# 929 40th Street, Brooklyn

Condominium · 20 units · built 2006 · Block 5583, Lot 7501.

On Umarelli: https://umarelli.org/nyc/3055837501/929-40-street

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

Every lot on block 5583: https://umarelli.org/nyc/brooklyn/5583.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $1,789,199
- 2026–27 tax: $207,254
- Market value (city estimate): $3,975,997
- Taxable value: $1,789,199
- Assessed land: $481,500
- Assessed improvements: $1,307,699
- Condo units with their own tax lots: 20

## Tax breaks

- Co-op and condo abatement, with no end date, a $15,304 credit this tax year.

## Zoning

R6 (part of the lot is R7A): floor area ratio 1.31 built, 2.43 allowed by base zoning.

## Recent sales

- Mar 30, 2026: $1,550,000, Apt B-1
- Oct 6, 2025: $1,225,000, Apt E-2
- Jun 9, 2025: $750,000, Apt C-1
- Jun 6, 2024: $980,000, Apt A-3
- Sep 1, 2021: $825,000, Apt D-2
- Dec 31, 2019: $745,000, Apt E-4
- Jun 25, 2017: $425,000, Apt A-4

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

## Flood zone

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

## Board and land use applications

- 3901 9th Avenue Rezoning (City Planning P2016K0080): Completed, decided Nov 27, 2018. This is a private application by 39 Group Inc requesting a zoning map amendment from M1-2 to R7A/C2-4 and a zoning text amendment to designate an MIH area to facilitate a new six-story mixed use development with 40 dwelling units…

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