NOT LISTED FOR SALE

1224 40th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated Value: $1,625,000 - $2,126,000

Studio
-- Bath
2,952 Sq Ft
$602/Sq Ft Est. Value

About This Home

This home is located at 1224 40th St, Brooklyn, NY 11218 and is currently estimated at $1,777,580, approximately $602 per square foot. 1224 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
Mar 12, 2019
Sold by
Teitelbaum Sarah
Bought by
40-1224 Llc
Current Estimated Value
$1,777,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$788,036
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$989,544

Purchase Details

Closed on
Feb 25, 2019
Sold by
Werner David M and Werner Gila F
Bought by
Teitelbaum Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$788,036
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$989,544

Purchase Details

Closed on
Sep 17, 2010
Sold by
Werner Frida G
Bought by
Werner David M and Werner Gila F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 1998
Sold by
Messina Charles
Bought by
Werner Frida Gila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.49%

Purchase Details

Closed on
Jan 5, 1995
Sold by
Messina Charles and Oddo Angelina
Bought by
Messina Charles
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
40-1224 Llc -- --
40-1224 Llc -- --
40-1224 Llc -- --
Teitelbaum Sarah $1,200,500 --
Teitelbaum Sarah $1,200,500 --
Teitelbaum Sarah $1,200,500 --
Werner David M -- --
Werner David M -- --
Werner Frida Gila $230,000 Trw Title Insurance
Werner Frida Gila $230,000 Trw Title Insurance
Messina Charles -- --
Messina Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teitelbaum Sarah $900,000
Closed Teitelbaum Sarah $900,000
Previous Owner Werner David M $160,000
Previous Owner Werner Frida Gila $170,000
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 $6,217 $109,080 $22,620 $86,460
2024 $6,217 $97,860 $22,620 $75,240
2023 $5,938 $101,460 $22,620 $78,840
2022 $5,579 $81,660 $22,620 $59,040
2021 $5,753 $69,360 $22,620 $46,740
2020 $5,750 $68,100 $22,620 $45,480
2019 $5,396 $68,100 $22,620 $45,480
2018 $4,669 $24,364 $8,731 $15,633
2017 $4,448 $23,288 $8,744 $14,544
2016 $4,244 $22,780 $11,543 $11,237
2015 $2,430 $22,767 $11,676 $11,091
2014 $2,430 $21,496 $13,226 $8,270
Source: Public Records

Map

New York Kings County Brooklyn 11218 Borough Park

1224 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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