NOT LISTED FOR SALE

40 Southgate Ct Brooklyn, NY 11223

Gravesend Neighborhood

Estimated Value: $1,386,745

Studio
3 Baths
2,496 Sq Ft
$556/Sq Ft Est. Value

Sale Details

Date Sold: August 3, 2021

Last sale price $1,110,000 $445 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $8,477 / mo

Highlights

  • Wood Flooring
  • 3-minute walk to Avenue X
  • Heating System Uses Steam
  • P.S. 216 Arturo Toscanini Rated 9+
  • Multiple cooling system units
  • Laundry Facilities

About This Home

As of August 2021

Luxury 3 family being used as 2 Family.
Gut Renovated needs no work!
1st floor and basement duplex: 2 bedroom / 2 bathroom. Brand new kitchen and bathrooms. Another bedroom in basement.
2nd floor: 2 bedroom, 1 bathroom. Brand new kitchen and bathroom. Shared driveway. Huge backyard.

Bldg Size: 16x52 / Lot size: 20x80

Last Agent to Sell the Property

Benjamin Mann

Wolf Properties Inc Listed on: 02/25/2021

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

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 80 x 20
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,496 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Shared Driveway

Utilities

  • Multiple cooling system units
  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tax Block 7174

Property Details

Home Type

Multi-Family

Lot Details

1,600 Sq Ft Lot

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 52.00
  • Building Width: 16.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: West 1st
  • Cross Street Name2: Stryker
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Negotiate Thru: Broker
  • Number Of Families: 3
  • Parking Attributes: 2 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Alarm, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Washer, Other
  • Fill Sq Ft Total: 2496
  • Street Name I D X: Southgate
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 3
  • Flooring: Hardwood
  • Lot Sq Ft: 1600

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Block
  • Lot Number: 84
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V, Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 80
  • Lot Size Width: 20

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
Feb 25, 2021
Closed on
Aug 3, 2021
Sold by
40 Southgate Llc
Bought by
Seller's Agent
Benjamin Mann
Wolf Properties Inc
Sold Price
$1,110,000
Current Estimated Value
$1,386,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,745
Avg. Annual Appreciation
4.44%
Original Mortgage
$832,500
Outstanding Balance
$741,801
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$644,944

Purchase Details

Closed on
Mar 20, 2018
Sold by
Akibeh Ibrahim
Bought by
40 Southgate Llc

Purchase Details

Closed on
Dec 30, 2016
Sold by
Mtglq Investors Lp and % Rushmore Loan Management Services Llc
Bought by
Akibeh Ibrahim

Purchase Details

Closed on
Feb 29, 2016
Sold by
Tsang Siu Wai
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
May 4, 2004
Sold by
Chen Nai Chao
Bought by
Tsang Siu Wai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.3%

Purchase Details

Closed on
Aug 27, 2003
Sold by
Giustino Catherine and As Surviving Heir Of Antonia And Antonio
Bought by
Giustino Catherine and Liegi Francesca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 1998
Sold by
Losito Antonia and Losito Vito
Bought by
Losito Vito and Verga Chiara
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Gravesend, NY

  • Igor Yakubinskiy Real Estate Agent - Century 21 Homefront Realty

    Igor Yakubinskiy

    Century 21 Homefront Realty

    (929) 543-5528

    26 Total Sales

    1 in Gravesend

    $390,000 Price

    Igor Yakubinskiy
     Section Image
  • Boris Gelfand Real Estate Agent - Gelfand Realty, Inc.

    Boris Gelfand

    Gelfand Realty, Inc.

    (833) 994-3095

    86 Total Sales

    1 in Gravesend

    $275,000 Price

    Boris Gelfand
     Section Image
  • Joseph DeVito Real Estate Agent - BHHS Fillmore R.E.

    Joseph DeVito

    BHHS Fillmore R.E.

    (877) 719-3170

    43 Total Sales

    4 in Gravesend

    $303K - $1.3M Price Range

    Joseph DeVito
     Section Image
  • Danielle Jabour Real Estate Agent - Jabour Realty Company

    Danielle Jabour

    Jabour Realty Company

    (551) 267-7250

    84 Total Sales

    1 in Gravesend

    $1,455,000 Price

    Danielle Jabour
     Section Image
  • Ro Palladino Real Estate Agent - AYERS AND ASSOCIATES REAL ESTATE

    Ro Palladino

    AYERS AND ASSOCIATES REAL ESTATE

    (866) 515-2341

    26 Total Sales

    1 in Gravesend

    $1,568,000 Price

    Ro Palladino
     Section Image
  • Kathleen Kennedy Real Estate Agent - Imagine Properties NY

    Kathleen Kennedy

    Imagine Properties NY

    (845) 448-8966

    86 Total Sales

    1 in Gravesend

    $450,000 Price

    Kathleen Kennedy
     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
$1,110,000 --
40 Southgate Llc -- --
Akibeh Ibrahim $727,846 --
Mtglq Investors Lp $531,881 --
Tsang Siu Wai $510,000 --
Giustino Catherine -- --
Chen Nai Chao $520,000 --
Losito Vito -- Commonwealth Land Title Ins
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 -- $832,500
Previous Owner Akibeh Ibrahim $752,500
Previous Owner Dirayata Teresa $20,000
Closed Tsang Siu W $85,000
Previous Owner Tsang Siu Wai $484,000
Previous Owner Chen Nai Chao $413,100
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
08/03/2021 08/03/21 Sold $1,110,000 -- $445 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
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 $7,774 $79,800 $7,680 $72,120
2025 $7,685 $81,360 $7,680 $73,680
2024 $7,685 $72,840 $7,680 $65,160
2023 $7,335 $77,460 $7,680 $69,780
2022 $7,210 $84,900 $7,680 $77,220
2021 $7,195 $77,880 $7,680 $70,200
2020 $3,374 $75,120 $7,680 $67,440
2019 $6,670 $63,480 $7,680 $55,800
2018 $6,135 $30,097 $4,333 $25,764
2017 $6,135 $30,097 $5,306 $24,791
2016 $5,696 $28,492 $6,028 $22,464
2015 $3,205 $26,880 $8,520 $18,360
2014 $3,205 $26,572 $8,422 $18,150
Source: Public Records

Agents Affiliated with this Home

  • BM

    Seller's Agent in 2021

    Benjamin Mann

    Wolf Properties Inc

    (718) 382-9653

    1 in this area

    1 Total Sale

    Benjamin Mann
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 448649

Brooklyn Board of REALTORS®

APN: 07174-0084

New York Kings County Brooklyn 11223 Gravesend

40 Southgate Ct, 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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