938 40th St Brooklyn, NY 11219
Borough Park NeighborhoodEstimated payment $9,839/month
Highlights
- Wood Flooring
- 3-minute walk to 9 Avenue
- Hot Water Heating System
- I.S. 223 The Montauk Rated A-
- Multiple cooling system units
- 3-minute walk to Brizzi Playground
About This Home
Introducing this well-maintained 4-family property at 938 40th Street. The building features a desirable layout with two 2-bedroom units and two 3-bedroom units, plus a finished basement. Each unit has separate boiler heat along with separate gas and electric meters, keeping expenses efficient. Conveniently located near transportation, shopping, and local amenities—ideal for investors or end-users.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,439
Year Built
- Built in 1930
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
Home Design
- Flat Roof Shape
- Poured Concrete
- Vinyl Siding
Interior Spaces
- 4 Full Bathrooms
- 2,600 Sq Ft Home
- 2-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Tile
Utilities
- Multiple cooling system units
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 5586
Community Details
Overview
- 4 Units
Building Details
- Fuel Expense $100
- Insurance Expense $4,250
- Utility Expense $200
- Gross Income $100,800
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,418 | $296,550 | $75,600 | $220,950 |
| 2024 | $10,418 | $247,050 | $75,600 | $171,450 |
| 2023 | $10,222 | $229,050 | $75,600 | $153,450 |
| 2022 | $9,489 | $273,600 | $75,600 | $198,000 |
| 2021 | $8,792 | $247,050 | $75,600 | $171,450 |
| 2020 | $4,017 | $247,860 | $75,600 | $172,260 |
| 2019 | $8,015 | $247,860 | $75,600 | $172,260 |
| 2016 | $7,038 | $56,954 | $26,578 | $30,376 |
| 2015 | $4,547 | $53,094 | $27,874 | $25,220 |
| 2014 | $4,547 | $50,679 | $30,960 | $19,719 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2026 02/04/26 | Price Changed | $1,690,000 | -5.6% | $650 / Sq Ft |
| 01/21/2026 01/21/26 | Price Changed | $1,790,000 | -5.3% | $688 / Sq Ft |
| 01/02/2026 01/02/26 | For Sale | $1,890,000 | -- | $727 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 498098
APN: 05586-0023 01
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