40 Lynch Street, Brooklyn
Parochial school · built 1970 · Block 2235, Lot 55.
Building permits
- Major Renovation — Non-residential, filed Jun 17, 2026, estimated cost $5.5M, 4 stories, described as “Application filed herewith to vertically and horizontally enlarge an existing 1 story building to a four-story school building”
- Demolition, filed Aug 16, 2023, estimated cost $250K, described as “Full demolition to a two story building.”
Property taxes
- Assessment
- $1,348,200
- Market value (city estimate)
- $2,996,000
- Taxable value
- $0
- Assessed land
- $138,600
- Assessed improvements
- $1,209,600
Tax breaks
- Nonprofit exemption (religious school), with no end date, about $146,253 a year below the full tax.
Zoning
R7-1: floor area ratio 1.37 built, 3.44 allowed by base zoning.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.