# 1240 39th Street, Brooklyn

Commercial · built 2023 · Block 5293, Lot 21.

On Umarelli: https://umarelli.org/nyc/3052930021/1240-39-street

More construction in Borough Park: https://umarelli.org/nyc/brooklyn/borough-park.md

## Building permits

- Alteration, filed Feb 15, 2023, estimated cost $1K, described as “Temporary pump-jack scaffold in conjunction with NB application 321598990”
- Alteration, filed Jan 17, 2023, estimated cost $3K, described as “Structural and foundation work type for proposed 7-story cast-in-place concrete building w/ cellar in conjunction NB job application: 321598990”
- Alteration, filed Dec 20, 2022, estimated cost $3K, described as “Installation of system beam as per plans. All equipment shall comply with chapter #33 of the 2014 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 13, 2022, estimated cost $10K, described as “Installation of pipe scaffolding and system beam as per plans. All equipment shall comply with chapter # 33 of the 2014 code. No change in use occupancy or egress under this application.”
- Alteration, filed Aug 29, 2022, estimated cost $5K, described as “Installation of 300PSF sidewalk shed, overhead protection and roof protection as per plans. All equipment shall comply with chapter # 33 of the 2014 code, no changes in use in egress or occupancy under this application.”
- Alteration, filed Jun 3, 2022, estimated cost $1K, described as “Construction Fence”
- Alteration, filed Mar 11, 2021, estimated cost $1K, described as “Mechnical filing in conjuction with NB application 321598990. No change in use, egress or occupancy.”
- Alteration, filed Feb 16, 2021, estimated cost $1K, described as “Sprinkler application in conjunction with NB #321598990. No change in use, egress or occupancy”
- Alteration, filed Jan 27, 2021, estimated cost $1K, described as “Plumbing application in conjunction with new building application #321598990. No change in use, egress or occupancy”
- Alteration, filed Dec 4, 2020, estimated cost $5K, described as “8' Height proposed fence”
- Alteration, filed Apr 10, 2019, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Jan 29, 2019, estimated cost $160, described as “Proposed construction fence. No change to use, egress or occupancy under this application.”

## Property taxes

- Assessment: $2,305,800
- 2026–27 tax: $22,485
- Market value (city estimate): $5,124,000
- Taxable value: $2,076,030
- Assessed land: $317,250
- Assessed improvements: $1,988,550

## Tax breaks

- ICAP abatement, through Jun 30, 2049, a $202,723 credit this tax year.

## Zoning

R6: floor area ratio 5.71 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Oct 20, 2021: $3,000,000
- Mar 28, 2018: $1,050,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Permits Filed for 1240 39th Street in Borough Park, Brooklyn](https://newyorkyimby.com/2020/03/permits-filed-for-1240-39th-street-in-borough-park-brooklyn.html), New York YIMBY, Mar 25, 2020.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology