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40 Commercial Street, Brooklyn, NY 11222 Property Information

40 Commercial Street, Brooklyn, NY 11222 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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40 Commercial Street, Brooklyn, NY 11222 1
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Address

Primary address 40 Commercial Street
Secondary address 44 Commercial St
Neighborhood Greenpoint
Zip code 11222
Borough Brooklyn
Block & lot 02482-0001

Sales & Tax Overview for 40 Commercial Street, Brooklyn

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

Tax class

Lot & Building Information for 40 Commercial Street, Brooklyn

Lot sq. ft. 12,300
Lot dimensions 244.37 ft x 61.94 ft
Property type Elevator Apartment - Semi-Fireproof with Stores (D7)
Building sqft 42,786
Building dimensions 193 ft x 78 ft
Buildings on lot 1
Stories 5
Year built 2024
Status
Status date
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Zoning & Use for 40 Commercial Street, Brooklyn

Zoning
Qualified opportunity zone
Residential units (DOF) 12
Commercial units 1
Residential sqft
Retail sqft

Area Overview

Walk Score
Transit Score
Bike Score


School district 14
Community district 1
Closest police station 0.70 Miles
Closest fire station 0.51 Miles

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

Other Property Data for 40 Commercial Street, Brooklyn

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Floor area ratio (FAR) for 40 Commercial Street, Brooklyn, NY 11222, 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 40 Commercial Street, Brooklyn, NY 11222, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

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

  • 44 Commercial St, Brooklyn, NY 11222

About 40 Commercial Street, Brooklyn

How many square feet does 40 Commercial Street, Brooklyn, NY 11222 have?

This Elevator Apartment - Semi-Fireproof with Stores (D7) located at 40 Commercial Street, Brooklyn, NY 11222 has a total of 42,786 square feet.

What is the year built & the current market value of 40 Commercial Street, Brooklyn, NY 11222?

40 Commercial Street, Brooklyn, NY 11222 was built in 2024 and has a current tax assessor's market value of $5,300,000.

How many commercial spaces does this building have?

This building has 1 commercial spaces available for lease.

Ownership Information for 40 Commercial Street, Brooklyn

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Property owner name for 40 Commercial Street, Brooklyn, NY 11222
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Building contacts for 40 Commercial Street, Brooklyn, NY 11222
Building management:
Representatives (from permits):
Tenants:
Real Estate Reports:
Laura Pop-Badiu, Jun 11, 2026 NYC Business Leaders on RTO: Survey Reveals Hybrid Still Dominates, Office Attendance Set to Rise
Huble’s recent survey of 126 founders, CEOs and other decision-makers in New York City’s startup ecosystem revealed how local business leaders are approaching workplace strategy in 2026 and beyond.
Lucian Alixandrescu, May 27, 2026 NYC Office Market Ahead of National Curve: Manhattan Q1 Vacancy Drops to 13.1% 
New York City’s office market outpaced the U.S. on several major metrics in Q1, with Manhattan vacancy nearly 5 percentage points below the national benchmark, asking rents climbing against a downward national trend and flex inventory crossing 15 million square feet.
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Past Sales & Property History for 40 Commercial Street, Brooklyn

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No recorded sales for this property.

Title Documents for 40 Commercial 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
04/22/2025 - R
04/12/2025 - D
Deed
(2025041500806001)
07/11/2025 - R
02/28/2025 - D
Certificate
(2025062500963001)
10/04/2024 - R
08/19/2024 - D
Easement
(2024100200550001)
03/18/2024 - R
02/15/2024 - D
Agreement
(2024022900425004)
03/18/2024 - R
02/15/2024 - D
Agreement
(2024022900425003)
03/18/2024 - R
02/15/2024 - D
Assignment of Leases and Rents
(2024022900425002)
03/18/2024 - R
02/15/2024 - D
Mortgage
(2024022900425001)
02/20/2024 - R
02/15/2024 - D
Assignment of Leases and Rents
(2024022000190006)
02/20/2024 - R
02/15/2024 - D
Agreement
(2024022000190005)
02/20/2024 - R
02/15/2024 - D
Mortgage
(2024022000190004)
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R: Recorded date
D: Document date

Property Taxes for 40 Commercial Street, Brooklyn

Access detailed property tax data for 40 Commercial Street, Brooklyn, NY 11222. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2026-2027
Property tax: $265,610
Tax assessor's market value: $5,300,000
Assessed value: $2,385,000

Assessment History for 40 Commercial Street, Brooklyn

Here's the assessment & property tax history for 40 Commercial 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 $527,000 $237,150 $79,791 12.439% $9,925 $9,925 +120.10%
2024/25 $94,000 $42,300 $41,901 10.762% $4,509 $4,509 +3.96%
2023/24 $91,000 $40,950 $40,950 10.592% $4,337 $4,337 +2.21%
2022/23 $88,580 $39,861 $39,861 10.646% $4,244 $4,244 +1.96%
2021/22 $86,000 $38,700 $38,700 10.755% $4,162 $4,162 -14.54%

Permits for 40 Commercial Street, Brooklyn

The complete history of permits filed for 40 Commercial 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
04/08/2026 New building
03/30/2026 New building
03/17/2026 New building
02/04/2026 Subdivision: condo
12/24/2025 New building
04/23/2025 New building
03/15/2025 Alteration
03/14/2025 New building
02/12/2025 Alteration
02/05/2025 Alteration
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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 Q1/2026
$444
-15% YoY
Median Price/Sqft Q4/2025
$523
9.6% YoY
Median Price/Sqft 2025
$523
5.9% YoY

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

Risk

FEMA flood zone(s): 0.2,X (See more on map)
Hurricane evacuation zone: 2 (See more on map)

Transportation

Distance to Subway
Closest station Manhattan Ave & India St at SW Corner
Station lines G
Distance (miles) 0.334
View subway map

Neighbors for 40 Commercial Street, Brooklyn

Here are the neighbors for 40 Commercial Street, Brooklyn, NY 11222.

Address Square feet Purchase date Purchase price
215 Paidge Ave, Brooklyn 09/20/2006 $30,000,000
1140 Manhattan Ave, Brooklyn 7,950 07/29/1998
16 Dupont St, Brooklyn 464,814 06/24/2021 $22,931,881
65 Commercial St, Brooklyn 8,800
380 Kent Ave, Brooklyn
25 Paidge Ave, Brooklyn 28,786 09/28/2018 $62,000,000
440-456 McGuinness Blvd, Brooklyn
1160 Manhattan Ave, Brooklyn 1,885 11/13/2009 $315,000
19 Clay St, Brooklyn 10,526 08/11/2025
116 Clay St, Brooklyn 7,500 09/05/2017
445 Broadway, Brooklyn 39,345 12/27/1973
372 McGuinness Blvd, Brooklyn 05/05/2023
113 Broadway, Brooklyn 05/16/2016 $3,000,000
21 Dunham Pl, Brooklyn 5,947 07/20/1976
158 Dupont St, Brooklyn 5,000 12/20/2006 $805,000
437 McGuinness Blvd, Brooklyn 21,678 09/26/2019
501 Broadway, Brooklyn 1,690 03/27/1997
5 New Montrose Ave, Brooklyn 13,920 07/12/2022 $1,650,000
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