NOT LISTED FOR SALE

1075 40th St Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $1,602,000 - $1,804,623

-- Bed
3 Baths
3,240 Sq Ft
$517/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $1,584,000 $489 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $9,667/month

Highlights

  • Wood Flooring
  • 4-minute walk to Fort Hamilton Parkway (D,M Line)
  • Back and Front Yard
  • I.S. 223 The Montauk Rated A-
  • Heating System Uses Steam
  • 4-minute walk to Brizzi Playground

About This Home

As of September 2023

Legal three family, 2 floors plus finished basement with separate entrance. Close to shopping, school and transportation. Good condition, delivered vacant. First floor three bedrooms, second floor 4 bedrooms. Great opportunity. Nice residential block.

Last Agent to Sell the Property

Isaac Shmedra Landau

Real Broker NY LLC Listed on: 03/30/2023

Real Broker NY LLC

Last Buyer's Agent

Isaac Shmedra Landau

Real Broker NY LLC Listed on: 03/30/2023

Real Broker NY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,296

Year Built

  • Built in 1910

Lot Details

  • 1,808 Sq Ft Lot
  • Lot Dimensions are 95 x 19
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,240 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Block 5584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,296

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1140
  • Building Length: 60.00
  • Building Width: 19.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 10th Ave
  • Cross Street Name2: Fort Hamilton Pky
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Fill Sq Ft Total: 3240
  • Building Stories: 2
  • Street Name I D X: 40th
  • Street Number I D X: 1075
  • Year Built: 1910
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Ceramic, Hardwood
  • Lot Sq Ft: 1808

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 44
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 200 Amp, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 95
  • Lot Size Width: 19
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 7296.00

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Sep 8, 2023
Sold by
Annie Lee Trustee and Chen & Lee Trust
Bought by
Schweid Pinchas Y
Seller's Agent
Isaac Shmedra Landau
Real Broker NY LLC
Buyer's Agent
Isaac Shmedra Landau
Real Broker NY LLC
List Price
$1,690,000
Sold Price
$1,584,000
Premium/Discount to List
-$106,000
-6.27%
Views
28
Current Estimated Value
$1,647,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,214
Avg. Annual Appreciation
1.57%
Original Mortgage
$1,188,000
Outstanding Balance
$1,165,899
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$466,437

Purchase Details

Closed on
Sep 8, 2019
Sold by
Chen Michael Z and Lee Annie
Bought by
Annie Lee and Chen & Lee Trust

Purchase Details

Closed on
Apr 14, 2014
Sold by
Chan Muk Shing and Chen Michael Z
Bought by
Chen Michael Z and Lee Annie

Purchase Details

Closed on
Feb 3, 2005
Sold by
Chan Muk Shing
Bought by
Chan Muk Shing and Chen Michael Z
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
Schweid Pinchas Y $1,584,000 --
Schweid Pinchas Y $1,584,000 --
Annie Lee -- --
Annie Lee -- --
Chen Michael Z -- --
Chen Michael Z -- --
Chan Muk Shing -- --
Chan Muk Shing -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schweid Pinchas Y $1,188,000
Closed Schweid Pinchas Y $1,188,000
Previous Owner Chen Michael Z $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $1,584,000 -6.3% $489 / Sq Ft
07/26/2023 07/26/23 For Sale $1,690,000 0.0% $522 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $1,690,000 -- $522 / Sq Ft
Source: Brooklyn Board of REALTORS®

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 $7,779 $85,860 $22,020 $63,840
2024 $7,779 $84,540 $22,020 $62,520
2023 $7,422 $86,220 $22,020 $64,200
2022 $7,422 $94,440 $22,020 $72,420
2021 $7,626 $79,680 $22,020 $57,660
2020 $3,577 $80,220 $22,020 $58,200
2019 $6,752 $68,640 $22,020 $46,620
2018 $6,208 $30,456 $9,230 $21,226
2017 $6,208 $30,456 $10,686 $19,770
2016 $6,037 $30,198 $13,023 $17,175
2015 $3,212 $28,490 $14,124 $14,366
2014 $3,212 $26,896 $13,632 $13,264
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2023

    Isaac Shmedra Landau

    Real Broker NY LLC

    (718) 853-0202

    11 in this area

    18 Total Sales

    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 472886

Brooklyn Board of REALTORS®

APN: 05584-0044

New York Kings County Brooklyn 11218 Borough Park

1075 40th St, Brooklyn, NY

This home is located at 1075 40th St, Brooklyn, NY 11219 since 30 March 2023 and is currently estimated at $1,675,406, approximately $517 per square foot. This property was built in 1910. 1075 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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Nearby Homes