NOT LISTED FOR SALE

1562 40th St Brooklyn, NY 11218

Borough Park Neighborhood

Estimated Value: $2,027,188

Studio
5 Baths
2,400 Sq Ft
$845/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2023

Last sale price $2,250,000 $938 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $11,873 / mo

Highlights

  • Wood Flooring
  • 4-minute walk to Ditmas Avenue
  • Porch
  • P.S. 164 Caesar Rodney School Rated A
  • Detached Garage
  • 3-minute walk to Dome Playground

About This Home

As of July 2023

2 family, semi-detached, brick house. Each unit is a duplex. 3 floors plus basement, nice residential block.

Last Agent to Sell the Property

Isaac Shmedra Landau

Real Broker NY LLC Listed on: 12/04/2022

Last Buyer's Agent

Isaac Shmedra Landau

Real Broker NY LLC Listed on: 12/04/2022

Range of Values:

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

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,737

Year Built

  • Built in 1925

Lot Details

  • 2,504 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 2,400 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Parking

  • Detached Garage
  • Shared Driveway

Outdoor Features

  • Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 200+ Amp Service
  • Gas Water Heater

Community Details

  • 2 Units
  • Community Storage Space

Listing and Financial Details

  • Tax Block 5364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,737

Year Built

Built in 1925

Lot Details

2,504 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 15th St
  • Cross Street Name2: 16th Av
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water, Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 2
  • Parking Attributes: Detached Garage
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Porch, Refrigerator, Stove
  • Fill Sq Ft Total: 2400
  • Building Stories: 2
  • Street Name I D X: 40th
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 5
  • Flooring: Hardwood
  • Lot Sq Ft: 2504

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 33
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 200 Amp
  • Heating Fuel: Gas
  • Hot Water: Gas, Hot Water Coil in Boiler

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25
  • Zoning: R6

Tax Info

  • Flip Tax Amount: 11737.00

Multi Family

  • Unit Count: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2022
Closed on
Jul 18, 2023
Sold by
Bitachon Trust and Victor R Katz Trustee
Bought by
Seller's Agent
Isaac Shmedra Landau
Real Broker NY LLC
Buyer's Agent
Isaac Shmedra Landau
Real Broker NY LLC
List Price
$2,250,000
Sold Price
$2,250,000
Current Estimated Value
$2,027,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$222,812
Avg. Annual Appreciation
-3.25%
Original Mortgage
$1,800,000
Outstanding Balance
$1,737,902
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$289,286

Purchase Details

Closed on
Dec 15, 2001
Sold by
Katz Moshe and Katz Judy
Bought by
Bitachon Trust and Katz
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Borough Park, NY

  • Niccolo Saraceno Real Estate Agent - eXp Realty

    Niccolo Saraceno

    eXp Realty

    (860) 901-1148

    24 Total Sales

    1 in Borough Park

    $2,650,000 Price

    Niccolo Saraceno
     Section Image
  • Danny Chung Real Estate Agent

    Danny Chung

    (866) 968-7198

    96 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Danny Chung
     Section Image
  • Anthony Parascandolo Real Estate Agent - RE/MAX Elite

    Anthony Parascandolo

    Responds Quickly

    RE/MAX Elite

    (347) 952-7649

    51 Total Sales

    2 in Borough Park

    $1,201,000 Price Range

    Anthony Parascandolo
     Section Image
  • Allan Zhu Real Estate Agent - RE/MAX Edge

    Allan Zhu

    Responds Quickly

    RE/MAX Edge

    (833) 369-2730

    102 Total Sales

    1 in Borough Park

    $1,130,000 Price

    Allan Zhu
     Section Image
  • Mitchell Feldman Real Estate Agent

    Mitchell Feldman

    Responds Quickly

    (855) 629-2561

    101 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Mitchell Feldman
     Section Image
  • Kawing Chiu Real Estate Agent - Ashford Homes LLC

    Kawing Chiu

    Ashford Homes LLC

    (844) 251-3656

    105 Total Sales

    3 in Borough Park

    $490K - $572K Price Range

    Kawing Chiu
     Section Image
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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
$2,250,000 --
Bitachon Trust -- --
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
Open $1,800,000
Previous Owner Katz As Trustee Victor R $175,000
Previous Owner Katz Moshe $25,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
07/18/2023 07/18/23 Sold $2,250,000 0.0% $938 / Sq Ft
12/04/2022 12/04/22 Pending -- -- --
12/04/2022 12/04/22 For Sale $2,250,000 -- $938 / Sq Ft
Source: Brooklyn Board of REALTORS®

Tax 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.

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 $13,369 $116,460 $26,280 $90,180
2025 $12,980 $112,620 $26,280 $86,340
2024 $12,980 $88,980 $26,280 $62,700
2023 $12,657 $91,620 $26,280 $65,340
2022 $11,737 $75,000 $26,280 $48,720
2021 $11,673 $82,260 $26,280 $55,980
2019 $11,266 $79,440 $26,280 $53,160
2018 $10,290 $51,936 $15,742 $36,194
2017 $9,688 $48,997 $17,251 $31,746
2016 $8,931 $46,224 $19,752 $26,472
2015 $5,355 $46,224 $25,068 $21,156
2014 $5,355 $44,880 $29,220 $15,660
Source: Public Records

Agents Affiliated with this Home

  • IS

    Seller's Agent in 2023

    Isaac Shmedra Landau

    Real Broker NY LLC

    (718) 853-0202

    9 in this area

    14 Total Sales

    Isaac Shmedra Landau
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 469341

Brooklyn Board of REALTORS®

APN: 05364-0033

New York Kings County Brooklyn 11218 Borough Park

1562 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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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