Check Availability
$1,350,000
Multifamily - In Contract

197 E 40th Street

East Flatbush, NY 11203
bedrooms
6 Beds
bathrooms
4 Baths
$7,510
Estimated Monthly
$0
HOA / Fees
8.77%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$881
HOA Dues
-
Year Built
2007

Listed By

Last updated: 2 months ago (OneKey MLS #ONE3510072)

Price History

Date / Event Date Event Price
Mar 28, 2024 In contract -
In contract
Oct 11, 2023 Listed by Redfin Real Estate $1,350,000
Listed by Redfin Real Estate
Dec 30, 2008 Sold to Camille Louison, Dave Louison $687,727
Sold to Camille Louison, Dave Louison

Property Highlights

Air Conditioning
Parking Details
Parking Features: Private, Driveway
Interior Details

Bathroom Information

Full Bathrooms: 4

Interior Information

Interior Features: Master Downstairs, First Floor Bedroom, Living Room/Dining Room Combo, Storage, Walk-In Closet(s)
Flooring Type: Hardwood

Room 1

Level: Basement
Type: Finished, Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom

Room 2

Level: First
Type: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom

Room 3

Level: Second
Type: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bedroom, Bathroom

Room 4

Level: Third
Type: Living Room, Dining Room, Kitchen, Bedroom, Bedroom, Bathroom

Room Information

Rooms: 17

Basement Information

Basement: Finished, Walk-Out Access

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
6 Beds
5 Baths
-
$1,200,000 Sep 17, 2021
$1,200,000 Nov 19, 2021
$534/mo
Multifamily
6 Beds
3 Baths
-
$1,124,400 Sep 20, 2021
$1,124,400 Feb 16, 2022
$468/mo
Multifamily
6 Beds
5 Baths
-
$1,030,000 Nov 11, 2021
$1,030,000 Jul 14, 2022
$523/mo
Multifamily
6 Beds
3 Baths
-
$1,040,000 Dec 30, 2022
$1,040,000 Nov 20, 2023
$497/mo
Multifamily
6 Beds
3 Baths
3,394 ft²
$361/ft²
$1,225,000 Jun 7, 2023
$1,225,000 Sep 12, 2023
-
Multifamily
7 Beds
4 Baths
-
$1,175,000 Nov 2, 2022
$1,175,000 Feb 1, 2023
$1,142/mo
Multifamily
6 Beds
3 Baths
-
$1,275,000 Mar 21, 2024
-
$553/mo
Multifamily
6 Beds
3 Baths
-
$1,299,000 Aug 29, 2022
-
$573/mo
Multifamily
6 Beds
4 Baths
-
$1,200,000 Feb 15, 2024
-
$567/mo
Multifamily
6 Beds
3 Baths
-
$1,250,000 Mar 14, 2024
-
$590/mo
Multifamily
6 Beds
3 Baths
-
$1,299,000 Sep 13, 2023
-
$600/mo
Multifamily
6 Beds
2 Baths
-
$1,230,000 Feb 23, 2024
-
$482/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

197 East 40th Street 197 East 40th Street, Brooklyn, NY 11203
  • 3 Units
  • 2 Units for Sale
More about this Building
197 East 40th Street
Want to find out who owns 197 East 40th Street, Brooklyn, NY 11203? Get detailed property transactions here .

About Central Brooklyn


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