300 EAST 40 STREET
300 EAST 40 STREET is a Class B1 (two-family brick) building in Brooklyn (BBL 3048930029) built in 1940, with 2 residential units across 1 floor.
The building is in NYC community district 317, council district 40, zoning district R5, on a 4,000-square-foot lot with a building footprint of 2,600 square feet.
The current registered owner of record per NYC PLUTO is MOHAMMED O. FARID AS TRUSTEE.
The most recent ACRIS deed transfer for this BBL was recorded on December 9, 2021 when POWELL, COLIN E conveyed the property to 300 E 40TH ST INTERVIVOS REVOCABLE TRUST; MOHAMMED O. FARID AS TRUSTEE for $968K. The transaction was financed with a $823K mortgage from Mortgage Electronic Registration Systems Inc; First Savings Bank.
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:
- R5
- Lot size:
- 4,000 sqft
- Building area:
- 2,600 sqft
- Floors:
- 1
- Assessed value:
- $56K
- Community district:
- 317
- Council district:
- 40
HPD violations
Recent HPD violation details
- Class AInspected Apr 9, 2004SECTION 27-2013 ADMIN. CODE: PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT CEILING AND WALLS THRO-OUT 1ST STORY APT
- Class CInspected Apr 9, 2004SECTION 27-2005 ADMIN. CODE: REMOVE THE ILLEGAL FASTENING DOUBLE CYLINDER KEY LOCK INSTALLED ENTRANCE DOOR 1ST STORY APT
Recent ACRIS activity
Frequently asked questions about 300 EAST 40 STREET
Who owns 300 EAST 40 STREET?
The current registered owner of record for 300 EAST 40 STREET per NYC PLUTO is MOHAMMED O. FARID AS TRUSTEE. The most recent ACRIS deed transfer for this BBL was recorded on December 9, 2021 when the property was conveyed to 300 E 40TH ST INTERVIVOS REVOCABLE TRUST; MOHAMMED O. FARID AS TRUSTEE. 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 300 EAST 40 STREET last sold?
The most recent ACRIS deed transfer for 300 EAST 40 STREET was recorded on December 9, 2021, when POWELL, COLIN E conveyed the property to 300 E 40TH ST INTERVIVOS REVOCABLE TRUST; MOHAMMED O. FARID AS TRUSTEE for $968K. The transaction was financed with a $823K mortgage from Mortgage Electronic Registration Systems Inc; First Savings Bank.
How many HPD violations does 300 EAST 40 STREET have?
No open HPD housing-maintenance code violations are on record for 300 EAST 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 300 EAST 40 STREET?
NYC Department of Finance assesses 300 EAST 40 STREET at $56K 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 300 EAST 40 STREET and what does that mean?
300 EAST 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.