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PropertyDiSHi

240 Willoughby Street

Brooklyn · Parcel 3020880025
463
Residential units
1946
Year built
379,683 sq ft
Building area
7
Open violations
$36,367,200
Assessed value

Analysis

AI-generated Risk: High

The property carries high risk because of substantial safety penalties and residential over‑building, but a recent arm‑length sale and strong market value provide some upside potential.

The good

  • Recent arms‑length sale in 2021 at $75,000,000 with market value on record of $80,816,000 suggests price upside
  • No legal proceedings and not on a tax‑lien sale list reduces transactional risk
  • Zero open violations per residential unit indicates compliance at the unit level
  • Large building with 463 residential units and 33 floors provides significant rental inventory

The bad

  • High assessed risk (high) due to penalties above $25,000; safety‑violation penalties total $58,000
  • Building is over‑built for residential use (built FAR 12.35 vs residential limit 2.43), limiting future expansion or conversion
  • Seven open violations, even though per‑unit rate is 0, represent unresolved compliance issues
  • Assessed value increased 362.9% from prior assessment, indicating possible valuation volatility

Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.

What the numbers say

Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.

Already larger than residential zoning would allow

The building occupies a floor-area ratio of 12.35, against a residential limit of 2.43 — it is over that limit by 9.92. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.

A light open-violation load

Only 7 violations are currently open across 463 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.

Last recorded sale

Recorded at $75,000,000 on 29 Dec 2021 — $161,987 per residential unit, $198 per built square foot, 2.06× the assessed value.

Assessed value trend

Assessed value has risen 362.9% across the 5 assessment years on record (2023 to 2027), standing at $36,367,200. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.

Development & zoning

Floor-area ratio

Built12.35
Residential limit2.43
Commercial limit0.00
Community-facility limit4.80

Development headroom (calculated) calculated

Highest permitted ratio4.80
Unused ratio-7.55
Unused buildable area—
Lot area30,744 sq ft

Value & taxes

Assessment

Assessed total$36,367,200
Assessed land$3,458,700
Assessed building$32,908,500
Market value on record$80,816,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$35,107,613
Tax rate12.502%
Estimated annual levy$4,389,153.78

The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.

Assessed value by year

YearAssessed valueChange
2027$36,367,200—
2026$24,567,750+48.0%
2025$14,013,000+75.3%
2024$8,333,100+68.2%
2023$7,857,000+6.1%

Building & occupancy

Structure

Year built1946
Floors33
Building area379,683 sq ft
Residential area354,257 sq ft
Commercial area25,426 sq ft

Occupancy

Total units464
Residential units463
Residential Avg unit size765 sq ft (calculated)
Commercial Avg unit size25,426 sq ft (calculated)
Building classD5

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayDeKalb Av (B, Q, R) — 0.22 mi
School district13
Police precinct88
Nearest firehouseEngine 210 — 160 Carlton Ave.

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone

Building compliance

BoilerDefects reported (2020)
FacadeRepairs required

Energy & emissions

Energy use intensity7.0 kBtu/ft²
Greenhouse-gas emissions257 metric tons/yr

Record activity

Compliance calculated

Open violations7
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$58,000.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded163
Permits / alterations72
Recorded documents49
Legal proceedings0

Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.

Ownership & last recorded sale

Owner of record

Owner240 Willoughby Ground Lessor LLC
Parcel3020880025
Block2088
Lot25
Mortgage on record$33,500,000 (2025) — M & T Realty Capital Corporation
Fixture liens2 active fixture liens

Last recorded transfer

Date29 Dec 2021
Recorded price$75,000,000
Price per unit$161,987
Price vs assessed2.06×

Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.

Open violations

Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.

