NOT LISTED FOR SALE

540 E 38th St Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated Value: $676,000 - $747,000

5 Beds
2 Baths
1,280 Sq Ft
$555/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $541,800 $423 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,193/month

99 Days on Market

About This Home

As of November 2023

Hot Property Alert - Prime Investment in East Flatbush Brooklyn. This 2 Family is ready, set to go. The property records indicate a total of 5 Br / 2 Bathrooms with an estimated 1544 square feet of living space with 2 separate side by side entry units. A beautiful opportunity awaits you so ""Bring the Love" to Brooklyn. BuildingAreaSource: Other, ConstructionDescription: Vinyl Siding, ParkingFeatures: On Street,

Last Agent to Sell the Property

Jennifer Jackson

VYLLA Home Brokerage Phone: (917) 362-1516 License #10401362096 Listed on: 06/07/2023

VYLLA Home

Co-Listed By

Alfonso, Derrick Logan

VYLLA Home Brokerage Phone: (917) 362-1516 License #10401238358

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,372

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Frame Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Schools

  • Andries Hudde Middle School
  • Brooklyn College Academy High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 04954-0031

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,372

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1920
  • Attribution Contact: (917) 362-1516
  • Special Features: Auction
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: See Remarks
  • Total Bedrooms: 5
  • SquareFootageSource: Other

Exterior Features

  • Construction Materials: Frame, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 1
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, See Remarks
  • Sewer: Public Sewer, Other
  • Water Source: Public, See Remarks
  • GarbageRemoval: Other
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Andries Hudde School

Lot Info

  • Lot Size Acres: 0.04
  • Lot Features: Level
  • Parcel Number: 04954-0031
  • Property Attached: Yes

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 5372
  • Tax Map Number: 04954-0031

MLS Schools

  • Elementary School: Call Listing Agent
  • High School: Brooklyn College Academy
  • Middle School District: Brooklyn 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Nov 1, 2023
Sold by
New Castle Mortgage Securities Trust 200 and The Bank Of New York
Bought by
Ss 149 Street Inc
Seller's Agent
Jennifer Jackson
VYLLA Home
List Price
$735,000
Sold Price
$541,800
Premium/Discount to List
-$193,200
-26.29%
Views
214
Current Estimated Value
$710,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,914
Avg. Annual Appreciation
13.45%

Purchase Details

Closed on
May 30, 2023
Sold by
Laspina Gregory M
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Dec 3, 2014
Sold by
Stewart Marcela T
Bought by
540 E 38Th Street Llc

Purchase Details

Closed on
Jan 19, 2007
Sold by
Validum Cedric Compton and Validum Veria
Bought by
Stewart Marcela T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage
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
Ss 149 Street Inc $541,800 --
Ss 149 Street Inc $541,800 --
The Bank Of New York Mellon $900,097 --
The Bank Of New York Mellon $900,097 --
540 E 38Th Street Llc $18,000 --
540 E 38Th Street Llc $18,000 --
Stewart Marcela T $495,000 --
Stewart Marcela T $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stewart Marcela T $445,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $541,800 -23.1% $423 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
08/31/2023 08/31/23 Price Changed $705,000 -4.1% $551 / Sq Ft
08/26/2023 08/26/23 For Sale $735,000 0.0% $574 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
06/17/2023 06/17/23 Price Changed $735,000 -1.3% $574 / Sq Ft
06/07/2023 06/07/23 For Sale $745,000 -- $582 / Sq Ft
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 $5,631 $36,240 $13,140 $23,100
2024 $5,631 $38,160 $13,140 $25,020
2023 $5,372 $40,140 $13,140 $27,000
2022 $5,281 $36,780 $13,140 $23,640
2021 $5,488 $35,640 $13,140 $22,500
2020 $2,591 $35,820 $13,140 $22,680
2019 $4,888 $28,680 $13,140 $15,540
2018 $4,494 $22,044 $10,271 $11,773
2017 $4,494 $22,044 $11,861 $10,183
2016 $4,344 $21,730 $10,212 $11,518
2015 $2,508 $20,638 $12,352 $8,286
2014 $2,508 $19,471 $12,418 $7,053
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jennifer Jackson

    VYLLA Home

    1 in this area

    5 Total Sales

    Jennifer Jackson
    Section Image
  • Alfonso, Derrick Logan

    Seller Co-Listing Agent in 2023

    Alfonso, Derrick Logan

    VYLLA Home

    (917) 319-0304

    1 in this area

    47 Total Sales

    Alfonso, Derrick Logan
    Section Image
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Map

Source: OneKey® MLS

MLS Number: KEY6253364

OneKey® MLS

APN: 04954-0031

New York Kings County Brooklyn 11203 East Flatbush

540 E 38th St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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