NOT LISTED FOR SALE

1059 40th St Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $1,212,000 - $1,334,030

-- Bed
-- Bath
1,704 Sq Ft
$740/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $900,000 $528 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,920/month

Highlights

  • Pre War Building
  • 5-minute walk to Fort Hamilton Parkway (D,M Line)
  • 4-minute walk to Brizzi Playground
  • I.S. 223 The Montauk Rated A-

About This Home

As of November 2018

SUNSET PARK LEGAL 2 FAMILY R6 ZONING FULL POSSESSION ONE BLOCK TO 10TH AVENUE WALKING DISTANCE TO 8TH AVENUE BUSY THOROUGH FARE A GREAT OPPORTUNITY FOR ANY END USER OR INVESTOR

Last Agent to Sell the Property

Vito Angelo

Remax Real Estate Professionals License #10301204156 Listed on: 06/27/2018

Remax Real Estate Professionals

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,578

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 18.0 x 95.0

Home Design

  • Pre War Building

Interior Spaces

  • 1,704 Sq Ft Home
  • 2-Story Property

Community Details

  • Borough Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 49 / 5584

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,578

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: 10th Avenue/Fort Hamilton Parkway
  • Delivered Vacant: Yes
  • Property SubType: Townhouse
  • Property Type: Residential
  • Neighborhood: Borough Park
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Living Area: 1704.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Total: 0

Garage/Parking

  • Garage: No

Lot Info

  • Zoning: R 6
  • Lot Size Dimensions: 18.0 x 95.0

Building Info

  • Landmark Status: No
  • Total Stories: 2
  • Year Built: 1910

Tax Info

  • Tax Block: 5584
  • Tax Lot: 49
  • Building Tax Lot: 49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Nov 30, 2018
Sold by
Ciano Raymond Gerard and Ciano Salvatore Gerard
Bought by
Wang Bi Yun and Wu Ling Zhi
Seller's Agent
Vito Angelo
Remax Real Estate Professionals
List Price
$900,000
Sold Price
$900,000
Current Estimated Value
$1,331,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,168
Avg. Annual Appreciation
5.11%
Original Mortgage
$720,000
Outstanding Balance
$636,801
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$620,077

Purchase Details

Closed on
May 7, 2018
Sold by
Ciano Salvatore Gerard
Bought by
Ciano Raymond Gerard and Ciano Salvatore Gerard

Purchase Details

Closed on
Sep 16, 1994
Sold by
Licata Theresa Barry and Ciano Salvatore
Bought by
Ciano Salvatore and Ciano Carol Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
8.43%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 4, 1994
Sold by
Licata Theresa Barry
Bought by
Licata Theresa Barry and Ciano Salvatore
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wang Bi Yun $900,000 --
Wang Bi Yun $900,000 --
Ciano Raymond Gerard -- --
Ciano Raymond Gerard -- --
Ciano Salvatore -- Commonwealth Land Title Ins
Ciano Salvatore -- Commonwealth Land Title Ins
Licata Theresa Barry -- --
Licata Theresa Barry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Bi Yun $720,000
Closed Wang Bi Yun $720,000
Previous Owner Ciano Salvatore $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $900,000 0.0% $528 / Sq Ft
06/27/2018 06/27/18 For Sale $900,000 -- $528 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
Source: Real Estate Board of New York (REBNY)

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 $7,578 $61,920 $18,900 $43,020
2024 $7,578 $71,580 $18,900 $52,680
2023 $7,400 $64,020 $18,900 $45,120
2022 $7,017 $68,100 $18,900 $49,200
2021 $7,209 $62,880 $18,900 $43,980
2020 $5,406 $55,740 $18,900 $36,840
2019 $7,644 $52,440 $18,900 $33,540
2018 $1,751 $23,644 $7,323 $16,321
2017 $1,690 $22,572 $7,883 $14,689
2016 $3,306 $21,825 $8,769 $13,056
2015 $2,349 $21,819 $11,731 $10,088
2014 $2,349 $20,601 $10,762 $9,839
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2018

    Vito Angelo

    Remax Real Estate Professionals

    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10439701

Real Estate Board of New York (REBNY)

APN: 05584-0049

New York Kings County Brooklyn 11219 Borough Park

1059 40th St, Brooklyn, NY

This home is located at 1059 40th St, Brooklyn, NY 11219 since 27 June 2018 and is currently estimated at $1,261,258, approximately $740 per square foot. This property was built in 1910. 1059 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes