NOT LISTED FOR SALE

1055 E 40th St Brooklyn, NY 11210

Flatlands Neighborhood

Estimated Value: $757,768 - $1,107,000

5 Beds
2 Baths
2,590 Sq Ft
$380/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $640,000 $247 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,735/month

About This Home

As of August 2020

Brick 2 family with over-sized sun-drenched rooms on a beautiful tree lined block. Original detail galore; wall to ceiling mirror and original banister. 3 bedroom over 2 bedroom over finished basement with separate front entrance plus access to rear back yard. Reach out today for a virtual tour. Property being sold in As-Is condition. No representations or warranties. Buyer responsible for any liens or violations. Buyer to pay NYC / NYS transfer taxes. Cash, rehab or FHA203k financing only.

Last Agent to Sell the Property

Ken Macbride

Fillmore Real Estate Fusion Brokerage Phone: 718-615-2007 License #10311203425 Listed on: 05/04/2020

Last Buyer's Agent

Ken Macbride

Fillmore Real Estate Fusion Brokerage Phone: 718-615-2007 License #10311203425 Listed on: 05/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,215

Year Built

  • Built in 1905

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 20x100

Home Design

  • Duplex
  • Bi-Level Home
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Finished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 38 / 7766
  • Assessor Parcel Number 07766-0038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,215

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Duplex
  • Levels: Bi-Level
  • Year Built: 1905
  • Attribution Contact: 718-615-2007
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Basement: Finished
  • Total Bedrooms: 5
  • Fireplace: No
  • Basement YN: No

Exterior Features

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 20x100
  • Lot Size Sq Ft: 2000
  • Parcel Number: 07766-0038
  • Property Attached: Yes
  • Additional Parcels: No
  • Zoning: R4

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 6215
  • Tax Block: 7766
  • Tax Lot: 38

MLS Schools

  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 24, 2020
Sold by
Rk2 Realty Corp
Bought by
Rahman Md Z
Current Estimated Value
$984,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,238
Outstanding Balance
$712,578
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,864

Purchase Details

Listed on
May 4, 2020
Closed on
Aug 17, 2020
Sold by
Pretium Mortgage Acquisition Trust and Wilmington Savings Fund Society Fsb
Bought by
Rk2 Realty Corp
Seller's Agent
Ken Macbride
Fillmore Real Estate Fusion
Buyer's Agent
Ken Macbride
Fillmore Real Estate Fusion
List Price
$709,900
Sold Price
$640,000
Premium/Discount to List
-$69,900
-9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%

Purchase Details

Closed on
Dec 5, 2019
Sold by
Collette Barham By Kinch Cheryl J Esq
Bought by
Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
Aug 9, 2005
Sold by
Dockley Tracey As Executor
Bought by
Barham Collette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage
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
Rahman Md Z $815,000 --
Rk2 Realty Corp $640,000 --
Wilmington Savings Fund Society Fsb $100 --
Barham Collette $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rahman Md Z $800,238
Previous Owner Barham Collette $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2020 08/17/20 Sold $640,000 -5.9% $247 / Sq Ft
06/30/2020 06/30/20 Price Changed $679,900 -2.9% $263 / Sq Ft
05/28/2020 05/28/20 Price Changed $699,900 -1.4% $270 / Sq Ft
05/04/2020 05/04/20 For Sale $709,900 -- $274 / Sq Ft
05/04/2020 05/04/20 Pending -- -- --
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 $6,677 $46,140 $9,540 $36,600
2024 $6,677 $45,120 $9,540 $35,580
2023 $6,751 $43,860 $9,540 $34,320
2022 $6,586 $42,000 $9,540 $32,460
2021 $6,550 $32,940 $9,540 $23,400
2020 $4,626 $34,440 $9,540 $24,900
2019 $5,502 $34,440 $9,540 $24,900
2018 $5,349 $27,702 $6,714 $20,988
2017 $5,305 $27,492 $7,409 $20,083
2016 $4,875 $25,936 $7,351 $18,585
2015 $2,908 $24,469 $7,585 $16,884
2014 $2,908 $23,085 $8,407 $14,678
Source: Public Records

Agents Affiliated with this Home

  • Ken Macbride

    Seller's Agent in 2020

    Ken Macbride

    Fillmore Real Estate Fusion

    (718) 615-2007

    16 in this area

    144 Total Sales

    Ken Macbride
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Map

Source: OneKey® MLS

MLS Number: L3213585

OneKey® MLS

APN: 07766-0038

New York Kings County Brooklyn 11210 Flatlands

1055 E 40th St, Brooklyn, NY

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