Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
571 40th Street

For Sale · Listing by Corcoran Group

571 40th Street

Sunset Park, Brooklyn

$1,400,000

Interested in this property?
Active For Sale Multi Family

$1,400,000

571 40th Street

Sunset Park, Brooklyn

MLS® #RLS20117133

RLS at REBNY

Listing by Corcoran Group

5
Bedrooms
3
Baths
N/A
Sq. Ft.
1915
Year Built

Quick Summary

Bedrooms 5
Bathrooms 3
Lot Size 1,669 sq ft
Year Built 1915
Ownership None
Property Taxes $73,704/yr
Neighborhood Sunset Park
Floor 1 of 3

Property Highlights

  • Exposure: North facing
  • Character: Pre-war building (1915)

Property Details

Type Multi Family
Ownership None
Total Rooms 12
Baths 3 Full
Floor 1 of 3
Exposure North
Pets Yes
Year Built 1915
Structure Type MultiFamily,Townhouse
Furnished Unfurnished
Lot Size 1,669 sq ft
Parcel # 00913-0043
Block/Lot 00913/0043

Listing History

Event Date Price Change
Listed Sep 24, 2026 $1,400,000 -
Currently Sep 24, 2026 $1,400,000 -

Description

571 40th Street is a classic brick home on one of Sunset Park's prettiest tree-lined blocks just 1 block from the park. A three-family currently configured as a two-family, it offers five bedrooms and three baths across an owner's duplex and a top-floor rental, with flexibility for how a buyer lives now and later: live in the duplex and let the rental help carry the mortgage, or restore the third unit for additional income. The duplex begins on the garden level, where a long living and dining room leads back to an eat-in kitchen with laundry, a full bath, and a mudroom opening to the deep backyard. A paved patio leaves plenty of room to grill and dine outdoors, with planted beds for gardening. On the parlor floor above, 10-foot ceilings and original moldings frame three bedrooms, a walk-in closet, and an original tiled bath. The top floor is a two-bedroom, one-bath apartment with its own kitchen, a living and dining room, and a den that works well as a home office. A full cellar provides abundant storage. Just a block away is the neighborhood's namesake park, one of Brooklyn's highest points, with sweeping views of the harbor, the Statue of Liberty, and the Manhattan skyline, along with an Olympic-size pool, a recreation center, a soccer field, and a spray playground. Beyond the park, Sunset Park is one of Brooklyn's most diverse neighborhoods, with a remarkable range of restaurants and markets along Fifth and Eighth Avenues and Industry City's shops, food hall, and waterfront a short walk west. The D, N, and R trains at 36th Street are minutes away.

Features & Amenities

Interior Features

See Remarks

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 3
Structure MultiFamily,Townhouse

Financial Details

RE Taxes $73,704/yr ($6,142/mo)

Sunset Park features four landmarked historic districts of Italianate, Neo-Grec, and Romanesque Revival brick and brownstone rowhouses climbing the hillside between Fourth and Eighth Avenues in western Brooklyn. The namesake hilltop park offers panoramic Manhattan skyline views and a 1936 neoclassical public pool, while the commercial corridors along Fifth Avenue and Eighth Avenue anchor the neighborhood. The D train at Ninth Avenue, N/R at 36th-45th-53rd Streets provide multiple subway connections to Manhattan.

Sunset Park Live Market Data

View Neighborhood

Active Listings

12

Median Asking Price

$895K

Median $/Sqft

$687

Avg Days on Market

N/A

New This Week

1

Price Reduced

8%

Sold (30 Days)

4

Median Sale Price

$1.64M

Live data from RLS at REBNY • Updated 9/24/26, 11:32 AM EST

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Location

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571 40th Street, Sunset Park, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1915
Year Built
111 years old
2
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $81,840
Land Value: $24,600
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,669 SF
Building Area: 2,064 SF
Built FAR: 1.24
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $73,704, or roughly $6,142 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 3 full bathrooms.

According to MLS records, the building was constructed in 1915, making it approximately 111 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20117133
First Listed: 9/24/2026
On Market: 9/24/2026
Price Changed: 9/24/2026
Contract Date: 8/1/2026

Listing Courtesy of Corcoran Group - Jennifer Wang

Listing Contact: (917) 679-8189

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 9/24/2026 at 3:32 PM UTC

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Sunset Park Market Update

4 sales last 30 days · $895K median · 3 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Multi Family Neighborhood Sunset Park Borough Brooklyn
County Kings
Floor 1 of 3
Year Built 1915
First Listed 9/24/2026
Annual Tax $73,704

Monthly Costs Estimate

Down Payment 20%

$280,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $6,142
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$14,000

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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