IssuedCategoryClassStatusAmount dueDescription
18 Sep 2025BuildingGas Piping - a local lawActive—Cycle 1, Sub-cycle B (premises is in Community District 2
1 Oct 2024EnforcementCLASS - 1ACTIVE—FAILURE TO SUBMIT THE REQUIRED PARKING STRUCTURE INITIAL OBSERVATION REPORT FOR AN EXISTING PARKING STRUCTURE OR A PERIODIC INSPECTION OF A PARKING STRUCTURE(PIPS) REPORT DOCUMENTING THE CONDITIONS OF PSID#B000
11 Apr 2024EnforcementCLASS - 2ACTIVE—FAILURE TO SUBMIT AN ACCEPTABLE REQUIRED CYCLE 9B REPORT OF CRITICAL EXAMINATION DOCUMENTING CONDITION OF EXTERIOR WALL AND APPURTENANCES REQUIRED BY 28-302.4 FOR CONTROL #909554. REMEDY: SUBMIT ACCEPTABLE REQU
22 Feb 2023BuildingFacadesActive—CYCLE 9B NO REPORT FILED
21 Aug 2007HousingBFIRST NO ACCESS TO RE- INSPECT VIOLATION—D26-20.08 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE 17 STY SOUTHEAST APT 17J LAWINDY. LOCATED AT APT 17J
21 Aug 2007HousingBFIRST NO ACCESS TO RE- INSPECT VIOLATION—D26-20.08 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE 7 STY EAST APT 7F 1ST FROM SOUTHEAST SECTION NELSON. LOCATED AT APT 7F
21 Aug 2007HousingBFIRST NO ACCESS TO RE- INSPECT VIOLATION—D26-20.08 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE 15 STY CENTER EAST APT 15H EAST SECTION DELBALLE. LOCATED AT APT 15H

Complaints

A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.

DateProblemTypeStatusClosed
22 Sep 2026Garage or Parking LotConsumer ComplaintClosed24 Sep 2026
22 Sep 2026Blocked - ConstructionSidewalk ConditionIn Progress—
16 Sep 2026MOLDUNSANITARY CONDITIONClosed24 Sep 2026
16 Sep 2026Chemical Vapors/Gases/OdorsIndoor Air QualityClosed17 Sep 2026
16 Sep 2026Vent/Exhaust - Illegal/ImproperGeneral Construction/PlumbingAssigned25 Sep 2026
13 Sep 2026Partial AccessBlocked DrivewayClosed13 Sep 2026
13 Sep 2026Partial AccessBlocked DrivewayClosed13 Sep 2026
9 Sep 2026MOLDUNSANITARY CONDITIONClosed24 Sep 2026
9 Sep 2026VentilationIndoor Air QualityClosed10 Sep 2026
4 Sep 2026Elevator - Multiple Devices On PropertyElevatorOpen4 Sep 2026
25 Aug 2026Banging/PoundingNoise - ResidentialClosed25 Aug 2026
23 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed23 Aug 2026
12 Aug 2026Posted Parking Sign ViolationIllegal ParkingClosed12 Aug 2026
9 Aug 2026Waste Set Out Too Early or Too LateResidential Disposal ComplaintClosed10 Aug 2026
9 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed9 Aug 2026
8 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed8 Aug 2026
5 Aug 2026Waste Left in Front of Other ResidenceResidential Disposal ComplaintClosed15 Aug 2026
5 Aug 2026Waste Set Out Too Early or Too LateResidential Disposal ComplaintClosed7 Aug 2026
3 Aug 2026Odor/TasteWater QualityClosed5 Aug 2026
2 Aug 2026Waste Left in Front of Other ResidenceResidential Disposal ComplaintClosed3 Aug 2026
31 Jul 2026Other (complaint detailsAnimal-AbuseClosed31 Jul 2026
31 Jul 2026TorturedAnimal-AbuseClosed31 Jul 2026
31 Jul 2026NeglectedAnimal-AbuseClosed31 Jul 2026
28 Jul 2026Waste Left in Front of Other ResidenceResidential Disposal ComplaintClosed30 Jul 2026
20 Jul 2026Blocked SidewalkIllegal ParkingClosed20 Jul 2026
10 Jul 2026Lead Kit Request (Residential) (L10LeadClosed10 Jul 2026
20 Jun 2026No AccessBlocked DrivewayClosed20 Jun 2026
12 Jun 2026Lead Kit Request (Residential) (L10LeadClosed15 Jun 2026
8 Jun 2026Cons - Contrary/Beyond Approved Plans/PermitsGeneral Construction/PlumbingClosed24 Jul 2026
17 May 2026APARTMENT ONLYHEAT/HOT WATERClosed18 May 2026
16 May 2026APARTMENT ONLYHEAT/HOT WATERClosed18 May 2026
7 May 2026VENTILATION SYSTEMGENERALClosed29 May 2026
4 May 2026Allowed in Smoke Free AreaSmoking or VapingClosed3 Jul 2026
26 Apr 2026Partial AccessBlocked DrivewayClosed26 Apr 2026
22 Apr 2026Partial AccessBlocked DrivewayClosed22 Apr 2026
20 Apr 2026ENTIRE BUILDINGHEAT/HOT WATERClosed22 Apr 2026
18 Apr 2026APARTMENT ONLYHEAT/HOT WATERClosed20 Apr 2026
16 Apr 2026No Parking, Standing, StoppingStreet Sign - MissingIn Progress—
7 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed7 Apr 2026
31 Mar 2026Trash or Recycling Not SecureResidential Disposal ComplaintClosed4 Apr 2026
31 Mar 2026Partial AccessBlocked DrivewayClosed31 Mar 2026
30 Mar 2026TorturedAnimal-AbuseClosed30 Mar 2026
30 Mar 2026NeglectedAnimal-AbuseClosed30 Mar 2026
30 Mar 2026No AccessBlocked DrivewayClosed30 Mar 2026
19 Mar 2026Lead Kit Request (Residential) (L10LeadClosed20 Mar 2026
19 Mar 2026WATER SUPPLYPLUMBINGClosed24 Mar 2026
19 Mar 2026No Parking, Standing, StoppingStreet Sign - MissingIn Progress—
10 Mar 2026Elevator - Multiple Devices On PropertyElevatorClosed11 Jun 2026
7 Mar 2026Condition Attracting RodentsRodentClosed7 Mar 2026
2 Mar 2026Loud Music/PartyNoise - ResidentialClosed3 Mar 2026

