NOT LISTED FOR SALE

297 E 40th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $803,000 - $979,000

0.1 Acre
$8,864,280 Price per Acre
4,513 Sq Ft Lot

Last Sold September 27, 2024

Last sale price $850,000

Est. 4% increase in value since last sale

Current estimated payment $5,210/month

60 Days on Market

About This Lot

As of September 2024

Great location. Existing functional small two family house on the plot. R-5 Zoning.

Last Agent to Sell the Property

Neal & Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #30MO0741430 Listed on: 05/08/2024

RE/MAX Frontier

Co-Listed By

Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #40MO1024827

RE/MAX Frontier

Last Buyer's Agent

Jay Modi

RE/MAX Frontier Brokerage Phone: 718-224-2900 License #40MO1024827

RE/MAX Frontier

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,850

Lot Details

  • 4,513 Sq Ft Lot
  • Lot Dimensions are 40x112
  • Level Lot
  • Cleared Lot

Schools

  • Medgar Evers College Prep Middle School
  • W E B Dubois Academic High School

Listing and Financial Details

  • Legal Lot and Block 43 / 4894
  • Assessor Parcel Number 04894-0043

Property Details

Property Type

Land

Est. Annual Taxes

$5,850

Lot Details

0

Listing Details

  • Property Type: Land
  • Property SubType: Unimproved Land
  • Attribution Contact: 718-224-2900
  • Co List Office Mls Id: ONERMF01
  • Co List Office Phone: 718-224-2900
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage Type: City Street
  • FloodZoneReportYN: 0

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle School: Medgar Evers College Prep School

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 40x112
  • Lot Size Sq Ft: 4513
  • Lot Size Units: Acres
  • Lot Features: Cleared, Level
  • Parcel Number: 04894-0043
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2024-07-08

Tax Info

  • Tax Annual Amount: 5850
  • Tax Block: 4894
  • Tax Lot: 43
  • Tax Map Number: 04894-0043
  • IncludedInTaxes: Trash

MLS Schools

  • High School: W E B Dubois Academic High School
  • Middle School District: Brooklyn 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Sep 25, 2024
Sold by
Chengtrakuun Jalorrut
Bought by
297 E 40Th St Llc
Seller's Agent
Neal & Jay Modi
RE/MAX Frontier
Buyer's Agent
Jay Modi
RE/MAX Frontier
List Price
$900,000
Sold Price
$850,000
Premium/Discount to List
-$50,000
-5.56%
Views
4
Current Estimated Value
$886,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,428
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Jan 30, 2019
Sold by
Estate Of Bruno Andreola and Jalorrut Chengtrakuun As Executor
Bought by
Chengtrakuun Jalorrut
Source: Public Records

Range of Values:

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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
297 E 40Th St Llc $850,000 --
Chengtrakuun Jalorrut -- --
Chengtrakuun Jalorrut -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $850,000 0.0% --
07/08/2024 07/08/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $850,000 -5.6% --
05/08/2024 05/08/24 For Sale $900,000 -- --
Source: OneKey® MLS

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 $6,131 $46,260 $21,360 $24,900
2024 $6,131 $36,540 $21,360 $15,180
2023 $5,850 $44,820 $21,360 $23,460
2022 $5,588 $49,140 $21,360 $27,780
2021 $5,637 $37,920 $21,360 $16,560
2020 $5,637 $38,160 $21,360 $16,800
2019 $5,321 $32,460 $21,360 $11,100
2018 $4,893 $24,004 $13,805 $10,199
2017 $4,173 $22,929 $14,371 $8,558
2016 $1,385 $22,450 $15,579 $6,871
2015 $747 $22,442 $14,121 $8,321
2014 $747 $21,198 $11,924 $9,274
Source: Public Records

Agents Affiliated with this Home

  • Neal & Jay Modi

    Seller's Agent in 2024

    Neal & Jay Modi

    RE/MAX

    (800) 222-6325

    2 in this area

    57 Total Sales

    Neal & Jay Modi
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jay Modi

    RE/MAX

    (646) 732-0513

    2 in this area

    56 Total Sales

    Jay Modi
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY3550336

OneKey® MLS

APN: 04894-0043

New York Kings County Brooklyn 11203 East Flatbush

297 E 40th St, Brooklyn, NY

This home is located at 297 E 40th St, Brooklyn, NY 11203 since 08 May 2024 and is currently estimated at $886,428. 297 E 40th St is a home located in Kings County with nearby schools including PS 235 Janice Marie Knight School, East Flatbush Community Research School, and East Flatbush Ascend Charter School.

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