NOT LISTED FOR SALE

197 E 40th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $1,084,246

6 Beds
4 Baths
4,200 Sq Ft
$258/Sq Ft Est. Value

Sale Details

Date Sold: December 3, 2024

Last sale price $995,000 $237 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,051 / mo

165 Days on Market

About This Home

As of December 2024

Discover the advantages of owning a multi-family living in East Flatbush! Nestled on a serene tree-lined street, 197 E 40th Street offers an incredible opportunity for investors and homeowners alike. This spacious gem boasts an ideal layout with four distinct units, providing an impressive array of living options. This multi-family residence is brilliantly designed for both convenience and comfort. The basement features a cozy 1-bedroom unit, while the first floor boasts a well-appointed 2-bedroom, 1-bathroom unit. On the second floor, you'll find a generous 3-bedroom, 1-bathroom unit with ample space. The third floor completes this exceptional property with a 2-bedroom, 1-bathroom unit that offers versatile living arrangements. This property is a rare find, promising versatility, and potential for rental income. With proximity to schools, shopping, and transportation, it's a smart investment in a burgeoning neighborhood. Don't miss out on the chance to make 197 E 40th Street your next home or investment opportunity! Schedule your viewing today and witness the endless possibilities it holds.

Last Agent to Sell the Property

Ian Rubinstein

Redfin Real Estate License #10401334306 Listed on: 10/12/2023

Redfin Real Estate

Last Buyer's Agent

Non Member

Non Member Office

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

  • $10,572

Year Built

  • Built in 2007

Lot Details

  • 3,028 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 3-Story Property
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Home Owners Association
  • 3 Units
  • Flatbush Subdivision

Listing and Financial Details

  • Legal Lot and Block 0158 / 04894

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,572

Year Built

Built in 2007

Lot Details

3,028 Sq Ft Lot

Listing Details

  • Property SubType: Triplex
  • Property Type: Residential
  • Neighborhood: Flatbush
  • Structure Type: Triplex
  • CustomProperty: { "WeeklyRate": null, "OffMarketDate": "2024-12-03", "LivingAreaRange": null, "GuestHouseYN": null, "Lang2_Type": null, "AboveGradeUnfinishedAreaRange": null, "GuestHouseAreaTotalUnits": null, "PrivateShowingInstructions": null, "NumberOfBoatSlips": null, "LotSizeRangeUnits": null, "LakeId": null, "BuildingAreaTotalRange": null, "HumanModifiedYN": false, "MineralRights": null, "LotSizeRangeSource": null, "Permission": null, "Membership": null, "ModificationTimestamp": "2026-05-15T11:55:23.203-00:00", "Restrictions": null, "BoatDockSlipFeatures": null, "OffersReviewDate": null, "AdditionalFeeFrequency": null, "PotentialShortSale": null, "TitleCompanyPhone": null, "LeaseAmountPerAreaUnit": null, "AssociationFeeTotal": null, "PropertyAccess": null, "AdditionalFee": null, "LakeSize": null, "LivingAreaRangeHigh": null, "LotSizeAreaRangeLow": null, "GarageArea": null, "BelowGradeFinishedAreaRange": null, "BuildingAreaTotalRangeSource": null, "GarageAreaUnits": null, "AdditionalFeeYN": false, "LakeChainName": null, "BelowGradeFinishedAreaRangeUnits": null, "DevelopmentName": null, "TaxAuthority": null, "ProjectName": null, "WaterAccessYN": null, "AssociationFeeTotalFrequency": null, "ListOfficeMlsId": "6796", "GarageDimensions": null, "BelowGradeBedrooms": null, "MembershipRequiredYN": null, "AboveGradeBedrooms": null, "GulfAccessYN": null, "TaxAssessedValueImprovement": null, "AboveGradeUnfinishedAreaRangeSource": null, "OtherExpenseDescription": null, "MembershipFeeFrequency": null, "ListingKeyNumeric": 1092341863, "AdditionalInfo3": null, "BoatDockSlipDescription": null, "AdditionalInfo1": null, "PublicRemarks_lang2": null, "AdditionalInfo2": null, "PublicRemarks_lang3": null, "SourceFloorPlansCount": null, "LastMonthRentReqYN": null, "AboveGradeUnfinishedAreaRangeUnits": null, "ListAOR": null, "ThirdPartyIntegrationType": null, "BuildingAreaTotalRangeUnits": null, "PricePerAreaUnit": null, "FractionalShare": null, "TitleCompanyName": null, "AboveGradeFinishedAreaRangeSource": null, "BelowGradeFinishedAreaRangeSource": null, "OriginatingSystemKey": "2987188", "GuestHouseAreaTotalSource": null, "LeaseTermsDescription": null, "PropertyType": "Residential", "LivingAreaRangeUnits": null, "OriginatingSystemName": "RLS", "BelowGradeUnfinishedAreaRangeSource": null, "LandTenure": null, "OffSeasonRate": null, "Attic": null, "MembershipFee": null, "BoatDockAccommodates": null, "PropertySubTypeAdditional": null, "PricePerArea": null, "BoatDockYN": null, "BonusAmount": null, "GuestHouseAreaTotal": null, "ListingKey": "1092341863", "GuestHouseDescription": null, "SecurityDepositYN": null, "SourceSupplementPublicCount": null, "SaleOrLeaseIncludes": null, "AdditionalFeeDescription": "", "InternetEntireListingDisplayYN": true, "SeasonRate": null, "ComplexName": null, "StoriesPartial": null, "CustomFields": "{\n \"ElevatorsTotal\": \"0\",\n \"GuarantorsAcceptedYN\": \"0\",\n \"CertificateOfOccupancyYN\": \"0\",\n \"CommercialUnitsYN\": \"0\",\n \"TaxAbatementYN\": \"0\",\n \"BuildingTaxLot\": \"0158\",\n \"AttendanceType\": \"None\",\n \"MaximumFinancingRemarks\": \"Call Listing Agent\",\n \"BuyerAgentRLSParticipantYN\": \"0\",\n \"SponsorUnitYN\": \"0\",\n \"ListingKey\": \"1092341863\"\n}", "BoatDockHeight": null, "AvailabilityType": null, "LakeName": null, "OriginatingSystemSubName": "RLS_REBNY", "RiverName": null, "BelowGradeUnfinishedAreaRangeUnits": null, "ListOfficeKey": "5671653", "TaxYearRange": null, "NumberOfBoatDocks": null, "LotSizeAreaRangeHigh": null, "TaxAssessedValueLand": null, "StandardStatus": "Closed", "GulfAccessType": null, "BoatSlipYN": null, "StormProtection": null, "LivingAreaRangeSource": null, "LeaseAmountPerArea": null, "TitleCompanyAddress": null, "MonthlyRate": null, "WaterAccessDescription": null, "SecurityDepositDescription": null, "TaxRate": null, "BelowGradeUnfinishedAreaRange": null, "MembershipDescription": null, "TitleCompanyPreferred": null, "AboveGradeFinishedAreaRangeUnits": null, "AboveGradeFinishedAreaRange": null, "LivingAreaRangeLow": null, "BuildingSizeDimensions": "0", "PropertySubType": "Triplex", "UnitLocation": null, "ConsumerRemarks": null, "LotSizeRange": null, "OffersDescription": null, "Lang3_Type": null, "StoriesPartialTotal": null, "Location": null, "ListingId": null, "RentSpreeYN": null, "RentSpreeURL": null, "ApplicationFee": null, "CommunityDevelopmentDistrictYN": null, "SourceSystemKey": null }
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 6

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Inside, Inside

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 3028.0
  • Lot Size Dimensions: 0

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 2007

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 04894
  • Tax Lot: 0158
  • Tax Annual: 10572.0

