Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1227 40TH Street
Interested in this property?

$1,475,000

$765 per sq ft

1227 40TH Street

Borough Park, Brooklyn

MLS® #RLS11010103

RLS at REBNY

Listing by Berkshire Hathaway HomeServices New York Properties

4

Bedrooms

3

Baths

1,928

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms 4
Bathrooms 3
Living Area 1,928 sq ft
Lot Size 1,903.4 sq ft
Year Built 1901
Ownership None
Property Taxes $65,280/yr
Neighborhood Borough Park
Floor 1 of 2

Property Highlights

  • Views: Other
  • Character: Pre-war building (1901)

Property Details

Type Single Family Residence
Ownership None
Total Rooms 6
Baths 3 Full
Floor 1 of 2
View Other
Pets Yes
Year Built 1901
Living Area 1,928 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,903.4 sq ft
Parcel # 05293-0058
Block/Lot 05293/0058

Listing History

Event Date Price Change
Listed Sep 17, 2024 $1,395,000 -
Currently Apr 29, 2026 $1,475,000 +5.7%

Description

Great development opportunity

Lot Size: 20' X 95' Max Usable FAR: 4624 Sq Ft

Call agent for details

Features & Amenities

Interior Features

Smoke Free In Unit

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 2
Structure Townhouse

Financial Details

RE Taxes $65,280/yr ($5,440/mo)
Original Price $1,395,000
Previous Price $1,395,000

Borough Park is a large residential neighborhood in southwestern Brooklyn defined by brownstone and brick rowhouses, multi-family walk-ups, and low-rise co-ops, with an active commercial corridor along 13th Avenue. The D and N trains serve the BMT West End and Sea Beach Lines respectively, while the F and G trains run along McDonald Avenue on the IND Culver Line. Prospect Park lies just northeast of the neighborhood, offering 585 acres of meadows, sports fields, and parkland.

Borough Park Live Market Data

View Neighborhood

Active Listings

3

Median Asking Price

$799K

Median $/Sqft

$785

Avg Days on Market

N/A

New This Week

0

Price Reduced

0%

Sold (30 Days)

0

Median Sale Price

$1.15M

Live data from RLS at REBNY • Updated 4/28/26, 11:04 PM EST

Similar Listings in Borough Park

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Location

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1227 40TH Street, Borough Park, Kings County

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
2
Floors
2
Residential Units
R6
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $85,200
Land Value: $20,700
Exemptions: $0

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

Lot Area: 1,903 SF
Building Area: 1,928 SF
Built FAR: 1.01
Allowed FAR: 2.43

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 annual property tax is $65,280, or roughly $5,440 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms.

The listed interior living area is 1,928 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,475,000 for 1,928 sq ft, the asking price per square foot is approximately $765. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.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: RLS11010103
First Listed: 9/18/2024
On Market: 9/17/2024
Price Changed: 12/19/2024
Contract Date: 9/17/2024

Listing Courtesy of Berkshire Hathaway HomeServices New York Properties - Peter J Gumas

Listing Contact: (917) 601-3685

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 4/29/2026 at 3:04 AM UTC

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