516 East 40th Street

516 East 40th Street in Brooklyn, NY was first built in 1920 and is 104 years old. There are a total of 2 floors. The linear feet across the front of the lot is 20 ft and the linear feet between the front and back of the lot is 100.

Learn more about the property and building on this page. The total value of the property was assessed at $37,200. Specifically, the land the property is located on was valued at $12,420. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.