NOT LISTED FOR SALE

413 40th St Brooklyn, NY 11232

Sunset Park Neighborhood

Estimated Value: $1,574,000 - $1,762,738

7 Beds
3 Baths
3,000 Sq Ft
$561/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,657,000 $552 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,376/month

68 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 5-minute walk to 36 Street (D,M,N,R Line)

About This Home

As of June 2023

This spacious multi-family home in Sunset Park with 3 floor-through apartments and a basement is a desirable property for both families and investors. The 3 floor-through apartments provide each family with their own private living space, while still allowing for proximity to loved ones. The basement can be utilized for additional storage and there is a large backyard for entertaining. The building is currently vacant and ready to move in.

As an investment opportunity, this multi-family home in Sunset Park can provide the opportunity for rental income from multiple units. The convenient location of Sunset Park/Greenwood Heights, with its many amenities and the nearby express subway station at 36th Street & 4th Avenue, can make this property even more attractive to potential renters.

Overall, this spacious multi-family home in Sunset Park with 3 floor-through apartments and a basement is a great option for families and investors alike. It offers both the opportunity for a shared living space and potential for rental income in a desirable location.

Last Agent to Sell the Property

Kurt Vikki

Compass License #10401239518 Listed on: 02/23/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,000 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Community Details

  • Sunset Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 68 / 709

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: 4th Avenue/5th Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Sunset Park
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 709
  • Tax Lot: 68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Jun 28, 2023
Sold by
Christopher Phelan Executor Of and The
Bought by
Bee Satyam Neil and Potter Amy Elizabeth
Seller's Agent
Kurt Vikki
Compass
List Price
$1,598,000
Sold Price
$1,657,000
Premium/Discount to List
$59,000
3.69%
Views
137
Current Estimated Value
$1,682,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,435
Avg. Annual Appreciation
0.61%
Original Mortgage
$1,325,600
Outstanding Balance
$1,292,665
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$389,770
Source: Public Records

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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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
Bee Satyam Neil $1,657,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bee Satyam Neil $1,325,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2023 06/29/23 Sold $1,657,000 +3.7% $552 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $1,598,000 -- $533 / 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 $6,930 $86,880 $16,380 $70,500
2024 $6,930 $83,880 $16,380 $67,500
2023 $2,648 $101,880 $16,380 $85,500
2022 $2,253 $96,000 $16,380 $79,620
2021 $2,377 $95,820 $16,380 $79,440
2019 $2,348 $87,360 $16,380 $70,980
2018 $2,107 $27,139 $5,717 $21,422
2017 $4,923 $25,618 $4,978 $20,640
2016 $4,525 $24,184 $6,342 $17,842
2015 $2,695 $24,184 $6,898 $17,286
2014 $2,695 $23,961 $8,203 $15,758
Source: Public Records

Agents Affiliated with this Home

  • Kurt Vikki

    Seller's Agent in 2023

    Kurt Vikki

    Compass

    (917) 642-0908

    5 in this area

    27 Total Sales

    Kurt Vikki
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10862308

Real Estate Board of New York (REBNY)

APN: 00709-0068

New York Kings County Brooklyn 11232 Sunset Park

413 40th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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