NOT LISTED FOR SALE

516 40th St Brooklyn, NY 11232

Sunset Park Neighborhood

Estimated Value: $1,209,000 - $1,359,000

5 Beds
3 Baths
3,400 Sq Ft
$370/Sq Ft Est. Value

Last Sold September 20, 2023

Last sale price $1,168,000 $344 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,674/month

31 Days on Market

About This Home

As of September 2023

EXP Realty has retained the exclusive to present 516 40th Street, in Sunset Park, Brooklyn for sale.

Last Listed By

Rong Yu

EXP Realty Brokerage Phone: 888-276-0630 License #10401291478 Listed on: 05/22/2023

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,640

Year Built

  • Built in 1920

Lot Details

  • 1,713 Sq Ft Lot
  • Lot Dimensions are 19x90.17
  • Two or More Common Walls

Parking

  • Public Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Is 136 Charles O Dewey Middle School
  • Brooklyn Frontiers High School

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity
  • Legal Lot and Block 13 / 917

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,640

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Townhouse
  • Property SubType: Multi Family
  • Levels: Three Or More
  • Year Built: 1920
  • New Construction: No
  • Attribution Contact: 888-276-0630
  • BuildingSize: 19X60
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 3
  • Basement: See Remarks
  • Total Bedrooms: 5
  • NumberOfKitchens: 3

Exterior Features

  • Construction Materials: Brick
  • FloodZoneReportYN: 0

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: Public Parking

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Is 136 Charles O Dewey

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 19X90.17
  • Lot Size Sq Ft: 1713
  • Lot Size Units: Acres
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Considered: No
  • Tenant Pays: Cooking Gas, Electricity

Multi Family

  • Units Total: 3
  • Separate Electric Meters: 3
  • Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 7640
  • Tax Block: 917
  • Tax Lot: 13

MLS Schools

  • High School: Brooklyn Frontiers High School
  • Middle School District: Brooklyn 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Sep 20, 2023
Sold by
Nieves Juan and Nieves Renee
Bought by
516-40 Holdings Inc
Seller's Agent
Rong Yu
EXP Realty
Buyer's Agent
Non Member
NonMember
List Price
$1,325,000
Sold Price
$1,168,000
Premium/Discount to List
-$157,000
-11.85%
Total Days on Market
31
Views
35
Current Estimated Value
$1,258,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,656
Avg. Annual Appreciation
4.81%
Original Mortgage
$630,000
Outstanding Balance
$620,559
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$638,097

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
516-40 Holdings Inc $1,168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 516-40 Holdings Inc $630,000
Previous Owner Nieves Juan $450,000
Previous Owner Nieves Juan $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Sold $1,168,000 -11.8% $344 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
05/22/2023 05/22/23 For Sale $1,325,000 -- $390 / Sq Ft
Source: OneKey® MLS

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
2024 $7,772 $74,040 $25,080 $48,960
2023 $7,859 $82,680 $25,080 $57,600
2022 $7,510 $78,000 $25,080 $52,920
2021 $7,619 $70,980 $25,080 $45,900
2020 $5,715 $72,240 $25,080 $47,160
2019 $6,746 $57,420 $25,080 $32,340
2018 $6,573 $32,246 $10,522 $21,724
2017 $6,391 $31,351 $11,764 $19,587
2016 $6,031 $30,171 $15,287 $14,884
2015 $3,347 $28,464 $13,602 $14,862
2014 $3,347 $26,872 $15,412 $11,460
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Rong Yu

    EXP Realty

    (888) 276-0630

    2 in this area

    15 Total Sales

    Rong Yu
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NonMember

See All Agents

Map

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Source: OneKey® MLS

MLS Number: KEY3479810

OneKey® MLS

APN: 00917-0013

New York Kings County Brooklyn 11232 Sunset Park

516 40th St, Brooklyn, NY

Homes for Sale in Brooklyn, NY

This home is located at 516 40th St, Brooklyn, NY 11232 since 22 May 2023 and is currently estimated at $1,258,656, approximately $370 per square foot. This property was built in 1920. 516 40th St is a home located in Kings County with nearby schools including P.S. 24 and Yeshiva Chatzar Hakodesh Sanz.

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