18 BAY 40 STREET
18 BAY 40 STREET is a Class B1 (two-family brick) building in Brooklyn (BBL 3068670048) built in 1935, with 2 residential units across 2 floors.
The building is in NYC community district 311, council district 43, zoning district R5, on a 1,933-square-foot lot with a building footprint of 2,400 square feet.
The current registered owner of record per NYC PLUTO is SARA LI AS TRUSTEE.
The most recent ACRIS deed transfer for this BBL was recorded on July 7, 2023 when Li, Pun Lai; Li, Pun-lai; Li, Jenny Yuk Ling conveyed the property to Sara Li As Trustee; Li Family Irrevocable Trust for a non-disclosed consideration. 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 2)
Building stats
- Zoning:
- R5
- Lot size:
- 1,933 sqft
- Building area:
- 2,400 sqft
- Floors:
- 2
- Assessed value:
- $74K
- Community district:
- 311
- Council district:
- 43
HPD violations
Recent HPD violation details
Recent ACRIS activity
Frequently asked questions about 18 BAY 40 STREET
Who owns 18 BAY 40 STREET?
The current registered owner of record for 18 BAY 40 STREET per NYC PLUTO is SARA LI AS TRUSTEE. The most recent ACRIS deed transfer for this BBL was recorded on July 7, 2023 when the property was conveyed to Sara Li As Trustee; Li Family Irrevocable Trust. 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 18 BAY 40 STREET last sold?
The most recent ACRIS deed transfer for 18 BAY 40 STREET was recorded on July 7, 2023, when Li, Pun Lai; Li, Pun-lai; Li, Jenny Yuk Ling conveyed the property to Sara Li As Trustee; Li Family Irrevocable Trust for a non-disclosed consideration. The transaction was recorded as cash (no paired mortgage instrument).
How many HPD violations does 18 BAY 40 STREET have?
No open HPD housing-maintenance code violations are on record for 18 BAY 40 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 18 BAY 40 STREET?
NYC Department of Finance assesses 18 BAY 40 STREET at $74K 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 18 BAY 40 STREET and what does that mean?
18 BAY 40 STREET is NYC building class B1 — Two-family brick. A two-family residential building of brick construction, typically owner-occupied. 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.