NOT LISTED FOR SALE

1162 40th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated Value: $2,156,622 - $2,574,000

Studio
-- Bath
2,286 Sq Ft
$1,057/Sq Ft Est. Value

About This Home

This home is located at 1162 40th St, Brooklyn, NY 11218 and is currently estimated at $2,417,406, approximately $1,057 per square foot. 1162 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2016
Sold by
Langsam Favish and Torn Shlomo
Bought by
1162-1164 40Th Street Llc
Current Estimated Value
$2,388,984

Purchase Details

Closed on
Mar 26, 2015
Sold by
Korn Pessy and Korn William
Bought by
Langsam Favish and Torn Shlomo

Purchase Details

Closed on
Jul 18, 2006
Sold by
Cao Pei Yi and Cao Wei Hua
Bought by
Korn Pessy and Korn William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,600
Interest Rate
6.7%

Purchase Details

Closed on
Aug 20, 1999
Sold by
Toglia Josephine
Bought by
1169 40Th St Corp

Purchase Details

Closed on
Nov 2, 1994
Sold by
Iracane Albert C
Bought by
Cao Wei Hua and Cao Pei Yi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.81%

Purchase Details

Closed on
Jun 14, 1994
Sold by
Iracane Albert C
Bought by
Iracane Albert C and Iracane Richard A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
1162-1164 40Th Street Llc $1,610,000 --
1162-1164 40Th Street Llc $1,610,000 --
1162-1164 40Th Street Llc $1,610,000 --
Langsam Favish $415,000 --
Langsam Favish $415,000 --
Langsam Favish $415,000 --
Korn Pessy $688,000 --
Korn Pessy $688,000 --
1169 40Th St Corp $58,000 --
1169 40Th St Corp $58,000 --
Cao Wei Hua -- Commonwealth Land Title Ins
Cao Wei Hua -- Commonwealth Land Title Ins
Iracane Albert C -- American Title Insurance Co
Iracane Albert C -- American Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Korn Pessy $137,600
Previous Owner Korn Pessy $550,400
Previous Owner Cao Wei Hua $50,000
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
2026 $6,792 $51,660 $51,660 --
2025 $6,408 $54,360 $54,360 --
2024 $6,408 $57,240 $57,240 $0
2023 $6,479 $60,240 $60,240 $0
2022 $6,321 $63,420 $63,420 $0
2021 $6,252 $66,780 $66,780 $0
2020 $5,965 $70,320 $70,320 $0
2019 $5,561 $74,046 $74,046 $0
2018 $5,113 $25,081 $6,677 $18,404
2017 $5,070 $24,871 $10,445 $14,426
2016 $4,691 $23,467 $9,174 $14,293
2015 $2,610 $22,144 $12,081 $10,063
2014 $2,610 $20,901 $10,213 $10,688
Source: Public Records

Map

New York Kings County Brooklyn 11218 Borough Park

1162 40th St, Brooklyn, NY

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.

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