NOT LISTED FOR SALE

940 40th St Unit 3B Brooklyn, NY 11219

Borough Park Neighborhood

Estimated Value: $545,000 - $571,000

2 Beds
1 Bath
629 Sq Ft
2,526 Sq Ft Lot

Sale Details

Date Sold: May 2, 2022

Last sale price $490,000 $779 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,245 / mo

Highlights

  • Multiple cooling system units
  • 3-minute walk to 9 Avenue
  • 3-minute walk to Brizzi Playground
  • I.S. 223 The Montauk Rated A-
  • Split Air Conditioning

About This Home

As of May 2022

Desirable location, 2 year old condo, hardwood floors, eat-in kitchen, balcony, laundry in unit. Very convenient to restaurants, groceries, and other shopping stores. 12 years tax abatement, close to school and D train station.

Last Agent to Sell the Property

Zhang Xian Jin

RE/MAX Edge License #10401336169 Listed on: 12/14/2021

RE/MAX Edge

Last Buyer's Agent

Fei Lin

Winzone Realty Inc

Winzone Realty Inc

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

  • Condominium

Est. Annual Taxes

  • $170

Year Built

  • Built in 2014

Lot Details

  • 2,526

Home Design

  • 629 Sq Ft Home
  • Entry on the 3rd floor

Kitchen

  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Multiple cooling system units
  • Split Air Conditioning

Community Details

  • 7 Units
  • Association Phone (917) 886-1360
  • The 940 40Th Street Condominium Condos
  • Property managed by 940 40th Street Condominium

Listing and Financial Details

  • Tax Block 5586
  • Property eligible for a tax abatement

Property Details

Home Type

Condominium

Est. Annual Taxes

$170

Year Built

Built in 2014

Lot Details

2,526 Sq Ft Lot

Listing Details

  • Total Bathrooms: 1.00
  • Baths Total Level1: 1.00
  • Borough: Brooklyn
  • Confirmed By M L S Y N: Yes
  • Cross Street: 9th Avenue
  • Cross Street Name2: 39th Street
  • Fee Includes Assessment Y N: No
  • Handicap Access Y N U: No
  • Maintenance Common Fee: 293.00
  • Negotiate Thru: Broker
  • Parking Attributes: None
  • Property Sub Type: Condo
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Wall, Central Air - Split, Dryer, Refrigerator, Stove, Washer
  • Fill Sq Ft Total: 629
  • Street Name I D X: 40th
  • Year Built: 2014
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Floor: 3
  • Basement Type: Apartment

Exterior Features

  • Exterior Building Type: Attached
  • Lot Number: 7501

Utilities

  • Air Conditioning Units: 3
  • Utilities: Water

Condo/Co-op/Association

  • Management Company: 940 40th Street Condominium
  • Manager Phone: 917-886-1360
  • Units In Building: 7

Lot Info

  • Building Project Name: The 940 40th Street Condominium

Tax Info

  • Tax Abatement: Yes
  • Flip Tax Amount: 170.00

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
Dec 14, 2021
Closed on
May 2, 2022
Sold by
He Huirong and Zheng Ji He
Bought by
Seller's Agent
Zhang Xian Jin
RE/MAX Edge
Buyer's Agent
Fei Lin
Winzone Realty Inc
Sold Price
$490,000
Current Estimated Value
$585,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,295
Avg. Annual Appreciation
3.21%
Original Mortgage
$294,000
Outstanding Balance
$274,727
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$287,392

Purchase Details

Closed on
Aug 18, 2017
Sold by
Myw Realty Llc
Bought by
He Huirong and Zheng Ji He

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Borough Park, NY

  • Niccolo Saraceno Real Estate Agent - eXp Realty

    Niccolo Saraceno

    eXp Realty

    (860) 901-1148

    23 Total Sales

    1 in Borough Park

    $2,650,000 Price

    Niccolo Saraceno
     Section Image
  • Danny Chung Real Estate Agent

    Danny Chung

    (866) 968-7198

    95 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Danny Chung
     Section Image
  • Anthony Parascandolo Real Estate Agent - RE/MAX Elite

    Anthony Parascandolo

    Responds Quickly

    RE/MAX Elite

    (347) 952-7649

    51 Total Sales

    2 in Borough Park

    $1,201,000 Price Range

    Anthony Parascandolo
     Section Image
  • Allan Zhu Real Estate Agent - RE/MAX Edge

    Allan Zhu

    Responds Quickly

    RE/MAX Edge

    (833) 369-2730

    102 Total Sales

    1 in Borough Park

    $1,130,000 Price

    Allan Zhu
     Section Image
  • Mitchell Feldman Real Estate Agent

    Mitchell Feldman

    Responds Quickly

    (855) 629-2561

    100 Total Sales

    1 in Borough Park

    $1,800,000 Price

    Mitchell Feldman
     Section Image
  • Kawing Chiu Real Estate Agent - Ashford Homes LLC

    Kawing Chiu

    Responds Quickly

    Ashford Homes LLC

    (844) 251-3656

    105 Total Sales

    3 in Borough Park

    $490K - $572K Price Range

    Kawing Chiu
     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
$490,000 --
He Huirong $486,720 --
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 $294,000
Previous Owner He Huirong $180,000
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
05/02/2022 05/02/22 Sold $490,000 -- $779 / Sq Ft
12/14/2021 12/14/21 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 $180 $56,104 $5,841 $50,263
2025 $180 $46,764 $5,841 $40,923
2024 $180 $38,961 $5,841 $33,120
2023 $177 $38,367 $5,841 $32,526
2022 $176 $37,679 $5,842 $31,837
2021 $174 $44,326 $5,842 $38,484
2020 $180 $43,032 $5,842 $37,190
2019 $180 $40,105 $5,842 $34,263
2018 $0 $33,412 $5,843 $27,569
Source: Public Records

Agents Affiliated with this Home

  • Zhang Xian Jin Real Estate Agent - RE/MAX Edge

    Seller's Agent in 2022

    Zhang Xian Jin

    RE/MAX Edge

    1 in this area

    16 Total Sales

    Zhang Xian Jin
    Section Image

  • FL

    Buyer's Agent in 2022

    Fei Lin

    Winzone Realty Inc

    (646) 683-6988

    7 in this area

    47 Total Sales

    Fei Lin
    Section Image
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Map

Source: Brooklyn Board of REALTORS®

MLS Number: 457716

Brooklyn Board of REALTORS®

APN: 05586-1106

New York Kings County Brooklyn 11219 Borough Park

940 40th St Unit 3B, 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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