NOT LISTED FOR SALE

1040 Brooklyn Ave Unit 1048 Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $886,852 - $1,068,000

5 Beds
3 Baths
3,000 Sq Ft
$331/Sq Ft Est. Value

Last Sold March 08, 2023

Last sale price $950,000 $317 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,755/month

193 Days on Market

About This Home

As of March 2023

BACK ON THE MARKET...DELIVERED TOTALLY VACANT Extraordinary opportunity to own a desirable multi-family home in the East Flatbush area of Brooklyn bordering Flatbush. This fantastic 2008 built two-family semi-detached home comes with a private driveway and garage that fits up to three cars. The home features wood floors throughout, great natural light, a fully finished basement with a private entrance in front and rear egress to the large backyard all sitting on a 20.02 ? 100.04 lot with approximately 3,000 square feet of living space over three floors. A large living room and kitchen in a neat open concept with two-bedrooms and two-baths welcomes you on the first floor. The primary king-sized bedroom comes with an en suite bathroom, and the second bedroom easily fits a queen-sized bed and other furniture. This first-floor unit has direct access to the lower-level bonus space, a finished basement which has potential to be become a terrific owner's duplex. (cont'd....)

Last Agent to Sell the Property

Javon Johnson

Coldwell Banker Reliable R E Brokerage Phone: 718-921-3100 License #10301207380 Listed on: 03/24/2022

Coldwell Banker Reliable R E

Last Buyer's Agent

Janet Brown

Coldwell Banker Reliable R E License #10401278676

Coldwell Banker Reliable R E

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,592

Year Built

  • Built in 2008

Lot Details

  • 2,006 Sq Ft Lot
  • Lot Dimensions are 20 x 100
  • 1 Common Wall

Home Design

  • Duplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Garage
  • Carport

Schools

  • Andries Hudde Middle School
  • Midwood High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Legal Lot and Block 22 / 4906

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,592

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Other
  • Property SubType: Duplex
  • Year Built: 2008
  • Attribution Contact: 718-921-3100
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 3
  • Basement: Finished, Full
  • Total Bedrooms: 5
  • Fireplace: No
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 3
  • Garage: Yes
  • Parking Description: Carport, Garage, Private

Utilities

  • Cooling: None
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Andries Hudde

Lot Info

  • Lot Dimensions: 20 x 100
  • Lot Size Sq Ft: 2006
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R4/ C2-2

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 8592
  • Tax Block: 4906
  • Tax Lot: 22

MLS Schools

  • High School: Midwood High School
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Mar 1, 2023
Sold by
Azille Frances
Bought by
Mowla Absarul
Seller's Agent
Javon Johnson
Coldwell Banker Reliable R E
Buyer's Agent
Janet Brown
Coldwell Banker Reliable R E
List Price
$999,999
Sold Price
$950,000
Premium/Discount to List
-$49,999
-5%
Views
17
Current Estimated Value
$1,082,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,277
Avg. Annual Appreciation
3.61%
Original Mortgage
$570,000
Outstanding Balance
$553,385
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$481,267

Purchase Details

Closed on
Apr 27, 2018
Sold by
Azille Frances and Azille Ursula
Bought by
Azille Frances

Purchase Details

Closed on
Dec 4, 2015
Sold by
Azille Frances and Azille Ursula
Bought by
Azille Frances and Azille Ursula

Purchase Details

Closed on
Jul 26, 2011
Sold by
Azille Ursula and Azille-Naworu Frances
Bought by
Azille Ursula and Azille-Naworu Frances

Purchase Details

Closed on
Jan 15, 2009
Sold by
Gut Development Inc
Bought by
Azille Ursula and Leiken Natan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,372
Interest Rate
5.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 1999
Sold by
Mejia Manuel
Bought by
Grant Carl Keith and Nezbeth Edward P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.68%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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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
Mowla Absarul $950,000 --
Azille Frances $35,000 --
Azille Frances -- --
Azille Ursula -- --
Azille Ursula -- --
Azille Ursula $583,000 --
Azille Ursula $583,000 --
Grant Carl Keith $125,000 Fidelity National Title Ins
Grant Carl Keith $125,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mowla Absarul $570,000
Previous Owner Azille Ursula $153,271
Previous Owner Azille Ursula $578,372
Previous Owner Grant Carl Keith $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2023 03/08/23 Sold $950,000 -1.6% $317 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/10/2022 09/10/22 Price Changed $965,000 -3.5% $322 / Sq Ft
09/07/2022 09/07/22 For Sale $999,999 -9.1% $333 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $1,100,000 -- $367 / 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 $9,340 $51,480 $7,200 $44,280
2024 $9,340 $46,500 $7,200 $39,300
2023 $8,914 $51,780 $7,200 $44,580
2022 $8,762 $50,280 $7,200 $43,080
2021 $9,059 $45,600 $7,200 $38,400
2020 $4,248 $43,980 $7,200 $36,780
2019 $8,110 $43,980 $7,200 $36,780
2018 $7,651 $36,576 $5,598 $30,978
2016 $7,171 $35,870 $6,184 $29,686
2015 $4,024 $33,840 $6,000 $27,840
2014 $4,024 $32,308 $5,885 $26,423
Source: Public Records

Agents Affiliated with this Home

  • Javon Johnson

    Seller's Agent in 2023

    Javon Johnson

    Coldwell Banker Reliable R E

    (917) 743-3940

    7 in this area

    16 Total Sales

    Section Image
  • Janet Brown

    Buyer's Agent in 2023

    Janet Brown

    Coldwell Banker Reliable R E

    (347) 416-3374

    1 in this area

    4 Total Sales

    Section Image
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Map

Source: OneKey® MLS

MLS Number: L3385858

OneKey® MLS

APN: 04906-0022

New York Kings County Brooklyn 11203 East Flatbush

1040 Brooklyn Ave Unit 1048, Brooklyn, NY

This home is located at 1040 Brooklyn Ave Unit 1048, Brooklyn, NY 11203 since 24 March 2022 and is currently estimated at $992,963, approximately $330 per square foot. This property was built in 2008. 1040 Brooklyn Ave Unit 1048 is a home located in Kings County with nearby schools including P.S. 181, Middle School 246 Walt Whitman, and East Flatbush Ascend Charter School.

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