Richmond  »  10304  »  Prospect St  »  40 Prospect St

40 Prospect Street, Staten Island, NY 10304 - Property report

Also known as: 551 Bay St

Property image for 40 Prospect Street, Staten Island, NY 10304
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Property type

Elevator Apartment - Fireproof with Stores (D6)

Year built

2011

Lot sq. ft.

50,545

Sale price

$1

General information

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Address
Primary address
40 Prospect Street
Alternate address(es)
551 Bay St
ZIP code
10304
Neighborhood
Stapleton
Borough
Staten island
Block & lot
00491-0011

Owner

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Building
Property type
Elevator Apartment - Fireproof with Stores (D6)
Building sq. ft.
100,670
Building dimensions
150 ft x 160 ft
Buildings on lot
1
Stories
6
Year built
2011
Building material
Sales
Sale date
06/29/2010
Sale price
$1
Tax
Tax year
2026-2027
Property tax
$38,052
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
92
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
159.65 ft x 281 ft
Lot sq. ft.
50,545

Area overview

Walk score
92 /100.  Walker's Paradise
Transit score
71 /100.  Excellent Transit
Bike score
71 /100.  Very Bikeable
School district
31
Community district
1
Closest police station
1.09 Miles
Closest fire station
0.22 Miles

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Ownership information for 40 Prospect Street, Staten Island, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 40 Prospect Street, Staten Island, NY 10304

Sale date Sale price Buyer name Seller name
06/29/2010 $1 XXX XXXXXX XXXXXX XXX XXXX XX XXX XXXX; XXXXXXXXXX XX XXXXXXX XXXXXXXXXXXX XXX XXXXXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
12/16/2025 - R
07/05/2025 - D
NYC Real Property Transfer Tax
(2025121600606001)
XXXXXX XXXX XXX XXXX XXXXXXXX XXX

*Most recent recorded document on file for this property.

R: Recorded date
D: Document date

Property taxes for 40 Prospect Street, Staten Island, 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
$38,052
Municipal exemptions
Recent tax assessments
Market value
$7,951,000
Assessed value
$3,577,950

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 $8,033,000 $3,614,850 $305,910 12.439% $437,706 $38,052 -0.49%
2024/25 $7,226,000 $3,251,700 $305,910 12.5% $406,463 $38,239 -0.02%
2023/24 $7,870,000 $3,541,500 $305,910 12.502% $442,758 $38,245 +1.92%
2022/23 $7,758,000 $3,491,100 $305,910 12.267% $428,253 $37,526 +0.26%
2021/22 $8,211,000 $3,694,950 $305,910 12.235% $452,077 $37,428 -0.26%
2020/21 $9,104,000 $4,096,800 $305,910 12.267% $461,959 $37,526 -1.65%
2019/20 $8,339,000 $3,752,550 $305,910 12.473% $450,195 $38,156 -1.10%
2018/19 $8,197,000 $3,688,650 $305,910 12.612% $449,208 $38,581 -0.84%
2017/18 $8,119,000 $3,653,550 $305,910 12.719% $448,589 $38,909 -1.34%
2016/17 $8,084,000 $3,637,800 $305,910 12.892% $466,676 $39,438 +0.07%

Permit information for 40 Prospect Street, Staten Island, NY

Filing date Job type Job status Job description Initial cost
02/08/2016 Alteration type 3
02/08/2016 Alteration type 3
02/08/2016 Sign
02/08/2016 Sign
03/25/2014 Alteration type 1

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
03/20/2020 E-elevator elevatorrequired
03/20/2020 E-elevator elevatorrequired
03/14/2019 E-elevator elevatorrequired

*Most recent DOB violations on record for this property.

Staten Island commercial market stats

Review a detailed real estate market overview of Staten Island and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Staten Island and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$348

-1.7% Y-o-Y

Q1 2026 median price/sq. ft.

$335

1% Y-o-Y

2025 median price/sq. ft.

$331

3.7% Y-o-Y

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

Risk

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FEMA flood zones

Property location map
FEMA flood zones
0.2,AE

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
1

Subway & traffic

Closest station
Bay St & Cross St at NE Corner
Station lines
SIR
Distance (miles)
0.047

Access the detailed traffic volume map for 40 Prospect Street, Staten Island, NY 10304 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

Frequently asked questions

What is the year built for 40 Prospect Street, Staten Island, NY 10304?

The development at 40 Prospect Street, Staten Island, NY 10304 was built in 2011.

What is the market value of 40 Prospect Street, Staten Island, NY 10304?

The current market value of 40 Prospect Street, Staten Island, NY 10304 is $7,951,000.

What is the total square footage of 40 Prospect Street, Staten Island, NY 10304?

40 Prospect Street, Staten Island, NY 10304 has a total of 100,670 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

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