54 E 40th St, Brooklyn, NY 11203 Property Records

New York City property record for 54 E 40th St, Brooklyn, NY 11203 · Last verified May 2026

Property Highlights

Property TypeCommercial > Office > Mixed Use Commercial Office / Residential
Year BuiltBuilt 1950
Square Footage1,811 sqft Gross Area
Lot Size2,300 sqft (0.053 acres)
Last Sale$580,000 (2017)
Tax Bill$5,997.00 (2025)

Property Details

APN / Parcel Number

Primary APN04860-0009
Alternative APNs
  • 1507048600009
  • 3-04860-0009

Interior

Units4 Units
Building Area1,811 sqft Gross Area
1st Floor1,811 sqft 1st Floor
Stories1 Stories

Exterior

Year BuiltBuilt 1950
Effective Year BuiltEffective 1950
Lot Area2,300 sqft (0.053 acres)
Depth X Width100 ft x 23 ft Depth x Width

Location & Zoning

Account Number3-04860-0009
Street Address54 E 40TH ST
CityBROOKLYN
StateNY
Zip11203-2911
Property UsageCommercial Property Usage
TypeCommercial > Office > Mixed Use Commercial Office / Residential
Legal Block4860
Legal Lot Number9
JurisdictionKINGS (BROOKLYN) NY
Minor Civil DivisionBROOKLYN
Census Blockgroup2
Census Block2003
Census Tract81400

Owner

Source: New York City records · APN 04860-0009

Assessment roll updated May 4, 2026 · Last verified May 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Mailing Address770 EMPIRE BLVD, 5L, BROOKLYN, NY 11213-5297
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Apr 28, 2021Deed of Trust, Mortgage
FM HOME LOANS, LLC
Jul 12, 2017Grant Deed, Subdivision Related Transfer · Conventional Mortgage
FRANKLIN FIRST FIN'L
Feb 15, 2017Grant Deed, Transfer
RIDGE ABSTRACT CORPORATION, RIDGE ABSTRACT CORP.

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleJul 12, 2017 · Amount on Record
Deed SaleJul 12, 2017 · Amount on Record
Prior SaleFeb 15, 2017 · Amount on Record
Deed Doc Number2017255652
Prior Transfer DateFeb 02, 2010
Prior Transfer Doc0000105807
Record RefreshedJun 08, 2026

April 2021: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionKINGS (BROOKLYN) NY
Property Address54 E 40TH ST, BROOKLYN, NY 11203-2911
Transaction TypeMortgage
Record UpdatedAug 19, 2022

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000154539
DateApr 28, 2021
Instrument2021000154539
Lender
NameFM HOME LOANS, LLC
Address2329 NOSTRAND AVE # 33, BROOKLYN, NY 11210
Agreement
AmountAmount Recorded

July 2017: Grant Deed, Subdivision Related Transfer

Document TypeGrant Deed
JurisdictionKINGS (BROOKLYN) NY
Recording DateJul 12, 2017
Property Address54 E 40TH ST, BROOKLYN, NY 11203-2911
Document Number0000255652
Instrument DateJun 23, 2017
Instrument255652
Transaction TypeSubdivision Related Transfer
Record UpdatedJul 18, 2017
Title CompanyRIVERSIDE ABSTRACT INC

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$2,320.00
Amount AccuracyConfirmed
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address770 EMPIRE BLVD #5L BROOKLYN NY 112135297, 5L, BROOKLYN, NY 11213-5297

Mortgage

Document Number255653
DateJul 12, 2017
Instrument255653
Lender
NameFRANKLIN FIRST FIN'L
TypeFunding / Finance Company
AddressMELVILLE, NY 11747
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term360 Months
DueJul 11, 2047

February 2017: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionKINGS (BROOKLYN) NY
Recording DateFeb 15, 2017
Property Address54 E 40TH ST, BROOKLYN, NY 11203-2911
Document Number0000063905
Instrument DateFeb 02, 2017
Instrument63905
Transaction TypeTransfer
Record UpdatedFeb 22, 2017
Title CompanyRIDGE ABSTRACT CORPORATION, RIDGE ABSTRACT CORP.

Transaction

AmountAmount Recorded
Tax$1,340.00
Amount AccuracyConfirmed
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address2990 AVENUE U BROOKLYN NY 112295108, BROOKLYN, NY 11229-5108

Tax Assessment & Valuation

Source: New York City records · Assessment roll updated May 4, 2026 · Last verified May 2026

Property Jurisdictions

TypeName
StateNew York
CountyKings County
MunicipalityNew York City
Unified School DistrictNew York City Department Of Education (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2026$32,940 (-22.02%) Land $12,540 Building $20,400$549,000 (-22.02%) Land $209,000 Building $340,000
2025$5,997.00 (+6.82%)
2023$5,614.00$42,240 Land $12,540 Building $29,700$704,000 Land $209,000 Building $495,000

Flood & Wildfire

Our records do not include FEMA flood map data for 54 E 40th St; wildfire exposure is none.

Flood

Source: FEMA National Flood Hazard Layer

FEMA Flood ZoneFEMA flood map data for this location is not available in our records

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities · 2nd edition (2024), fuels as of 2020

Wildfire Risk to HomesNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach of burnable land

Values are read at the parcel center point; lenders make the official flood determination.

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