Showing the 50 most recent of 150. The full set is available in the interactive report.

Permits & alterations

The absence of a permit does not prove no work was done — it may equally mean work was done without one.

IssuedTypeStatusWork
17 Oct 2025Curb CutSigned-offCURB CUT INSTALLATION FILED IN CONJUNCTION WITH ALT CO JOB NUMBER B00525904-I1
4 Apr 2025PlumbingSigned-offApplication filed herewith for Plumbing System
2 Apr 2025Mechanical SystemsSigned-offGenerator Filing
31 Mar 2025Suspended ScaffoldSigned-offApplication for the installation and use of suspended scaffold as per plans filed herein. No change in egress, use or occupancy
31 Jan 2025Mechanical SystemsSigned-offApplication herewith filed for Mechanical System
29 Jan 2025StandpipeSigned-offTEMP SD FILED FOR NB
23 Dec 2024Protection and Mechanical MethodsSigned-offInstallation of temporary needle beam installation for overhead protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application
7 Nov 2024Construction FenceSigned-offINSTALLATION OF TEMPORARY FENCE AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
20 Jun 2024Suspended ScaffoldSigned-offInstallation of 4 point suspended scaffold
14 Jun 2024Protection and Mechanical MethodsSigned-offInstallation of 6,200# temporary single car personnel/material hoist per plan and application submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
8 Apr 2024StandpipeSigned-offFiling Temp Standpipe in accordance with a local law in conjunction with Building# B00709209-I1 - Remove Sprinkler system from 1st,2nd 9th through 12 the floors
28 Mar 2024StandpipeSigned-offApplication herewith filed for Sprinkler/Standpipe system in conjunction with Alt CO job number B00525904-I1
15 Mar 2024Supported ScaffoldSigned-offInstallation of temporary supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application
8 Jan 2024Protection and Mechanical MethodsSigned-offInstallation of 7,000# temporary dual car personnel/material hoists per plan and application submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application
20 Jan 2023DMISSUED—
5 Jan 2023StructuralSigned-offStructure herewith filed in conjunction with NB job number B00525904-I1
28 Dec 2022StructuralPermit IssuedApplication herewith filed for Structure in conjunction with Alt CO B00525904-I1
27 Dec 2022General ConstructionPermit IssuedAlt CO herewith filed for a new 33 Story extension to existing 21 story building, a total of 463 units
21 Jul 2022Sidewalk ShedSigned-offInstallation of temporary sidewalk shed per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application
6 May 2022General ConstructionSigned-offProposed of demo for interior of building
18 Jan 2022A2ISSUED—
28 Dec 2021FoundationSigned-offFoundation & earthwork herewith filed for 240 Willoughby St. Zoning approval has been obtained for the new 33 Story extension to existing 21 story building, a total of 477 units proposed under Alt CO job number B00525904-I1
17 Dec 2021A2ISSUED—
17 Dec 2021A1ISSUED—
10 Dec 2021Support of ExcavationSigned-offSupport of Excavation herewith filed for 240 Willoughby St. Zoning approval has been obtained for Alt CO B00525904, please refer to approved zoning and egress sheets
26 Feb 2020SprinklersSigned-offsprinkler work for garage (block 2088, lot 30
13 Feb 2020A2ISSUED—
11 Oct 2019A2ISSUED—
31 Jul 2013A2ISSUED—
31 Jan 2013A2ISSUED—
31 Jan 2013A2ISSUED—
28 Sep 2012A2ISSUED—
28 Sep 2012A2ISSUED—
28 Sep 2012A2ISSUED—
28 Sep 2012A2ISSUED—
28 Sep 2012A2ISSUED—
14 May 2010A2ISSUED—
14 May 2010A2ISSUED—
16 Apr 2010A2ISSUED—
12 Mar 2010A3ISSUED—
12 Mar 2010A3ISSUED—
27 May 2009A3ISSUED—
5 Sep 2008A3ISSUED—
5 Sep 2008A3ISSUED—
5 Sep 2008A3ISSUED—
5 Sep 2008A3ISSUED—
1 Apr 2008A3ISSUED—
16 Jan 2008A2ISSUED—
15 Jan 2008A3ISSUED—
27 Aug 2007A2ISSUED—

