$2,600,000

1115 40th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated payment $15,186/month

Total Views 1,946
11 Beds
4 Baths
3,576 Sq Ft
$727 Price per Sq Ft

Highlights

  • Community Storage Space
  • 4-minute walk to Fort Hamilton Parkway (D,M Line)
  • 4-minute walk to Brizzi Playground
  • P.S. 230 Doris L Cohen Rated A-
  • Back Yard

About This Home

ALL-CASH BUYERS ONLY – PRIME INVESTMENT OPPORTUNITY IN BOROUGH PARK. EXTERNAL VIEWINGS ONLY!INVESTOR ALERT: Rare opportunity to acquire a 3-FAMILY BRICK HOME IN the heart of Borough Park, one of Brooklyn’s most in-demand neighborhoods for rental and long-term appreciation. This solid brick building spans 20' x 62' and sits on a 20' x 95.17' lot, offering three full floors above ground plus a full basement. Ideal for maximizing rental income or exploring future value-add opportunities.Whether you're seeking stable multi-family rental income or a long-term hold in a high-growth area, under R6 zoning, this property offers exceptional potential with flexible configurations. Adding to its appeal, the property benefits from low annual property taxes of only $9,920.20, enhancing long-term investment returns. Serious, all-cash inquiries only.MLS Approve- No financial provide due to property being vacant

Listing Agent

Ping Chen

RE/MAX Edge Listed on: 04/30/2025

RE/MAX Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,920

Year Built

  • Built in 1920

Lot Details

  • 1,903 Sq Ft Lot
  • Lot Dimensions are 20x95.17
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3,576 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms

Community Details

  • 3 Units
  • Community Storage Space
  • 3 Vacant Units

Listing and Financial Details

  • Tax Block 5585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,920

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Full, Unfinished
  • Total Bathrooms: 4.00
  • Baths Total Level1: 2.00
  • Baths Total Level2: 1.00
  • Baths Total Level3: 1.00
  • Beds Total Level1: 3
  • Beds Total Level2: 4
  • Beds Total Level3: 4
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1240
  • Building Length: 62.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 11th Ave
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Number Of Available Units: 3
  • Number Of Families: 3
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Other
  • Rooms Total Level1: 5
  • Rooms Total Level2: 6
  • Rooms Total Level3: 6
  • Fill Sq Ft Total: 3576
  • Building Stories: 3
  • Street Name I D X: 40th
  • Street Number I D X: 1115
  • Year Built: 1920
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Full Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 11
  • Flooring: Other
  • Lot Sq Ft: 1903
  • Total Rooms: 17

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 68
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: Other
  • Heating Fuel: Other
  • Hot Water: Other

Lot Info

  • Lot Dimensions: 20x95.17
  • Lot Size Irregular: No
  • Lot Size Length: 95
  • Lot Size Width: 20
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 9920.20

Multi Family

  • Unit Count: 3

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $2,600,000 -- $727 / Sq Ft
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 492220

Brooklyn Board of REALTORS®

New York Kings County Brooklyn 11218 Borough Park

1115 40th St, Brooklyn, NY

This home is located at 1115 40th St, Brooklyn, NY 11218 and is currently priced at $2,600,000, approximately $727 per square foot. This property was built in 1920. 1115 40th St is a home located in Kings County with nearby schools including P.S. 230 Doris L Cohen, I.S. 223 The Montauk, and Franklin Delano Roosevelt High School.

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Ping Chen
Listing Agent
Ping Chen
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RE/MAX Edge
(347) 897-0887