1240 NEW YORK AVENUE
1240 NEW YORK AVENUE is a Class B2 (two-family frame) building in Brooklyn (BBL 3049490017) built in 1899, with 2 residential units across 2 floors.
The building is in NYC community district 317, council district 45, zoning district R6, on a 3,075-square-foot lot with a building footprint of 1,656 square feet.
The current registered owner of record per NYC PLUTO is MAGERICK, LLC.
The most recent ACRIS deed transfer for this BBL was recorded on December 29, 2025 when MAGERICK LLC conveyed the property to 7-1 REO LLC for $1. 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 5)
Building stats
- Zoning:
- R6
- Lot size:
- 3,075 sqft
- Building area:
- 1,656 sqft
- Floors:
- 2
- Assessed value:
- $61K
- Community district:
- 317
- Council district:
- 45
HPD violations
Recent HPD violation details
- Class BInspected Feb 14, 2005SECTION 27-2005 ADMIN. CODE: REPAIR THE ROOF SO THAT IT WILL NOT LEAK - FRONT AND REAR ROOMS 2 STY. APT.
- Class AInspected Feb 14, 2005SECTION 27-2013 ADMIN. CODE: PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT - CEILINGS FRONT, REAR ROOMS, AND KITCHEN…
- Class AInspected Feb 14, 2005SECTION 27-2027 ADMIN. CODE: REPAIR THE BROKEN OR DEFECTIVE RAIN LEADER - AT 1 STY. TO 2ND STY. SOUTH SIDE FRONT AND REAR.
- Class AInspected Feb 14, 2005SECTION 27-2027 ADMIN. CODE: REPAIR THE BROKEN OR DEFECTIVE GUTTER - 2ND. STY FRONT OF BUILDING.
- Class CInspected Feb 14, 2005SECTION 27-2031 ADMIN. CODE: PROVIDE HOT WATER AT ALL HOT WATER FIXTURES KITCHEN AND BATHROOM 1ST. STORY APT. 1.
Recent ACRIS activity
Other buildings in this portfolio
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Frequently asked questions about 1240 NEW YORK AVENUE
Who owns 1240 NEW YORK AVENUE?
The current registered owner of record for 1240 NEW YORK AVENUE per NYC PLUTO is MAGERICK, LLC. The most recent ACRIS deed transfer for this BBL was recorded on December 29, 2025 when the property was conveyed to 7-1 REO LLC. 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 NEW YORK AVENUE last sold?
The most recent ACRIS deed transfer for 1240 NEW YORK AVENUE was recorded on December 29, 2025, when MAGERICK LLC conveyed the property to 7-1 REO LLC for $1. The transaction was recorded as cash (no paired mortgage instrument).
How many HPD violations does 1240 NEW YORK AVENUE have?
No open HPD housing-maintenance code violations are on record for 1240 NEW YORK AVENUE. 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 NEW YORK AVENUE?
NYC Department of Finance assesses 1240 NEW YORK AVENUE at $61K 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 NEW YORK AVENUE and what does that mean?
1240 NEW YORK AVENUE 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.