Kings  »  11232  »  40th St  »  271 40th St

271 40th Street, Brooklyn, NY 11232 - Property report

Also known as: 263-271 40th St

Property image for 271 40th Street, Brooklyn, NY 11232
static Mapbox map

Property type

Fireproof Warehouse (E1)

Year built

1931

Lot sq. ft.

10,017

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
271 40th Street
Alternate address(es)
263-271 40th St
273-281 40th St
ZIP code
11232
Neighborhood
Sunset Park
Borough
Brooklyn
Block & lot
00707-0048

Owner

Find out who owns 271 40th Street, Brooklyn, NY 11232. Uncover corporate and individual owners with a free account.

Building
Property type
Fireproof Warehouse (E1)
Building sq. ft.
10,000
Building dimensions
100 ft x 100 ft
Buildings on lot
1
Stories
1
Year built
1931
Last altered
2003
Building material
Tax
Tax year
2026-2027
Property tax
$47,947
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
100 ft x 100.17 ft
Lot sq. ft.
10,017

Area overview

Walk score
93 /100.  Walker's Paradise
Transit score
95 /100.  Rider's Paradise
Bike score
78 /100.  Very Bikeable
School district
15
Community district
7
Closest police station
0.49 Miles
Closest fire station
0.24 Miles

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

Ownership

Ownership information for 271 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 271 40th Street, Brooklyn, NY 11232

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
02/24/2021 - R
02/10/2021 - D		 Assignment of Leases and Rents
(2021021800753004)		 XXXXXX XXXXXX XXXX XXXXXXXXXX XXXX
02/24/2021 - R
02/10/2021 - D		 Agreement
(2021021800753003)		 XXXXXX XXXXXX XXXX XXXXXXXXXX XXXX
02/24/2021 - R
02/10/2021 - D		 Mortgage
(2021021800753002)		 XXXXXX XXXXXX XXXX XXXXXXXXXX XXXX
02/24/2021 - R
01/28/2021 - D		 Termination of Assign of L&R
(2021021801180001)		 XXXXXXXXX XXXX X X XXXXXX XXXXXX XXXX
02/24/2021 - R
01/25/2021 - D		 Assignment, Mortgage
(2021021800753001)		 XXXXXXXXX XXXX X X XXXXXXXXXX XXXX
06/11/2012 - R
05/14/2012 - D		 Assignment of Leases and Rents
(2012051600164002)		 XXXXXX XXXXXX XXXX XXXXXXXXX XXXX X X
06/11/2012 - R
05/14/2012 - D		 Mortgage
(2012051600164001)		 XXXXXX XXXXXX XXXX XXXXXXXXX XXXX X X
02/22/2012 - R
02/01/2012 - D		 Satisfaction of Mortgage
(2012021000392001)		 XXXXXX XXXXXX XXX X XXXXXXXXXX XXXX
03/12/2003 - R
11/07/2002 - D		 Assignment, Mortgage
(2003010900566001)		 XXXXXXXXXX XXXX XXXX XXXXXXXXXX XXXXXXXXX XXXXX
06/27/2002 - R
05/07/2002 - D		 Deed
(3330008741333)		 XXXXXXXXXX XXXX XXXXXX XXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 271 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
$47,947
Municipal exemptions
Recent tax assessments
Market value
$1,092,000
Assessed value
$491,400

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 $1,117,000 $502,650 $397,530 10.848% $43,124 $43,124 +9.37%
2024/25 $1,069,000 $481,050 $366,390 10.762% $39,431 $39,431 +10.21%
2023/24 $903,000 $406,350 $337,770 10.592% $35,777 $35,777 +4.01%
2022/23 $730,000 $328,500 $323,100 10.646% $34,397 $34,397 +18.85%
2021/22 $598,000 $269,100 $269,100 10.755% $28,942 $28,942 -18.07%
2020/21 $771,000 $346,950 $330,310 10.694% $35,323 $35,323 +8.50%
2019/20 $751,000 $337,950 $308,982 10.537% $32,557 $32,557 +7.11%
2018/19 $740,000 $333,000 $289,092 10.514% $30,395 $30,395 +3.88%
2017/18 $737,000 $331,650 $278,292 10.514% $29,260 $29,260 +4.61%
2016/17 $737,000 $331,650 $264,512 10.574% $27,969 $27,969 +9.28%
Permits

Permit information for 271 40th Street, Brooklyn, NY

Filing date Job type Job status Job description Initial cost
04/17/2026 Alteration
09/16/2002 Alteration type 2

*Most recent permits on record for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations 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
2

Subway & traffic

Closest station
4th Ave & 36th St at NW Corner
Station lines
N-R
Distance (miles)
0.254
View subway map

Access the detailed traffic volume map for 271 40th Street, Brooklyn, NY 11232 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 271 40th Street, Brooklyn, NY

339 39th St, Brooklyn 335 36th St, Brooklyn 185 30th St, Brooklyn 3902 5th Ave, Brooklyn 160 42nd St, Brooklyn 161 43rd St, Brooklyn 252 39th St, Brooklyn 320 40th St, Brooklyn 258 42nd St, Brooklyn 363 36th St, Brooklyn 4006 3rd Ave, Brooklyn 990 4th Ave, Brooklyn 353 38th St, Brooklyn 220 42nd St, Brooklyn 259 43rd St, Brooklyn 363 39th St, Brooklyn 126 35th St, Brooklyn 215 43rd St, Brooklyn 317 39th St, Brooklyn 976 3rd Ave, Brooklyn

Nearby ZIP codes for 271 40th Street, Brooklyn, NY

10004, New York City, NY 10005, New York City, NY 10006, New York City, NY 10038, New York City, NY 10271, New York City, NY 10280, New York City, NY 11201, New York City, NY 11204, New York City, NY 11209, New York City, NY 11215, New York City, NY 11217, New York City, NY 11218, New York City, NY 11219, New York City, NY 11220, New York City, NY 11226, New York City, NY 11228, New York City, NY 11230, New York City, NY 11231, New York City, NY 11238, New York City, NY

Frequently asked questions

What is the year built for 271 40th Street, Brooklyn, NY 11232?

The development at 271 40th Street, Brooklyn, NY 11232 was built in 1931.

What is the market value of 271 40th Street, Brooklyn, NY 11232?

The current market value of 271 40th Street, Brooklyn, NY 11232 is $1,092,000.

What is the total square footage of 271 40th Street, Brooklyn, NY 11232?

271 40th Street, Brooklyn, NY 11232 has a total of 10,000 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 2.

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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