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$1,980,000   Price Analysis
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1940 W 3rd St
Brooklyn, NY 11223
3 bed 4 bath 2,160 SqFt ($916/SqFt)
2,400SqFt lot. Built 1925
Listed 2024-01-25, Taxes $2,631
Ⓧ USDA Ineligible
due to price & location

near Brooklyn

This charming two-family house in Gravesend

Brooklyn, NY 11223 is a true gem! Nestled in a quiet and well-established neighborhood, its prime location offers easy access to transporttion hubs, delightful restaurants and convenient shopping destinations. The property not exudes character but is also a fantastic income-generating opportunity, boasting a remarkable net income of over 50K per year. Step into a home that has been renovated with a touch of European flair, adding a unique and sophisticated charm.

The thoughtful updates make this house not a comfortable residence but also an appealing investment. Whether you're looking for a place to call home or a lucrative addition to your real estate portfolio, this two-family house is sure to exceed expectations. Don't miss out on the chance to own a piece of this vibrant and sought-after community. Schedule a viewing today and discover the perfect blend of style, convenience and income potential in Gravesend, Brooklyn!


Presented by Kevin Lam at
Momentum Real Estate Llc.


Property MLS #479475 from Brooklyn

Bedrooms: 3

Total Rooms: 7
Basement Features: Finished, Full

Total Bathrooms: 4.00
Full Bathrooms: 3
1/2 Bathrooms: 1

Cooling Features: 3
Heating Features: Gas
Water Heaters: Electric, Hot Water Coil in Boiler

Flooring: Hardwood, Tile

Brick
Yard: Back, Side, Fenced - Full

Lot Size Acres: 0.0550964
Lot Size Square Feet: 2400

Dishwasher
Dryer
Laundry Area
Microwave
Refrigerator
Stove
Terrace
Annual Tax Amount: 6281.00
Source Listing Status: Active
County: Kings (Brooklyn)
Cross Street: Avenue S
Source Property Type: Residential
Area: Gravesend
Source Neighborhood: Gravesend
Zoning: R4-1
Property Subtype: Multi-Family
Lot Number: 23
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$36,240 + $14,460
$50,700
$2,631
2021$35,640 + $14,460
$50,100
$2,644
2020$39,360 + $14,460
$53,820
$2,661
2019$42,540 + $14,460
$57,000
$2,555
2018$19,265 + $6,530
$25,795
$5,090
2017$16,265 + $8,099
$24,364
$4,666
2016$14,733 + $8,555
$23,288
$4,345
2015$13,381 + $9,907
$23,288
$4,244
2014$13,378 + $9,312
$22,690
$4,042
2013$11,814 + $9,682
$21,496
$3,826
2012$9,086 + $11,218
$20,304
$3,403
2010$9,127 + $10,280
$19,407
$3,039
2009$8,263 + $11,144
$19,407
$2,995
2007$13,194 + $3,726
$16,920
$2,412

Price Changed 2024-06-17
$1,980,000
Brooklyn
Price Changed 2024-02-23
$2,200,000
Brooklyn
Listed 2024-01-25
$2,400,000
Brooklyn
Listing removed 2021-06-03
$0
Brooklyn
Price Changed 2021-02-04
$1,800,000
Brooklyn
Listed 2020-10-19
$2,100,000
Brooklyn
Listing removed 2016-08-31
$769,000
Brooklyn
Listing removed 2011-07-23
$849,000
Brooklyn
Price Changed 2010-12-16
$849,000
Brooklyn
Listed 2010-07-27
$899,000
Brooklyn
Sold 1985-08-20
$131,000
Public Record

Total Square Feet Living: 2160
Year Built: 1925
Building Area Total: 720
Building Exterior Type: Semi-Detached
Construction Materials: Brick
Foundation Details: Poured Concrete
Property Age: 99
Roof: Flat
Levels or Stories: 2

Electric: Circuit Breakers

Is 228 David A Boody is a public middle school located approximately 0.1 miles away.
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Ps 215 Morris H Weiss is a public elementary school located approximately 0.3 miles away.
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Sts. Simon & Jude Elementary School is a private elementary and middle school located approximately 0.1 miles away.
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Life Academy High School For Film And Music is a public high school located approximately 0.7 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.