# 1370 40th Street, Brooklyn

Condominium · 4 units · built c. 1931 · Block 5297, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3052977501/1370-40-street

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

## Building permits

- Alteration, filed Feb 6, 2024, estimated cost $10K, described as “Proposed drop curb filing in conjunction with alt i application #B00651442. No change in use occupancy or egress.”
- Alteration, filed Sep 5, 2023, estimated cost $2K, described as “Installation of pipe scaffold as per plans in compliance with chapter 33 of nycbc. No change in use, egress, or occupancy under this application”
- Alteration, filed May 16, 2023, estimated cost $80K, described as “Mechanical Systems filed herein in conjunction with ALT I B00651442”
- Alteration, filed May 16, 2023, estimated cost $202K, described as “Sprinkler and Plumbing filed herein in conjunction with the Alt I B00651442”
- Alteration, filed Jan 11, 2023, estimated cost $6K, described as “Installation of heavy duty sidewalk shed as per chapter 33 of NYCBC. No change in use, egress, or occupancy”
- Alteration, filed Sep 29, 2022, estimated cost $25K, described as “Support of excavation in conjunction with alteration type i application B00651442. No change in use occupancy or egress under this application.”
- Alteration, filed Sep 29, 2022, estimated cost $25K, described as “Foundation and specifications in conjunction with alteration type i application B00651442. No change in use occupancy or egress under this application.”
- Major Renovation — Residential, filed Jan 11, 2022, estimated cost $1.1M, 2 units in all, 4 stories, described as “Application filed herewith to extend horizontally and vertically existing 3 story structure and interior renovations.”
- Alteration, filed Jan 6, 2022, estimated cost $1K, described as “Temporary construction fence in conjunction with alt i application B00651442. No change in use.”

## Property taxes

- Assessment: $887,400
- 2026–27 tax: $26,216
- Market value (city estimate): $1,972,000
- Taxable value: $210,754
- Assessed land: $56,250
- Assessed improvements: $831,150
- Condo units with their own tax lots: 2

## Zoning

R6: floor area ratio 2.86 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

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

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