Vacant mixed-use investment and potential development opportunity on the Broadway corridor in Brooklyn, surrounded by active neighborhood retail, residential uses, and convenient transit access. Property is being sold strictly as-is, including condition and any existing DOB/ECB violations. Public information indicates C4-4L zoning on an approximately 2,614 SF lot. Preliminary FAR-based estimate suggests approx. 10,456 buildable SF at 4.0 FAR, with possible upside to approx. 12,024 SF if an affordable housing / Inclusionary Housing bonus floor area were available and approved. All figures are preliminary estimates for marketing purposes only and have not been confirmed by an architect, zoning consultant, or expeditor. Buyer must independently verify all zoning, FAR, buildable SF, use, occupancy, violations, and development potential.
For sale
Price cut: $100K (5/18)
$899,999
1040 Broadway, Brooklyn, NY 11221
--beds
--baths
2,973sqft
Duplex, Multi Family
Built in 1931
-- sqft lot
$-- Zestimate®
$303/sqft
$-- HOA
What's special
- 45 days |
- 470 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty NYC Grp 718-697-6800,
Vanessa Villanueva 917-557-5302
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 996620
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Facts & features
Interior
Heating
- Radiant, Other
Cooling
- None
Features
- Other
- Basement: Bilco Door(s)
- Attic: None
Interior area
- Total structure area: 2,973
- Total interior livable area: 2,973 sqft
Video & virtual tour
Property
Parking
- Parking features: None
Features
- Exterior features: None
Lot
- Size: 987 Square Feet
Details
- Parcel number: 015930036
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- Fixer
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: None
Community & HOA
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $303/sqft
- Tax assessed value: $1,122,000
- Annual tax amount: $4,869
- Date on market: 5/18/2026
- Cumulative days on market: 40 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Price change | $899,999-10%$303/sqft |
Source: | ||
| 8/23/2024 | Listed for sale | $999,999+11.2%$336/sqft |
Source: | ||
| 8/1/2024 | Listing removed | $899,000$302/sqft |
Source: StreetEasy #1706489 Report a problem | ||
| 3/25/2024 | Listed for sale | $899,000$302/sqft |
Source: StreetEasy Report a problem | ||
| 5/13/2015 | Listing removed | $2,200$1/sqft |
Source: Postlets Report a problem | ||
| 5/6/2015 | Listed for rent | $2,200$1/sqft |
Source: Postlets Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,929 -1.2% | $67,320 -13.2% |
| 2024 | $4,989 | $77,520 +2.4% |
| 2023 | -- | $75,720 +13% |
| 2022 | -- | $67,020 +9.6% |
| 2021 | -- | $61,140 +16.2% |
| 2020 | $4,086 +0% | $52,620 +14.9% |
| 2019 | $4,085 -0.9% | $45,780 +132.3% |
| 2018 | $4,122 +6.5% | $19,704 +3.8% |
| 2017 | $3,870 +21% | $18,987 +6% |
| 2016 | $3,200 | $17,914 +3.8% |
| 2015 | $3,200 +64.9% | $17,251 |
| 2014 | $1,941 | $17,251 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Bedford-Stuyvesant
Nearby schools
GreatSchools rating
- 2/10Ps 81 Thaddeus StevensGrades: PK-5Distance: 0.2 mi
- 5/10Madiba Prep Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Boys and Girls High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Contact Agent
- High: Contact Agent
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.







