197 E 40th St Brooklyn, NY 11203
East Flatbush Neighborhood
6
Beds
4
Baths
3,600
Sq Ft
3,025
Sq Ft Lot
Highlights
- Wood Flooring
- Walk-In Closet
- Forced Air Heating System
- Main Floor Primary Bedroom
About This Home
As of December 2024Discover 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., Additional information: Interior Features:Lr/Dr
Last Agent to Sell the Property
Ian Rubinstein
Redfin Real Estate Brokerage Phone: 631-337-8238 License #10401334306 Listed on: 10/11/2023
Last Buyer's Agent
Ian Rubinstein
Redfin Real Estate Brokerage Phone: 631-337-8238 License #10401334306 Listed on: 10/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,567
Year Built
- Built in 2007
Lot Details
- 3,025 Sq Ft Lot
- Lot Dimensions are 26x116.33
Home Design
- Quadruplex
- Brick Exterior Construction
- Stucco
Interior Spaces
- 3,600 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Finished Basement
- Walk-Out Basement
- Fire Sprinkler System
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 4 Full Bathrooms
Parking
- Private Parking
- Driveway
Schools
- Ps 235 Janice Marie Knight Elementary School
- Is 211 John Wilson Middle School
- Brooklyn Community High School For Excellence And Equity
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 158 / 4894
- Assessor Parcel Number 04894-0158
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 11, 2023
Closed on
Dec 2, 2024
Sold by
Louison Camille and Louison Dave
Bought by
Mahmood Hanif
Seller's Agent
Ian Rubinstein
Redfin Real Estate
Buyer's Agent
Ian Rubinstein
Redfin Real Estate
List Price
$1,350,000
Sold Price
$995,000
Premium/Discount to List
-$355,000
-26.3%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,945
Avg. Annual Appreciation
2.20%
Original Mortgage
$400,000
Outstanding Balance
$397,921
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$611,024
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%
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
$200,000
Interest Rate
5.76%
Similar Homes in Brooklyn, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $995,000 | -- | |
| Deed | $685,000 | -- | |
| Deed | $685,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $485,764 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $199,231 | No Value Available | |
| Previous Owner | $180,499 | No Value Available | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $275,000 | No Value Available | |
| Previous Owner | $142,000 | No Value Available | |
| Previous Owner | $209,000 | No Value Available | |
| Previous Owner | $15,000 | No Value Available | |
| Closed | $0 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $995,000 | -26.3% | $276 / Sq Ft |
| 03/25/2024 03/25/24 | Pending | -- | -- | -- |
| 10/11/2023 10/11/23 | For Sale | $1,350,000 | -- | $375 / Sq Ft |
Source: OneKey® MLS
Tax History Compared to Growth
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 | $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
-
I
Seller's Agent in 2024
Ian Rubinstein
Redfin Real Estate
Map
Source: OneKey® MLS
MLS Number: L3510072
APN: 04894-0158
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