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1507 40th Street, Brooklyn, NY 11218 Property Information

1507 40th Street, Brooklyn, NY 11218 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1507 40th Street, Brooklyn, NY 11218 1
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Address

Primary address 1507 40th Street
Secondary address 3923 15th Ave
Neighborhood Borough Park
Zip code 11218
Borough Brooklyn
Block & lot 05365-0001

Sales & Tax Overview for 1507 40th Street, Brooklyn

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

Tax class
Estimated property tax $8,208

Lot & Building Information for 1507 40th Street, Brooklyn

Lot sqft 2,030
Lot dimensions 20.25 ft x 100 ft
Building class Primarily Two Family with One Store or Office (S2) i
Building sqft 3,400
Building dimensions 20 ft x 80 ft
Buildings on lot 1
Stories 2
Year built 1930
Construction type
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Zoning & Use for 1507 40th Street, Brooklyn

Zoning
Residential units (DOF) 2
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 20
Community district 12
Closest police station 0.63 Miles
Closest fire station 0.47 Miles

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

Other Property Data for 1507 40th 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 1507 40th Street, Brooklyn, NY 11218, 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 1507 40th Street, Brooklyn, NY 11218, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 3923 15th Ave, Brooklyn, NY 11218
  • 1501-1511 40th St, Brooklyn, NY 11218

About 1507 40th Street, Brooklyn

How many square feet does 1507 40th Street, Brooklyn, NY 11218 have?

This Primarily Two Family with One Store or Office (S2) located at 1507 40th Street, Brooklyn, NY 11218 has a total of 3,400 square feet.

What is the year built & the current market value of 1507 40th Street, Brooklyn, NY 11218?

1507 40th Street, Brooklyn, NY 11218 was built in 1930 and has a current tax assessor's market value of $1,530,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 1507 40th Street, Brooklyn

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Property owner name for 1507 40th Street, Brooklyn, NY 11218
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Building contacts for 1507 40th Street, Brooklyn, NY 11218
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
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Past Sales & Property History for 1507 40th Street, Brooklyn

Create a free account to view the complete sales history for 1507 40th Street, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

No recorded sales for this property.

Title Documents for 1507 40th 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
01/01/2014 - D
01/29/2015 - R
Deed
(2015010700759001)
04/24/2006 - D
01/29/2015 - R
Satisfaction of Mortgage
(2015010700759002)
05/18/1994 - R Agreement
(3460004280446)
05/06/1991 - R Assignment, Mortgage
(3580001613358)
04/23/1991 - R Satisfaction of Mortgage
(3010001611001)
04/23/1991 - R Mortgage
(3390001610939)
04/11/1991 - D
04/23/1991 - R
Deed
(3380001610938)
02/23/1987 - R Assignment, Mortgage
(3160001241116)
10/16/1979 - R Mortgage
(37930111000756)
10/16/1979 - R Deed
(37930111000754)
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R: Recorded date
D: Document date

Property Taxes for 1507 40th Street, Brooklyn

Access detailed property tax data for 1507 40th Street, Brooklyn, NY 11218. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Property tax: $7,782
Estimated property tax: $8,208
Tax assessor's market value: $1,530,000
Assessed value: $91,800

Assessment History for 1507 40th Street, Brooklyn

Here's the assessment & property tax history for 1507 40th 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 $1,530,000 $91,800 $39,218 19.843% $7,782 $7,782 +4.72%
2024/25 $1,617,000 $97,020 $36,998 20.085% $7,431 $7,431 +5.99%
2023/24 $1,566,000 $93,960 $34,906 20.085% $7,011 $7,011 +0.14%
2022/23 $1,329,000 $79,740 $34,474 20.309% $7,001 $7,001 +1.73%
2021/22 $1,222,000 $73,320 $34,474 19.963% $6,882 $6,882 +0.06%

Permits for 1507 40th Street, Brooklyn

The complete history of permits filed for 1507 40th 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.

Filing date Job type Job status Job description Initial cost
03/28/2019 Alteration
03/20/2018 Alteration
11/13/2008 Alteration type 2
03/07/2001 Alteration type 2
         
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Brooklyn Commercial Market Stats

Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.

Median Price/Sqft Q3/2025
$495
3.7% YoY
Median Price/Sqft Q2/2025
$503
7% YoY
Median Price/Sqft 2024
$470
2.1% YoY

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

Risk

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

Transportation

Distance to Subway
Closest station McDonald Ave & Cortelyou Rd at SW Corner
Station lines F
Distance (miles) 0.193
View subway map
Bus Routes
Name 14 Av/41 St
Line B16
Distance (miles) 0.165

Neighbors for 1507 40th Street, Brooklyn

Here are the neighbors for 1507 40th Street, Brooklyn, NY 11218.

Address Square feet Purchase date Purchase price
46 Townsend St, Brooklyn 5,000 09/01/2010
119 Seigel St, Brooklyn 1,050 09/12/1990
31 Kosciuszko St, Brooklyn 27,323 12/29/2014 $13,000,000
582 A Macon St, Brooklyn 2,418 02/17/2000
1508 59th St, Brooklyn 4,376 01/11/2007
251 Nostrand Ave, Brooklyn 4,480 08/16/2007
48 Ira CT, Brooklyn 1,018 09/21/2004 $350,000
167 17th St, Brooklyn 2,240 11/12/1991
3164 Avenue W, Brooklyn 924 12/08/2021 $540,000
582 Kosciuszko St, Brooklyn 1,886 08/16/1994
58 Townsend St, Brooklyn 15,000 09/01/2010
1431 W 8th St, Brooklyn 1,900 04/12/2019 $370,000
308 Prospect Ave, Brooklyn 5,852 09/11/1998
1010 Pacific St, Brooklyn 23,188 11/08/2019 $20,250,000
154 A 23rd St, Brooklyn 1,680 04/01/2015 $999,000
7722 18th Ave, Brooklyn 3,200 05/20/2016 $1,160,000
297 Division Ave, Brooklyn 08/30/1994
1117 Lafayette Ave, Brooklyn 9,652 10/30/2014
10002 Avenue D, Brooklyn 3,250 07/05/2012
350 Hendrix St, Brooklyn 11/30/2020 $200,000
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