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For sale
  • Price cut: $100K (5/18)
    $899,999

    1040 Broadway, Brooklyn, NY 11221

    --beds
    --baths
    2,973sqft
    Loading
    Duplex, Multi Family
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $303/sqft
    $-- HOA

    What's special

    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.
    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#: 996620MLS Logo

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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

        DateEventPrice
        5/18/2026Price change$899,999-10%$303/sqft
        Source: OneKey® MLS as distributed by MLS GRID #996620 Report a problem
        8/23/2024Listed for sale$999,999+11.2%$336/sqft
        Source: OneKey® MLS as distributed by MLS GRID #H6324590 Report a problem
        8/1/2024Listing removed$899,000$302/sqft
        Source: StreetEasy #1706489 Report a problem
        3/25/2024Listed for sale$899,000$302/sqft
        Source: StreetEasy Report a problem
        5/13/2015Listing removed$2,200$1/sqft
        Source: Postlets Report a problem
        5/6/2015Listed for rent$2,200$1/sqft
        Source: Postlets Report a problem

        Public tax history

        YearProperty taxesTax 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

        Getting around

        97 / 100
        Walker's Paradise
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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