, Brooklyn 1244 E 38th St, Brooklyn 1260 E 38th St, Brooklyn 1252 E 38th St, Brooklyn 1266 E 38th St, Brooklyn 1856 Flatbush Ave, Brooklyn

Nearby ZIP codes for 1240 East 38th Street, Brooklyn, NY

11203, New York City, NY 11204, New York City, NY 11212, New York City, NY 11213, New York City, NY 11214, New York City, NY 11215, New York City, NY 11216, New York City, NY 11218, New York City, NY 11219, New York City, NY 11223, New York City, NY 11224, New York City, NY 11225, New York City, NY 11226, New York City, NY 11229, New York City, NY 11230, New York City, NY 11233, New York City, NY 11234, New York City, NY 11235, New York City, NY 11236, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 1240 East 38th Street, Brooklyn, NY 11210?

The development at 1240 East 38th Street, Brooklyn, NY 11210 was built in 1931.

What is the total square footage of 1240 East 38th Street, Brooklyn, NY 11210?

1240 East 38th Street, Brooklyn, NY 11210 has a total of 25,600 square feet.

What is the assessed value of 1240 East 38th Street, Brooklyn, NY 11210?

1240 East 38th Street, Brooklyn, NY 11210 is currently assessed at $461,700.

What are the property taxes for 1240 East 38th Street, Brooklyn, NY 11210?

The property taxes for 1240 East 38th Street, Brooklyn, NY 11210 total $57,173.

How many residential units does this building have?

This building has 28 residential unit(s).

Disclaimer

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