Discover the advantages of owning a multi-family living in East Flatbush! Nestled on a serene tree-lined street, 197 E 40th Street offers an incredible opportunity for investors and homeowners alike. This spacious gem boasts an ideal layout with four distinct units, providing an impressive array of living options. This multi-family residence is brilliantly designed for both convenience and comfort. The basement features a cozy 1-bedroom unit, while the first floor boasts a well-appointed 2-bedroom, 1-bathroom unit. On the second floor, you'll find a generous 3-bedroom, 1-bathroom unit with ample space. The third floor completes this exceptional property with a 2-bedroom, 1-bathroom unit that offers versatile living arrangements. This property is a rare find, promising versatility, and potential for rental income. With proximity to schools, shopping, and transportation, it's a smart investment in a burgeoning neighborhood. Don't miss out on the chance to make 197 E 40th Street your next home or investment opportunity! Schedule your viewing today and witness the endless possibilities it holds., Additional information: Interior Features:Lr/Dr
Sold for $995,000
$995,000
197 E 40th Street, Brooklyn, NY 11203
6beds
3,600sqft
Quadruplex, Multi Family
Built in 2007
-- sqft lot
$1,099,700 Zestimate®
$276/sqft
$3,503 Estimated rent
Home value
$1,099,700
$990,000 - $1.21M
$3,503/mo
Zestimate® history
Owner options
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$3,503/mo
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$3,503/mo
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$5,898/mo
Est. payment
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$5,898/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ian S. Rubinstein 516-902-8686,
Redfin Real Estate 631-337-8238
Bought with:
Ian S. Rubinstein, 10401334306
Redfin Real Estate
Source: OneKey® MLS as distributed by MLS GRID,MLS#: L3510072
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Other
- Description: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom
- Level: First
Other
- Description: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bedroom, Bathroom
- Level: Second
Other
- Description: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom
Other
- Description: Finished, Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom
- Level: Basement
Heating
- Forced Air
Cooling
- Wall/Window Unit(s)
Features
- First Floor Bedroom, Master Downstairs
- Flooring: Hardwood
- Basement: Finished,Walk-Out Access
- Attic: None
- Has fireplace: No
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Driveway, Private
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
Lot
- Size: 3,025 sqft
- Dimensions: 26 x 116.33
Details
- Parcel number: 048940158
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick, Stucco
Condition
- Year built: 2007
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Trash Collection Public
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Brooklyn
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2024 | Sold | $995,000-26.3%$276/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #L3510072 Report a problem | ||
| 3/28/2024 | Pending sale | $1,350,000$375/sqft |
Source: OneKey® MLS as distributed by MLS GRID #3510072 Report a problem | ||
| 10/12/2023 | Listed for sale | $1,350,000+96.3%$375/sqft |
Source: OneKey® MLS as distributed by MLS GRID #3510072 Report a problem | ||
| 6/4/2019 | Listing removed | $2,400$1/sqft |
Source: BKNY Troy Avenue Realty Corp Report a problem | ||
| 5/16/2019 | Listed for rent | $2,400$1/sqft |
Source: BKNY Troy Avenue Realty Corp Report a problem | ||
| 1/15/2009 | Sold | $687,727$191/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,027 +0.7% | $90,840 +26.6% |
| 2024 | $10,947 | $71,760 -18.5% |
| 2023 | -- | $88,080 +10.3% |
| 2022 | -- | $79,860 +29.5% |
| 2021 | -- | $61,680 +8% |
| 2020 | $2,948 +138.8% | $57,120 +25.8% |
| 2019 | $1,234 -86.4% | $45,420 +4.8% |
| 2018 | $9,070 +8.8% | $43,360 +6% |
| 2017 | $8,339 +631.4% | $40,906 +6% |
| 2016 | $1,140 | $38,592 |
| 2015 | $1,140 +61.9% | $38,592 +0.8% |
| 2014 | $704 | $38,302 +6% |
| 2013 | -- | $36,134 +6% |
| 2012 | -- | $34,089 +6% |
| 2011 | -- | $32,160 -34.9% |
| 2010 | -- | $49,408 |
| 2009 | -- | $49,408 +80.4% |
| 2008 | -- | $27,395 |
Find assessor info on the county website
Neighborhood: East Flatbush
Nearby schools
GreatSchools rating
- 5/10PS 235 Janice Marie Knight SchoolGrades: PK-5Distance: 0.3 mi
- 6/10Middle School of Media Law and Fine Arts (The)Grades: 6-8Distance: 0.8 mi
- 4/10Cultural Academy For The Arts And SciencesGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Ps 235 Janice Marie Knight School
- Middle: Is 211 John Wilson
- High: BROOKLYN COMMUNITY HIGH SCHOOL FOR EXCELLENCE AND
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.
- New York
- Kings County
- New York
- 11203
- Brooklyn
- East Flatbush
- 197 E 40th Street
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