940 40th Street, Brooklyn
Condominium · 7 units · built 2014 · Block 5586, Lot 7501.
Building permits
No building permits on file for this lot.
Property taxes
- Assessment
- $868,949
- 2026–27 tax
- $18,016
- Market value (city estimate)
- $1,931,000
- Taxable value
- $363,832
- Assessed land
- $74,700
- Assessed improvements
- $794,249
- Condo units with their own tax lots
- 9
Tax breaks
- 421-a exemption, through Jun 30, 2033, about $52,476 a year below the full tax.
Zoning
R6: floor area ratio 3.45 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.
Recent sales
- May 2, 2022: $490,000, Apt 3B
- Jun 16, 2021: $492,000, Apt 3A
- Oct 17, 2017: $489,762
- Aug 18, 2017: $486,720
- Aug 4, 2017: $466,440
- Jul 18, 2017: $471,510
Open-market sales since 2016, from the Department of Finance’s sales files.