Multi Family

  • Building Area Units: Square Feet

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
Oct 12, 2023
Closed on
Dec 2, 2024
Sold by
Louison Camille and Louison Dave
Bought by
Seller's Agent
Ian Rubinstein
Redfin Real Estate
Buyer's Agent
Non Member
Non Member Office
List Price
$1,350,000
Sold Price
$995,000
Premium/Discount to List
-$355,000
-26.3%
Views
5
Current Estimated Value
$1,084,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,246
Avg. Annual Appreciation
4.94%
Original Mortgage
$400,000
Outstanding Balance
$392,786
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$691,460

Purchase Details

Closed on
Dec 30, 2008
Sold by
Asdon Eliyahu
Bought by
Louison Camille and Louison Dave

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,499
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2008
Sold by
A & E Quality 263-40 Corp
Bought by
Asdon Eliyahu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.76%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Flatbush, NY

  • Dazhi Simon Su Real Estate Agent - Re/Max Edge

    Dazhi Simon Su

    Re/Max Edge

    (646) 718-5880

    69 Total Sales

    2 in East Flatbush

    $600,000 Price Range

    Dazhi Simon Su
     Section Image
  • Yau Lung Chan Real Estate Agent - Keller Williams Realty Greater

    Yau Lung Chan

    Keller Williams Realty Greater

    (862) 343-9816

    39 Total Sales

    1 in East Flatbush

    $999,000 Price

    Yau Lung Chan
     Section Image
  • Sergio Balza Real Estate Agent - HomeSmart Premier Living Rlty

    Sergio Balza

    HomeSmart Premier Living Rlty

    (631) 203-2103

    59 Total Sales

    1 in East Flatbush

    $720,000 Price

    Sergio Balza
     Section Image
  • Martin Krasnoff Real Estate Agent - Highline Residential LLC

    Martin Krasnoff

    Highline Residential LLC

    (833) 734-0111

    25 Total Sales

    1 in East Flatbush

    $232,500 Price

    Martin Krasnoff
     Section Image
  • Paul Griffith Real Estate Agent - Griffith Real Estate LLC

    Paul Griffith

    Griffith Real Estate LLC

    (862) 772-8397

    19 Total Sales

    1 in East Flatbush

    $199,000 Price

    Paul Griffith
     Section Image
  • Lisa James Real Estate Agent - Corcoran Group

    Lisa James

    Corcoran Group

    (551) 888-3217

    25 Total Sales

    4 in East Flatbush

    $606K - $975K Price Range

    Lisa James
     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
$995,000 --
Louison Camille $685,000 --
Asdon Eliyahu -- --
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 -- $400,000
Previous Owner Louison Camille $485,764
Previous Owner Louison Camille $199,231
Previous Owner Louison Camille $180,499
Previous Owner Asdon Eliyahu $200,000
Previous Owner Asdon Eliyahu $15,000
Closed Asdon Eliyahu $275,000
Closed Asdon Eliyahu $142,000
Closed Asdon Eliyahu $209,000
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
12/03/2024 12/03/24 Sold $995,000 -26.3% $237 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
10/12/2023 10/12/23 For Sale $1,350,000 -- $321 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $11,162 $79,140 $10,860 $68,280
2025 $10,947 $90,840 $10,860 $79,980
2024 $10,947 $71,760 $10,860 $60,900
2023 $10,567 $88,080 $10,860 $77,220
2022 $6,345 $79,860 $10,860 $69,000
2021 $4,635 $61,680 $10,860 $50,820
2020 $1,457 $57,120 $10,860 $46,260
2019 $1,220 $45,420 $10,860 $34,560
2018 $1,189 $43,360 $9,822 $33,538
2017 $1,189 $40,906 $8,846 $32,060
2016 $1,166 $38,592 $9,556 $29,036
2015 $704 $38,592 $9,035 $29,557
2014 $704 $38,302 $8,967 $29,335
Source: Public Records

Agents Affiliated with this Home

  • NM

    Buyer's Agent in 2024

    Non Member

    Non Member Office

See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10944911

Real Estate Board of New York (REBNY)

APN: 04894-0158

New York Kings County Brooklyn 11203 East Flatbush

197 E 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.

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. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

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