540 EAST 38 STREET
540 EAST 38 STREET is a Class B3 (two-family converted) building in Brooklyn (BBL 3049540031) built in 1920, with 2 residential units across 2 floors.
The building is in NYC community district 317, council district 45, zoning district R4, on a 2,000-square-foot lot with a building footprint of 1,280 square feet.
The current registered owner of record per NYC PLUTO is SS 149 STREET INC.
The most recent ACRIS deed transfer for this BBL was recorded on November 1, 2023 when THE BANK OF NEW YORK MELLON; THE BANK OF NEW YORK; NEW CASTLE MORTGAGE SECURITIES TRUST 2007-1 conveyed the property to SS 149 STREET INC for $542K. The transaction was recorded as cash (no paired mortgage instrument).
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 OfficerSHAMSUDDIN SAHAB
- Corporate OwnerSS 149 STREET INC
- Site ManagerSAYDE SAHAB
Most recent deed
Activity timeline
Recent ACRIS documents (last 5)
Building stats
- Zoning:
- R4
- Lot size:
- 2,000 sqft
- Building area:
- 1,280 sqft
- Floors:
- 2
- Assessed value:
- $38K
- Community district:
- 317
- Council district:
- 45
HPD violations
Recent HPD violation details
- Class IInspected Nov 24, 2025§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 IInspected Nov 28, 2023§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 IInspected Nov 17, 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 IInspected Mar 16, 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 IInspected Apr 21, 2021§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…
Recent ACRIS activity
Frequently asked questions about 540 EAST 38 STREET
Who owns 540 EAST 38 STREET?
The current registered owner of record for 540 EAST 38 STREET per NYC PLUTO is SS 149 STREET INC. The most recent ACRIS deed transfer for this BBL was recorded on November 1, 2023 when the property was conveyed to SS 149 STREET 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 540 EAST 38 STREET last sold?
The most recent ACRIS deed transfer for 540 EAST 38 STREET was recorded on November 1, 2023, when THE BANK OF NEW YORK MELLON; THE BANK OF NEW YORK; NEW CASTLE MORTGAGE SECURITIES TRUST 2007-1 conveyed the property to SS 149 STREET INC for $542K. The transaction was recorded as cash (no paired mortgage instrument).
How many HPD violations does 540 EAST 38 STREET have?
No open HPD housing-maintenance code violations are on record for 540 EAST 38 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 540 EAST 38 STREET?
NYC Department of Finance assesses 540 EAST 38 STREET at $38K 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 540 EAST 38 STREET and what does that mean?
540 EAST 38 STREET is NYC building class B3 — Two-family converted. A two-family dwelling that was converted from a one-family. 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.