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Sold for $487,500
  • $487,500

    1240 Bedford Ave APT 1H, Brooklyn, NY 11216

    1beds
    0baths
    756sqft
    Condominium
    Built in 2003
    -- sqft lot
    $490,200 Zestimate®
    $645/sqft
    $3,733 Estimated rent

    Home value

    $490,200

    $456,000 - $525,000

    $3,733/mo

    Zestimate® history
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    What's special

    Exceptional Opportunity to Own a One-Bedroom Condo in the Heart of Bedford-Stuyvesant Here’s your chance to own a thoughtfully designed one-bedroom condo in one of Brooklyn’s most dynamic and desirable neighborhoods. Situated on a prime block in the heart of Bed-Stuy, this home offers unbeatable access to local hotspots, dining, shopping, and multiple subway lines—everything you need is just around the corner. This modern, elevator building is packed with valuable amenities that make daily life easier and more comfortable. Enjoy the convenience of a full-service laundry room, secure on-site parking garage (waitlist required). The building is pet-friendly and professionally managed, offering a strong sense of community and peace of mind. A standout feature of this property is the generous tax abatement through 2030, which keeps your monthly costs exceptionally low. Combined with very affordable common charges of just $457/month, this is an ideal opportunity for first-time buyers and investors alike. If you're looking for comfort, value, and location all in one—this is it. Don’t miss out—schedule your private tour today and experience the best of Bed-Stuy living.

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel Varrella 929-278-1874,

    Revived Residential

    Source: BNYMLS,MLS#: 493613MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 0
    Heating
    • Baseboard
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Dryer, Refrigerator, Stove, Washer
    • Laundry: Laundry – Card Operated, Laundry Area
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 756
    • Total interior livable area: 756 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: 1 Space, Wait-List
    Details
    • Parcel number: 020001007
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Condition
    • Year built: 2003

    Utilities & green energy

    • Utilities for property: Natural Gas Connected, Heat, Water Connected

    Community & HOA

    Community
    • Subdivision: Brooklyn
    HOA
    • HOA fee: $458 monthly
    • HOA name: 212-518-2690
    • HOA phone: 212-518-2690
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $645/sqft
    • Tax assessed value: $89,005
    • Annual tax amount: $296
    • Date on market: 6/19/2025
    • Cumulative days on market: 53 days

    Price history

    DateEventPrice
    4/21/2026Sold$487,500$645/sqft
    Source: BNYMLS #493613 Report a problem
    11/20/2025Sold$487,500-2.3%$645/sqft
    Source: Public Record Report a problem
    8/11/2025Pending sale$499,000+16%$660/sqft
    Source: BNYMLS #493613 Report a problem
    2/14/2020Sold$430,000-4.4%$569/sqft
    Source: Public Record Report a problem
    1/18/2020Pending sale$450,000$595/sqft
    Source: Avenue Sotheby's International Realty #1735606 Report a problem
    1/18/2020Listed for sale$450,000$595/sqft
    Source: Avenue Sotheby's International Realty #1735606 Report a problem
    12/17/2019Listing removed$450,000$595/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    9/24/2019Price change$450,000-3.7%$595/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    6/5/2019Price change$467,500-0.3%$618/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    1/30/2019Price change$469,000-4.1%$620/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    11/8/2018Price change$489,000-1.2%$647/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    7/13/2018Price change$495,000-5.7%$655/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    5/10/2018Listed for sale$525,000+275.2%$694/sqft
    Source: Warren Lewis Sotheby's International Realty #1735606 Report a problem
    4/28/2004Sold$139,932$185/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,540 +1.8%$40,053 -2.2%
    2024$4,459 $40,934 +8.8%
    2023-- $37,638 +5%
    2022-- $35,839 +16.2%
    2021-- $30,838 -13.1%
    2020$3,484 +1079.5%$35,481 +2.7%
    2019$295 -89.9%$34,564 +19.3%
    2018$2,915 +8.2%$28,961 +27.4%
    2017$2,693 +782.8%$22,734 +0.8%
    2016$305 $22,563 +4.9%
    2015$305 +27.9%$21,509 +8.5%
    2014$239 $19,818 +2.8%
    2013-- $19,274 +10.2%
    2012-- $17,490 -20.8%
    2011-- $22,090 +7.1%
    2010-- $20,635 +4.7%
    2009-- $19,704 +67.7%
    2008-- $11,750
    Find assessor info on the county website

    Neighborhood: Bedford-Stuyvesant

    Nearby schools

    GreatSchools rating