New York City  »  11218  »  40th St  »  1224 40th St

1224 40th Street, Brooklyn, NY 11218 - Property report

Also known as: 1224 40th St

Property image for 1224 40th Street, Brooklyn, NY 11218
static Mapbox map

Property type

Two Family Frame (B2)

Year built

1901

Lot sq. ft.

2,003

Sale price

$1,200,500

General information

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Access up-to-date information from property owner names to sales history, deeds, tax info, mortgages, development data, planimetric maps and more.

Address
Primary address
1224 40th Street
ZIP code
11218
Neighborhood
Borough Park
Borough
Brooklyn
Block & lot
05589-0021

Owner

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Building
Property type
Two Family Frame (B2)
Building sq. ft.
2,952
Building dimensions
20 ft x 48 ft
Buildings on lot
1
Stories
3
Year built
1901
Building material
Frame
Exterior wall
Aluminum/Vinyl
Basement
4
Sales
Sale date
02/25/2019
Sale price
$1,200,500
Tax
Tax year
2026-2027
Property tax
$6,509
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
39 Street
Distance to wide street
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
1.02 Miles
Closest fire station
0.11 Miles

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

Ownership

Ownership information for 1224 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 1224 40th Street, Brooklyn, NY 11218

Sale date Sale price Buyer name Seller name
02/25/2019 $1,200,500 XXXXXXXXXX, XXXXX XXXXXX, XXXXX X XXX XXXXXX, XXXX X

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
04/03/2019 - R
03/12/2019 - D		 Deed
(2019040300141001)		 XXXXXXXXXX XXXXX XXXXXX XXX
03/11/2019 - R
03/06/2019 - D		 Satisfaction of Mortgage
(2019031100647001)		 XXXXXX XXXXX X XXX XXXXXXXX XXXXXXX XXX
03/01/2019 - R
02/25/2019 - D		 Mortgage
(2019030100489002)		 XXXXXXXXXX XXXXX XXXX
03/01/2019 - R
02/25/2019 - D		 Deed
(2019030100489001)		 XXXXXX XXXXX X XXXXXXXXXX XXXXX
10/13/2010 - R
10/05/2010 - D		 Satisfaction of Mortgage
(2010100500714001)		 XXXXXX XXXXX XXXX XXXXXXXX XXXXXXXXXX XXXXXXXXXXXX XXXXXXX XX X
10/12/2010 - R
09/17/2010 - D		 Mortgage
(2010100500102002)		 XXXXXX XXXX X XXXX XX X
10/12/2010 - R
09/17/2010 - D		 Deed
(2010100500102001)		 XXXXXX XXXXX X XXXXXX XXXX X
04/30/2009 - R
04/15/2009 - D		 Satisfaction of Mortgage
(2009041600376001)		 XXXXXX XXXXX XXXX XXXXXXXX XXXXX XXXX X X
06/01/2005 - R
02/08/2005 - D		 Mortgage
(2005052501205001)		 XXXX XXXXXX XXXXX
03/30/2004 - R
10/21/2003 - D		 Satisfaction of Mortgage
(2003102100254002)		 XXXXXX XXXXX X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 1224 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
$6,509
Municipal exemptions
Recent tax assessments
Market value
$2,013,000
Assessed value
$120,780

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 $1,818,000 $109,080 $32,784 19.843% $6,505 $6,505 +4.64%
2024/25 $1,631,000 $97,860 $30,954 20.085% $6,217 $6,217 +5.87%
2023/24 $1,691,000 $101,460 $29,237 20.085% $5,872 $5,872 +3.47%
2022/23 $1,361,000 $81,660 $27,946 20.309% $5,676 $5,676 +4.01%
2021/22 $1,156,000 $69,360 $27,336 19.963% $5,457 $5,457 -5.09%
2020/21 $1,204,000 $72,240 $27,320 21.045% $5,749 $5,749 +5.30%
2019/20 $1,135,000 $68,100 $25,795 21.167% $5,460 $5,460 +13.96%
2018/19 $1,052,000 $63,120 $22,904 20.919% $5,097 $4,791 +7.73%
2017/18 $1,004,000 $60,240 $21,818 20.385% $4,747 $4,448 +4.80%
2016/17 $744,000 $44,640 $21,230 19.991% $4,554 $4,244 +2.44%
Permits

Permit information for 1224 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
05/03/2005 Alteration type 3
01/28/2005 Alteration type 2

*Most recent permits on record 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

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
-

Subway & traffic

Closest station
New Utrecht Ave & 44th St at NE Corner
Station lines
D
Distance (miles)
0.309
View subway map

Access the detailed traffic volume map for 1224 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
Bais Ymkov Migeh Schoenberger NR No Private PK, K-8 0 0.17
Bais Ymkov Migeh Schoenberger NR No Private PK, K-8 0 0.17
Yeshivas Boyan Tiferes Mordechai Shlomo NR No Private PK, K-8 239 0.19
Yeshivas Boyan Tiferes Mordechai Shlomo NR No Private PK, K-8 239 0.19
Mesivta Tiferes Elimelech NR No Private 0 0.19
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 0.53
Bais Ymkov Migeh Schoenberger NR No Private PK, K-8 0 0.17
Yeshivas Boyan Tiferes Mordechai Shlomo NR No Private PK, K-8 239 0.19
Mesivta Nesivos Hatalmud NR No Private 8-12 115 0.19
Mesivta Tiferes Elimelech NR No Private 0 0.19
Talmud Torah Ohel Yochanan NR No Private PK-8 837 0.20
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Yeshiva Mesivta Chernobil NR No Private 9-12 74 0.09
Kerem Shlomo NR No Private 10-11 0 0.17
Mesivta Nesivos Hatalmud NR No Private 8-12 115 0.19
Mesivta Tiferes Elimelech NR No Private 0 0.19
Yeshiva Beis Meir (Boys) NR No Private 8-12 176 0.20
West Brooklyn Community High School 3 No Public 10-12 161 0.26

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

Neighbors for 1224 40th Street, Brooklyn, NY

1515 Madison Pl, Brooklyn 632 Bay Ridge Pkwy, Brooklyn 311 Sherman St, Brooklyn 33 Powers St, Brooklyn 195 Berkeley Pl, Brooklyn 197 Berkeley Pl, Brooklyn 18 Florence Ave, Brooklyn 373 Webster Ave, Brooklyn 2877 W 37th St, Brooklyn 1119 E 23rd St, Brooklyn 1041 Hendrix St, Brooklyn 235 Cooper St, Brooklyn 418 E 16th St, Brooklyn 2007 New York Ave, Brooklyn 650 E 103rd St, Brooklyn 113 Calyer St, Brooklyn 69 Powell St, Brooklyn 2401 Avenue S, Brooklyn 484 Gates Ave, Brooklyn

Nearby ZIP codes for 1224 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 1224 40th Street, Brooklyn, NY 11218?

The development at 1224 40th Street, Brooklyn, NY 11218 was built in 1901.

What is the total square footage of 1224 40th Street, Brooklyn, NY 11218?

1224 40th Street, Brooklyn, NY 11218 has a total of 2,952 square feet.

When was 1224 40th Street, Brooklyn, NY 11218 last sold and what was the sale price?

1224 40th Street, Brooklyn, NY 11218 was last sold on 02/25/2019 for $1,200,500.

What is the assessed value of 1224 40th Street, Brooklyn, NY 11218?

1224 40th Street, Brooklyn, NY 11218 is currently assessed at $120,780.

What are the property taxes for 1224 40th Street, Brooklyn, NY 11218?

The property taxes for 1224 40th Street, Brooklyn, NY 11218 total $6,509.

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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