$1,890,000

938 40th St Brooklyn, NY 11219

Borough Park Neighborhood

Estimated payment $10,744/month

Total Views 78
-- Bed
4 Baths
2,600 Sq Ft
$727 Price per Sq Ft

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.

Listing Agent

Fei Chan Lin

Tiger Realty Listed on: 01/02/2026

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,439

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 65.00
  • Building Width: 20.00
  • Confirmed By M L S Y N: No
  • Cross Street: 9th Av
  • Cross Street Name2: New Utrecht Av
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Number Of Families: 4
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove, Other
  • Fill Sq Ft Total: 2600
  • Building Stories: 2
  • Street Name I D X: 40th
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 4
  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 2003

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Vinyl Siding, Other
  • Foundation Details: Poured Concrete
  • Lot Number: 23
  • Roof: Flat, Other

Utilities

  • Air Conditioning Units: 5+
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 100.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R6

Multi Family

  • Annual Gross Expense: 17989.00
  • Annual Gross Income: 100800
  • Insurance Expense: 4250.00
  • Unit Count: 4
  • Annual Utility Expenses: 200.00

Tax Info

  • Flip Tax Amount: 10439.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 For Sale $1,890,000 -- $727 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 498098

Brooklyn Board of REALTORS®

APN: 05586-0023 01

New York Kings County Brooklyn 11219 Borough Park

938 40th St, Brooklyn, NY

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Fei Chan Lin
Section Image
Tiger Realty
(347) 983-1339