1240 EAST 48 STREET
1240 EAST 48 STREET is a Class B2 (two-family frame) building in Brooklyn (BBL 3077510075) built in 1935, with 2 residential units across 2 floors.
The building is in NYC community district 318, council district 45, zoning district R4, on a 2,500-square-foot lot with a building footprint of 2,400 square feet.
The current registered owner of record per NYC PLUTO is THE BANK OF NEW YORK MELLON.
The most recent ACRIS deed transfer for this BBL was recorded on June 18, 2024 when Davis, Lenore S Esq. conveyed the property to The Bank Of New York Mellon for $952K. The transaction was recorded as cash (no paired mortgage instrument).
Data sourced daily from NYC PLUTO (Department of City Planning), NYC ACRIS (Department of Finance), and NYC HPD housing-maintenance code violations.
Owner of record
Most recent deed
Recent ACRIS documents (last 3)
Building stats
- Zoning:
- R4
- Lot size:
- 2,500 sqft
- Building area:
- 2,400 sqft
- Floors:
- 2
- Assessed value:
- $69K
- Community district:
- 318
- Council district:
- 45
HPD violations
Recent HPD violation details
Recent ACRIS activity
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Frequently asked questions about 1240 EAST 48 STREET
Who owns 1240 EAST 48 STREET?
The current registered owner of record for 1240 EAST 48 STREET per NYC PLUTO is THE BANK OF NEW YORK MELLON. The most recent ACRIS deed transfer for this BBL was recorded on June 18, 2024 when the property was conveyed to The Bank Of New York Mellon. PLUTO ownership is refreshed monthly by NYC Department of Finance; the registered owner may not reflect transactions recorded within the last 30 days.
When was 1240 EAST 48 STREET last sold?
The most recent ACRIS deed transfer for 1240 EAST 48 STREET was recorded on June 18, 2024, when Davis, Lenore S Esq. conveyed the property to The Bank Of New York Mellon for $952K. The transaction was recorded as cash (no paired mortgage instrument).
How many HPD violations does 1240 EAST 48 STREET have?
No open HPD housing-maintenance code violations are on record for 1240 EAST 48 STREET. The building is not registered with NYC HPD's landlord-registration system, which is typical for owner-occupied 1-2 family dwellings. HPD violation data is pulled daily from the NYC Open Data violations feed.
What is the assessed value of 1240 EAST 48 STREET?
NYC Department of Finance assesses 1240 EAST 48 STREET at $69K for the current tax year. NYC assesses property at a fraction of estimated market value (the assessment ratio varies by tax class — 6% for tax class 1 one-to-three-family dwellings, approximately 45% for tax class 2 rental apartment buildings), so the market value implied by this assessment is meaningfully higher. Assessment data is published by NYC Department of Finance.
What building class is 1240 EAST 48 STREET and what does that mean?
1240 EAST 48 STREET is NYC building class B2 — Two-family frame. A two-family residential building of frame construction. Building class is assigned by NYC Department of Finance and recorded in PLUTO; it determines the property's tax class and the regulatory regime that applies.