NOT LISTED FOR SALE

1032 40th St Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $1,208,000 - $1,833,629

9 Beds
3 Baths
2,160 Sq Ft
$678/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $1,360,000 $630 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,361/month

8 Days on Market

Highlights

  • Water Access
  • 5-minute walk to 9 Avenue
  • Baseboard Heating
  • I.S. 223 The Montauk Rated A-
  • Window Unit Cooling System
  • 3-minute walk to Brizzi Playground

About This Home

As of December 2021

3 family Brick house in the heart of Borough Park/Sunset Park area. Convenience to everything. Closed to Park, walk to Supermarket, and near restaurants. Two blocks walk to D Train. Each floor contains 3 beds and a full bath. Unfinished basement. Good school zone and neighborhood. Great investment for your own use.

Last Agent to Sell the Property

Oi Kui

Springair Sunshine Int. Group License #10491205422 Listed on: 08/05/2021

Last Buyer's Agent

Non OneKey Agent

Non-Member MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,881

Year Built

  • Built in 1901 | Remodeled in 2019

Lot Details

  • 2,003 Sq Ft Lot
  • Two or More Common Walls
  • Stone Wall

Home Design

  • 2,160 Sq Ft Home
  • Brick Exterior Construction
  • Block Exterior

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Water Access

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Assessor Parcel Number 3-05587-0020

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,881

Year Built

Built in 1901 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Year Built: 1901
  • Year Built Effective: 2019
  • Attribution Contact: 347-878-6810
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2019

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement: Unfinished
  • Total Bedrooms: 9
  • Living Area: 2160.00
  • Square Footage: 2160.00

Exterior Features

  • Construction Materials: Block, Brick
  • Waterfront Features: Water Access

Garage/Parking

  • Total Parking Spaces: 1.00
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Baseboard
  • Hot Water: Gas Stand Alone
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Call Listing Agent
  • Middle School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School: Call Listing Agent

Lot Info

  • Lot Size Acres: 0.0500
  • Lot Size Area: 0.0500
  • Lot Size Sq Ft: 2003.00
  • Lot Size Units: Acres
  • Lot Features: Stone/Brick Wall
  • Parcel Number: 3-05587-0020
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Cooking Gas, Electricity, Heat

Tax Info

  • Close Date: 2021-12-08
  • Included in Taxes: Sewer, Trash
  • Tax Annual Amount: 5881.00
  • Tax Map Number: 3-05587-0020

Multi Family

  • Units Total: 3
  • Three Bedrooms: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 4

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Call Listing Agent
  • Middle School District: Brooklyn 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Dec 7, 2021
Sold by
Cai Peng Yang As Trustee and Under Cai Peng Yang Living Trust
Bought by
Silberstein Aron and Silberstein Devorah
Seller's Agent
Oi Kui
Springair Sunshine Int. Group
Buyer's Agent
Non OneKey Agent
Non-Member MLS
List Price
$1,380,000
Sold Price
$1,360,000
Premium/Discount to List
-$20,000
-1.45%
Current Estimated Value
$1,464,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,907
Avg. Annual Appreciation
1.43%
Original Mortgage
$1,084,000
Outstanding Balance
$1,001,209
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$433,594

Purchase Details

Closed on
Oct 23, 2020
Sold by
Yang Cai Peng
Bought by
Cai Peng Yang As Trustee and Cai Peng Yang Living Trust

Purchase Details

Closed on
Feb 4, 2000
Sold by
Lauletti Michael V
Bought by
Comeau Melissa Lam and Chin David J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.3%

Purchase Details

Closed on
Aug 7, 1995
Sold by
Lauletti Michael A
Bought by
Lauletti Michael
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silberstein Aron $1,355,000 --
Silberstein Aron $1,355,000 --
Cai Peng Yang As Trustee -- --
Cai Peng Yang As Trustee -- --
Comeau Melissa Lam $245,000 First American Title Ins Co
Comeau Melissa Lam $245,000 First American Title Ins Co
Lauletti Michael -- --
Lauletti Michael V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silberstein Aron $112,000
Open Silberstein Aron $1,084,000
Closed Silberstein Aron $1,084,000
Previous Owner Yang Cai Peng $190,000
Previous Owner Comeau Melissa Lam $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $1,360,000 -1.4% $630 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $1,380,000 -- $639 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,670 $80,580 $21,780 $58,800
2024 $6,670 $77,280 $21,780 $55,500
2023 $6,367 $72,300 $21,780 $50,520
2022 $5,908 $60,960 $21,780 $39,180
2021 $5,881 $65,880 $21,780 $44,100
2020 $2,924 $57,420 $21,780 $35,640
2019 $5,790 $57,420 $21,780 $35,640
2018 $5,326 $26,126 $8,422 $17,704
2017 $5,027 $24,661 $9,762 $14,899
2016 $4,655 $23,288 $9,830 $13,458
2015 $2,586 $23,288 $12,157 $11,131
2014 $2,586 $23,064 $14,455 $8,609
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2021

    Oi Kui

    Springair Sunshine Int. Group

    (347) 878-6810

    1 in this area

    4 Total Sales

    Oi Kui
    Section Image

  • N

    Buyer's Agent in 2021

    Non OneKey Agent

    Non-Member MLS

See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY6135044

OneKey® MLS

APN: 05587-0020

New York Kings County Brooklyn 11219 Borough Park

1032 40th St, Brooklyn, NY

This home is located at 1032 40th St, Brooklyn, NY 11219 since 05 August 2021 and is currently estimated at $1,464,907, approximately $678 per square foot. This property was built in 1901. 1032 40th St is a home located in Kings County with nearby schools including P.S. 131 Brooklyn, I.S. 223 The Montauk, and Shema Kolainu-Hear Our Voices.

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