
40 Clermont Ave Brooklyn, NY 11205
Fort Greene NeighborhoodAbout This Home
As of November 2024Architects and contractors are welcome. Delivered vacant, 40 Clermont represents a unique opportunity to build your own dream home, a live/work mixed-use property, and/or a purely commercial-use facility. Located inside the boundaries of the Brooklyn Tech Triangle, 40 Clermont is a 17' x 35' building on a 88' lot. There is currently a 1,680 square foot 2-family house on 3 levels with a cellar below. The current FAR (floor area ratio) is 2,924 square feet, which gives you an acquisition cost of $576/buildable square feet. There is new electric brought in from the street and three new panels and meters have been installed. Also, a new copper water main has been installed. If you build a community facility, the FAR doubles. M1-2 Zoning is a Light Manufacturing Zoning district in NYC. In M1-2 there are multiple uses including manufacturing, commercial, and community facility. The existing residential square footage is grandfathered into the property. Please inquire with the brokers about financing options available.
The Brooklyn Tech Triangle initiative, under a partnership of the Brooklyn Navy Yard, the Downtown Brooklyn Partnership and the DUMBO Improvement District, is an effort to bring together support for growing the innovation economy of the borough. There are currently 523 Innovation Companies, proximity to 13 subway lines and 15 bus lines, 77% of the firms say more than 50% of their employees live in Brooklyn, there has been $3.1 billion dollars in economic output per annum and there is a pressing need for 2.2 million additional square feet of space to meet demand. The triangle is expected to create 18,000 jobs over the next two years. There are 127,000 residents within a one-mile radius.
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10301217443 Listed on: 02/02/2022

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,679
Home Design
Interior Spaces
- 2-Story Property
- Washer Dryer Allowed
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Community Details
- 2 Units
- Fort Greene Subdivision
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in Brooklyn, NY
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
Tax History Compared to Growth
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 |
Agents Affiliated with this Home
-
S
Seller's Agent in 2025
Sean Brewer
Compass
(785) 550-9251
1 in this area
22 Total Sales
-
S
Seller Co-Listing Agent in 2025
Stephanie Moon-de Champeaux
Compass
(212) 913-9058
-
Seller's Agent in 2024
Bianca D'Alessio
Nest Seekers LLC
(914) 282-8898
1 in this area
378 Total Sales
-
Seller Co-Listing Agent in 2024
Jeanne Park
Nest Seekers LLC
(347) 864-1594
1 in this area
13 Total Sales
-
Seller's Agent in 2023
Darrell Williams
Compass
(267) 234-4084
1 in this area
25 Total Sales
-
Seller Co-Listing Agent in 2023
Michael Bhagwandin
Compass
(917) 903-3843
1 in this area
27 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10777553

APN: 02032-0048
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