# 1623 40th Street, Brooklyn

Condominium · 3 units · built 2024 · Block 5383, Lot 7502.

On Umarelli: https://umarelli.org/nyc/3053837502/1623-40-street

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

## Building permits

- Alteration, filed May 18, 2026, estimated cost $5K, described as “Application to remove concrete block enclosure and concrete pad to address violation 39186230R, 39186229J; propose one new trash screening enclosure at front yard..”
- Alteration, filed Dec 13, 2024, estimated cost $1K, described as “Underground utility installation in conj with NB #321295745”
- Alteration, filed Jul 29, 2022, estimated cost $1K, described as “Filing Sprinkler plans in conjunction with NB #321295745”

## Property taxes

- Assessment: $168,233
- 2026–27 tax: $32,544
- Market value (city estimate): $2,803,883
- Taxable value: $164,009
- Assessed land: $42,120
- Assessed improvements: $126,113
- Condo units with their own tax lots: 3

## Zoning

R5: floor area ratio 2.20 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Apr 14, 2026: $1,221,900, Apt 1
- Dec 29, 2025: $1,670,000, Apt 3
- Oct 20, 2025: $1,750,000, Apt 2

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 448 Dahill Road in Borough Park, Brooklyn](https://newyorkyimby.com/2020/07/permits-filed-for-448-dahill-road-in-borough-park-brooklyn.html), New York YIMBY, Jul 2, 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