NOT LISTED FOR SALE

1223 40th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated Value: $1,513,000 - $1,726,000

Studio
-- Bath
1,928 Sq Ft
$852/Sq Ft Est. Value

About This Home

This home is located at 1223 40th St, Brooklyn, NY 11218 and is currently estimated at $1,641,814, approximately $851 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
$1,641,814

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
Source: Public Records

Range of Values:

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

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ICE

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First American

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Quantarium

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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

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

New York Kings County Brooklyn 11218 Borough Park

1223 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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