$1,175,000
SOLD DEC 29, 2023
4 Beds
2 Baths
1,680 Sq Ft
1910 Built

Recently Sold

$699 Per Sq Ft

27% Below List Price

52 Days on Market

Highlights

  • No HOA
  • No Heating
  • 3-minute walk to Oracle Playground

About This Home

As of November 2024

Gut rehab needed!

Located in the desirable neighborhood of Fort Greene, Brooklyn, lies the opportunity for architects and contractors to showcase their skills. 40 Clermont Avenue is a brick 1,680 sq ft two-family property with great potential. Let your creativity on this home built in 1910 and capitalize on its investment potential.

The residential area of 40 Clermont is divided into three levels: garden, parlor, and second level, with an additional cellar. The lot size is 16.67 x 87.42 and is zoned M1-2, with a current Floor Area Ratio (FAR) that permits a total built area of 2,924 square feet. If a community facility is constructed, the FAR doubles to 4.8. Additionally, the property is situated in an investment opportunity zone (OPZ), offering potential investment opportunities

Just think about the potential of designing your dream home to match your style or maximizing rental income by having multiple units in this desirable location. The Fort Greene neighborhood is a real gem, providing a lively community with a diverse cultural background. Fort Greene Park is located just a short distance away, allowing you to escape the chaos of city living and enjoy a peaceful retreat. Discover the local stores, trendy restaurants, and art galleries that make Fort Greene a highly sought-after destination for residents and tourists.

Last Agent to Sell the Property

Darrell Williams

Compass License #10301213424 Listed on: 10/10/2023

Compass

Co-Listed By

Michael Bhagwandin

Compass License #10401215946

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 16.670000x87.420000

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • 2 Units
  • Fort Greene Subdivision

Listing and Financial Details

  • Legal Lot and Block 48 / 02032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,700

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Fort Greene
  • Entry Level: 1
  • Structure Type: House
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Living Area: 1680.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7
  • Basement: Yes
  • Basement: Full

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 16.670000x87.420000

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 2
  • Year Built: 1910

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 02032
  • Tax Lot: 48
  • Tax Annual: 2700.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2025
Sold by
40 Clermont House Llc
Bought by
Consoli Ezequiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,848,750
Outstanding Balance
$1,842,526
Interest Rate
6.91%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$57,518

Purchase Details

Listed on
Oct 10, 2023
Closed on
Dec 29, 2023
Sold by
Jacques Amanda and Sober Adam
Bought by
40 Clermont House Llc
Seller's Agent
Darrell Williams
Compass
List Price
$1,600,000
Sold Price
$1,175,000
Premium/Discount to List
-$425,000
-26.56%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.35%
Original Mortgage
$1,060,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 2, 2022
Closed on
Jun 15, 2022
Sold by
Kaplan Prynn and Neste Albert
Bought by
Jacques Amanda and Sober Adam
Seller's Agent
Douglas Bowen
Douglas Elliman Real Estate
List Price
$1,695,000
Sold Price
$1,450,000
Premium/Discount to List
-$245,000
-14.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.76%

Purchase Details

Closed on
Sep 8, 2016
Sold by
The Estate Of Saverio A Vollaro and Vollaro
Bought by
Neste Albert

Purchase Details

Closed on
Nov 26, 1993
Sold by
Tuzzi Louis J
Bought by
Vollaro Saverio Anthony
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,175,000 --
Deed $1,175,000 --
Deed $1,450,000 --
Deed $875,000 --
Quit Claim Deed -- Commonwealth Land Title Ins
Quit Claim Deed -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,848,750 Purchase Money Mortgage
Previous Owner $1,060,000 Purchase Money Mortgage
Previous Owner $400,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 For Rent $14,000 0.0% --
05/30/2025 05/30/25 For Sale $2,495,000 +14.7% $1,114 / Sq Ft
11/15/2024 11/15/24 Sold $2,175,000 -3.3% $971 / Sq Ft
10/15/2024 10/15/24 Price Changed $2,250,000 -10.0% $1,004 / Sq Ft
08/01/2024 08/01/24 For Sale $2,500,000 +112.8% $1,116 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
12/29/2023 12/29/23 Sold $1,175,000 -26.6% $699 / Sq Ft
12/18/2023 12/18/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $1,600,000 +10.3% $952 / Sq Ft
06/15/2022 06/15/22 Sold $1,450,000 -14.5% $863 / Sq Ft
02/02/2022 02/02/22 For Sale $1,695,000 -- $1,009 / 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 $2,679 $84,000 $17,160 $66,840
2024 $2,679 $83,160 $17,160 $66,000
2023 $2,708 $80,580 $17,160 $63,420
2022 $2,641 $65,940 $17,160 $48,780
2021 $2,627 $68,280 $17,160 $51,120
2020 $1,971 $82,800 $17,160 $65,640
2019 $2,325 $80,700 $17,160 $63,540
2017 $2,248 $11,026 $2,444 $8,582
2016 $2,080 $10,404 $2,705 $7,699
2015 $1,255 $9,816 $2,758 $7,058
2014 $1,255 $9,261 $3,122 $6,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10924092

Real Estate Board of New York (REBNY)

APN: 02032-0048