NOT LISTED FOR SALE

1157 E 40th St Brooklyn, NY 11210

Flatlands Neighborhood

Estimated Value: $726,109 - $963,000

2 Beds
2 Baths
1,528 Sq Ft
$587/Sq Ft Est. Value

Last Sold April 01, 2019

Last sale price $433,000 $283 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,263/month

169 Days on Market

Highlights

  • Colonial Architecture
  • Detached Garage
  • Heating System Uses Steam
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • 4-minute walk to Amersfort Park

About This Home

As of April 2019

Great Investment Opportunity, Two Family Brick Colonial, Two 1 Bedroom Units, Full Basement, 2 Car Garage And Shared Driveway. Walk To Shopping, Schools And Buses. This Property Will Be Sold Occupied., Additional information: Appearance:Fair

Last Agent to Sell the Property

RJ Santiago

Buy Rite Home Sales Inc Brokerage Phone: 718-322-4700 License #31SA0896891 Listed on: 09/21/2018

Last Buyer's Agent

RJ Santiago

Buy Rite Home Sales Inc Brokerage Phone: 718-322-4700 License #31SA0896891 Listed on: 09/21/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,196

Year Built

  • Built in 1925

Lot Details

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

Home Design

  • Duplex
  • Colonial Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • Detached Garage
  • Shared Driveway

Utilities

  • No Cooling
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Additional Features

  • Eat-In Kitchen
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Dishwasher,Dryer,Refrigerator,Washer
  • Legal Lot and Block 26 / 7788
  • Assessor Parcel Number 07788-0026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,196

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Colonial
  • Property SubType: Duplex
  • Exclusions: Dishwasher,Dryer,Refrigerator,Washer
  • Year Built: 1925
  • Attribution Contact: 718-322-4700
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen, Master Downstairs
  • Full Bathrooms: 2
  • Basement: Full, Unfinished
  • Total Bedrooms: 2
  • Fireplace: No
  • Basement YN: No

Exterior Features

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

Garage/Parking

  • Parking Description: Detached, Shared Driveway

Utilities

  • Cooling: None
  • Heating: Natural Gas, Steam
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 20X100
  • Lot Size Sq Ft: 2000
  • Parcel Number: 07788-0026
  • Property Attached: No
  • Additional Parcels: No

Rental Info

  • Lease Considered: No

Multi Family

  • Units Total: 2

Tax Info

  • Tax Annual Amount: 5196
  • Tax Block: 7788
  • Tax Lot: 26

MLS Schools

  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Aviel Equities Llc
Bought by
Boston Eloise Andrea and Boston Randolph Anthony
Current Estimated Value
$897,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,930
Outstanding Balance
$718,688
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$178,589

Purchase Details

Listed on
Sep 21, 2018
Closed on
Mar 29, 2019
Sold by
Srmof Ii Reo 2013-1 Trust
Bought by
Aviel Equities Llc
Seller's Agent
RJ Santiago
Buy Rite Home Sales Inc
Buyer's Agent
RJ Santiago
Buy Rite Home Sales Inc
List Price
$549,900
Sold Price
$433,000
Premium/Discount to List
-$116,900
-21.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%

Purchase Details

Closed on
Apr 17, 2018
Sold by
Gelfand Esq Jacob
Bought by
Srmof Ii Reo 2013-1 Trust

Purchase Details

Closed on
Dec 15, 2005
Sold by
Gross Group Inc
Bought by
Ramnath Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,520
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2005
Sold by
Nicoletta Delia
Bought by
Gross Group Inc

Purchase Details

Closed on
Mar 13, 2005
Sold by
Martin Mikulski Sole Heir and Martin Nancy Mikulski
Bought by
Nicoletta Delia
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
Boston Eloise Andrea $832,000 --
Boston Eloise Andrea $832,000 --
Aviel Equities Llc $439,062 --
Aviel Equities Llc $439,062 --
Srmof Ii Reo 2013-1 Trust $469,900 --
Srmof Ii Reo 2013-1 Trust $469,900 --
Ramnath Esther $569,400 --
Ramnath Esther $569,400 --
Gross Group Inc $312,000 --
Gross Group Inc $312,000 --
Nicoletta Delia -- --
Nicoletta Delia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boston Eloise Andrea $816,930
Closed Boston Eloise Andrea $816,930
Previous Owner Ramnath Esther $455,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Off Market $433,000 -- --
04/01/2019 04/01/19 Sold $433,000 -13.4% $283 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
11/25/2018 11/25/18 Price Changed $499,900 -4.8% $327 / Sq Ft
10/15/2018 10/15/18 Price Changed $524,900 -4.5% $344 / Sq Ft
09/20/2018 09/20/18 For Sale $549,900 -- $360 / 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 $6,511 $46,020 $8,280 $37,740
2024 $6,511 $38,880 $8,280 $30,600
2023 $6,212 $41,940 $8,280 $33,660
2022 $5,933 $34,200 $8,280 $25,920
2021 $6,255 $33,660 $8,280 $25,380
2020 $2,996 $38,880 $8,280 $30,600
2019 $5,651 $37,140 $8,280 $28,860
2018 $5,196 $25,488 $7,282 $18,206
2017 $5,049 $24,768 $7,047 $17,721
2016 $4,951 $24,768 $7,463 $17,305
2015 $2,598 $23,864 $7,687 $16,177
2014 $2,598 $22,514 $8,340 $14,174
Source: Public Records

Agents Affiliated with this Home

  • RJ Santiago

    Seller's Agent in 2019

    RJ Santiago

    Buy Rite Home Sales Inc

    (718) 559-5050

    15 Total Sales

    RJ Santiago
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Map

Source: OneKey® MLS

MLS Number: L3067115

OneKey® MLS

APN: 07788-0026

New York Kings County Brooklyn 11210 Flatlands

1157 E 40th St, Brooklyn, NY

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