NOT LISTED FOR SALE

1940 Bay Ave Brooklyn, NY 11230

Midwood Neighborhood

Estimated Value: $972,000 - $1,324,000

2 Beds
1 Bath
1,424 Sq Ft
$790/Sq Ft Est. Value

Last Sold June 05, 2019

Last sale price $999,998 $702 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,424/month

13 Days on Market

Highlights

  • 1-Story Property
  • 5-minute walk to Avenue M
  • 5-minute walk to Kolbert Playground

About This Home

As of June 2019

One Property - Many Options

Whether you are looking to create your dream home or are a developer, this home may be just what you're looking for.

Located in prime Midwood at Ocean Ave & Ave M, this home is currently used as a 1 family. It features a large kitchen, 2 bedrooms, 1.5 baths, full finished basement, large private driveway to fit multiple cars as well as a private garage. Close to the Q and B lines on a large 40x80 irregular lot which allows 8704 SF buildable square footage available. Current zoning is R7 with FAR of 4.

A survey is available upon request.

Last Agent to Sell the Property

Vera Capozucca

Brown Harris Stevens Brooklyn LLC License #30CA0515339 Listed on: 04/22/2019

Brown Harris Stevens Brooklyn LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,397

Lot Details

  • 2,178

Interior Spaces

  • 1,424 Sq Ft Home
  • 1-Story Property
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • Midwood Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,397

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Midwood
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1424.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
1940 Bay Ave Llc
Bought by
Zagelbaum Shalom
Current Estimated Value
$1,125,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,986
Outstanding Balance
$131,267
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$994,382

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jul 1, 2019
Sold by
Zagelbaum Shalom
Bought by
1940 Bay Ave Llc
Seller's Agent
Vera Capozucca
Brown Harris Stevens Brooklyn LLC
List Price
$999,000
Sold Price
$999,998
Premium/Discount to List
$998
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%
Original Mortgage
$700,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 22, 2019
Closed on
May 31, 2019
Sold by
Estate Of Francine Cohen
Bought by
Zagelbaum Shalom
Seller's Agent
Vera Capozucca
Brown Harris Stevens Brooklyn LLC
List Price
$999,000
Sold Price
$999,998
Premium/Discount to List
$998
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2002
Sold by
Cohen Jesse J
Bought by
Cohen Jesse J and Cohen Francine
Source: Public Records

Range of Values:

Collateral Analytics

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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
Zagelbaum Shalom -- --
1940 Bay Ave Llc -- --
Zagelbaum Shalom $999,998 --
Cohen Jesse J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zagelbaum Shalom $144,986
Previous Owner Zagelbaum Shalom $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $999,998 -- --
06/05/2019 06/05/19 Sold $999,998 +0.1% $702 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $999,000 -- $702 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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 $5,397 $58,500 $24,540 $33,960
2024 $5,397 $67,740 $24,540 $43,200
2023 $5,458 $60,180 $24,540 $35,640
2022 $5,323 $65,940 $24,540 $41,400
2021 $5,295 $55,800 $24,540 $31,260
2020 $3,971 $49,740 $24,540 $25,200
2019 $4,685 $49,740 $24,540 $25,200
2018 $4,565 $22,394 $10,211 $12,183
2017 $4,530 $22,222 $11,549 $10,673
2016 $4,191 $20,966 $11,464 $9,502
2015 $2,309 $19,780 $11,710 $8,070
2014 $2,309 $18,662 $11,570 $7,092
Source: Public Records

Agents Affiliated with this Home

  • Vera Capozucca

    Seller's Agent in 2019

    Vera Capozucca

    Brown Harris Stevens Brooklyn LLC

    (917) 407-4519

    22 Total Sales

    Vera Capozucca
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10531449

Real Estate Board of New York (REBNY)

APN: 06748-0035

New York Kings County Brooklyn 11230 Midwood

1940 Bay Ave, Brooklyn, NY

This home is located at 1940 Bay Ave, Brooklyn, NY 11230 since 22 April 2019 and is currently estimated at $1,125,649, approximately $790 per square foot. 1940 Bay Ave is a home located in Kings County with nearby schools including P.S. 199 - Frederick Wachtel, Andries Hudde School, and Urban Dove Team Charter School.

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.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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