1223 40th St Brooklyn, NY 11218
Borough Park NeighborhoodEstimated Value: $1,269,077 - $1,684,000
Studio
--
Bath
1,928
Sq Ft
$794/Sq Ft
Est. Value
About This Home
This home is located at 1223 40th St, Brooklyn, NY 11218 and is currently estimated at $1,531,019, approximately $794 per square foot. 1223 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
Jan 15, 2025
Sold by
Herczl Aron
Bought by
A & S 1223 40 St Llc
Current Estimated Value
Purchase Details
Closed on
Feb 17, 2022
Sold by
25Th Century Realty Inc
Bought by
Herczl Aron
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 15, 2011
Sold by
Herczl Shimon
Bought by
25Th Century Realty Inc
Purchase Details
Closed on
Jun 29, 2004
Sold by
Russo John
Bought by
Herczl Shimon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 17, 2004
Sold by
Russo Theresa
Bought by
Russo John
Purchase Details
Closed on
Jan 23, 2004
Sold by
Russo Theresa
Bought by
Russo John
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| A & S 1223 40 St Llc | -- | -- | |
| A & S 1223 40 St Llc | -- | -- | |
| Herczl Aron | $1,500,000 | -- | |
| Herczl Aron | $1,500,000 | -- | |
| Herczl Aron | $1,500,000 | -- | |
| 25Th Century Realty Inc | $390,000 | -- | |
| 25Th Century Realty Inc | $390,000 | -- | |
| Herczl Shimon | $490,000 | -- | |
| Herczl Shimon | $490,000 | -- | |
| Russo John | -- | -- | |
| Russo John | -- | -- | |
| Russo John | -- | -- | |
| Russo John | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Herczl Aron | $1,125,000 | |
| Previous Owner | Herczl Shimon | $392,000 |
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 |
|---|---|---|---|---|
| 2025 | $5,440 | $61,620 | $20,700 | $40,920 |
| 2024 | $5,440 | $66,900 | $20,700 | $46,200 |
| 2023 | $5,501 | $79,200 | $20,700 | $58,500 |
| 2022 | $5,149 | $64,800 | $20,700 | $44,100 |
| 2021 | $5,328 | $59,400 | $20,700 | $38,700 |
| 2020 | $2,499 | $72,000 | $20,700 | $51,300 |
| 2019 | $4,722 | $58,140 | $20,700 | $37,440 |
| 2018 | $4,601 | $22,572 | $8,232 | $14,340 |
| 2017 | $4,382 | $21,496 | $8,756 | $12,740 |
| 2016 | $4,218 | $21,099 | $8,964 | $12,135 |
| 2015 | $2,446 | $19,905 | $11,065 | $8,840 |
| 2014 | $2,446 | $18,810 | $12,551 | $6,259 |
Source: Public Records
Map
Nearby Homes