516 40 STREET
516 40 STREET is a Class C0 (walk-up, 3+ families) building in Brooklyn (BBL 3009170013) built in 1920, with 3 residential units across 2 floors.
The building is in NYC community district 307, council district 38, zoning district R6B, on a 1,713-square-foot lot with a building footprint of 2,216 square feet.
The current registered owner of record per NYC PLUTO is 516-40 HOLDINGS INC.
The most recent ACRIS deed transfer for this BBL was recorded on September 20, 2023 when NIEVES, JUAN; NIEVES, RENEE conveyed the property to 516-40 HOLDINGS INC for $1.17M. The transaction was financed with a $630K mortgage from Empire State Bank.
The building is registered with NYC HPD's landlord-registration system and has no open HPD housing-maintenance code violations on record as of May 18, 2026.
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
HPD registered contacts
- Head OfficerDENNIS LIN
- Corporate Owner516-40 HOLDINGS INC
Most recent deed
Recent ACRIS documents (last 5)
Building stats
- Zoning:
- R6B
- Lot size:
- 1,713 sqft
- Building area:
- 2,216 sqft
- Floors:
- 2
- Assessed value:
- $74K
- Community district:
- 307
- Council district:
- 38
HPD violations
Recent HPD violation details
- Class AInspected Jun 6, 2025(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
- Class AInspected Apr 8, 2024(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
- Class AInspected Mar 20, 2023(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
- Class IInspected Nov 14, 2022§27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE…
- Class AInspected Feb 22, 2022(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD…
Recent ACRIS activity
Frequently asked questions about 516 40 STREET
Who owns 516 40 STREET?
The current registered owner of record for 516 40 STREET per NYC PLUTO is 516-40 HOLDINGS INC. The most recent ACRIS deed transfer for this BBL was recorded on September 20, 2023 when the property was conveyed to 516-40 HOLDINGS INC. 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 516 40 STREET last sold?
The most recent ACRIS deed transfer for 516 40 STREET was recorded on September 20, 2023, when NIEVES, JUAN; NIEVES, RENEE conveyed the property to 516-40 HOLDINGS INC for $1.17M. The transaction was financed with a $630K mortgage from Empire State Bank.
How many HPD violations does 516 40 STREET have?
No open HPD housing-maintenance code violations are on record for 516 40 STREET as of May 18, 2026. The building is registered with NYC HPD's landlord-registration system. HPD violation data is pulled daily from the NYC Open Data violations feed.
What is the assessed value of 516 40 STREET?
NYC Department of Finance assesses 516 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 516 40 STREET and what does that mean?
516 40 STREET is NYC building class C0 — Walk-up, 3+ families. A 3-to-6-story walk-up apartment building (no elevator), 3 or more residential units. 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.