Showing the 50 most recent of 72. The full set is available in the interactive report.

Recorded documents

Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.

RecordedTypeAmountFromTo
14 Apr 2026SAGE———
3 Mar 2026SAGE———
22 Jul 2025TL&R———
22 Jul 2025ASSTO$210,500,000——
22 Jul 2025Agreement$141,500,000——
22 Jul 2025Mortgage$33,500,000——
22 Jul 2025Assignment———
22 Jul 2025MLEA———
12 May 2025Assignment———
12 May 2025AALR———
7 Apr 2025Release———
7 Apr 2025TL&R———
26 Feb 2025TL&R———
26 Feb 2025Mortgage$36,000,000——
26 Feb 2025Assignment———
26 Feb 2025Agreement$108,000,000——
26 Feb 2025Assignment———
26 Feb 2025TL&R———
26 Feb 2025AL&R$108,000,000——
16 Jun 2022Transfer tax return$75,730,829——
16 Feb 2022Satisfaction of mortgage———
27 Jan 2022TL&R———
29 Dec 2021Deed$75,000,000——
29 Dec 2021MLEA———
29 Dec 2021SAGE———
29 Dec 2021Satisfaction of mortgage———
29 Dec 2021Mortgage$55,506,958——
29 Dec 2021AL&R$55,506,958——
29 Dec 2021Mortgage$16,493,042——
29 Dec 2021AL&R$16,493,042——
19 Oct 2021CERR———
10 Nov 2020Assignment———
10 Sep 2019AL&R$60,000,000——
10 Sep 2019Agreement$60,000,000——
10 Sep 2019Assignment———
10 Sep 2019CERR———
10 Sep 2019CERT———
10 Sep 2019Deed$95,000,000——
10 Sep 2019DEVR———
10 Sep 2019EASE———
10 Sep 2019Mortgage$20,000,000——
10 Sep 2019Mortgage$43,500,000——
10 Sep 2019SAGE———
10 Sep 2019SAGE———
10 Sep 2019SAGE———
10 Sep 2019SAGE———
10 Sep 2019ZONE———
10 Sep 2019TL&R———
10 Sep 2019TERL———

About this page

Compiled from New York City public records — data retrieved 1 day ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.

This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.