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$899,999 Just Listed
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Property Description
Vacant mixed-use investment and potential development opportunity on the Broadway corridor in Brooklyn, surrounded by active neighborhood retail, residential uses, and convenient transit access. Property is being sold strictly as-is, including condition and any existing DOB/ECB violations. Public information indicates C4-4L zoning on an approximately 2,614 SF lot. Preliminary FAR-based estimate suggests approx. 10,456 buildable SF at 4.0 FAR, with possible upside to approx. 12,024 SF if an affordable housing / Inclusionary Housing bonus floor area were available and approved. All figures are preliminary estimates for marketing purposes only and have not been confirmed by an architect, zoning consultant, or expeditor. Buyer must independently verify all zoning, FAR, buildable SF, use, occupancy, violations, and development potential.
Full Property Details
Full Property Details for 1040 Broadway
General
- Price: $899,999
- Taxes: $4,869
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 996620
- Updated: 5/18/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Other
Exterior
- Exterior Features: None
Parking
- Parking Features: None
Location
- County: Kings (Brooklyn)
- Cross Streets: Hart Street
- Driving Directions: Take the J/M/Z train to Myrtle Av Station in Brooklyn. From the station, exit onto Broadway and Myrtle Avenue, then walk southeast on Broadway for about 4 minutes. 1040 Broadway will be on/near Broadway by Willoughby Avenue.
School Information
- High School District: Contact Agent
- Elementary School: Contact Agent
- Middle School: Call Listing Agent
- High School: Contact Agent
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: None
Structural Information
- Detached/Attached: Attached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Bilco Door(s)
- Building Size: 2973
- Square Feet: 2,973
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0227
- Lot Size (Sq. Ft.): 987
Financial Considerations
- Tax Amount: $4,869.08
Disclosures and Reports
- Special Conditions: Probate Listing
- Property ID: 01593-0036
- Block: 1593
- Lot Number: 36
Listed by Keller Williams Realty NYC Grp
Get Pre-Approved Today
Schools
Schools serving 1040 Broadway
School District:New York City Geographic School District 16
| Name | Grades | Distance |
|---|---|---|
Ps 81 Thaddeus Stevens 990 Dekalb Avenue, Brooklyn, NY 11221 | K-6 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1040 Broadway
Date
Details
Price
Change
Source
5/18/2026
Listed
$899,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1040 Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,989
—
$70,860
185%
2025
$4,989
6%
$24,841
-68%
2024
$4,708
5%
$77,520
2%
2023
$4,468
3%
$75,720
13%
2022
$4,331
-49%
$67,020
10%
2021
$8,449
107%
$61,140
16%
2020
$4,086
—
$52,620
15%
2019
$4,085
14%
$45,780
132%
2017
$3,571
—
$19,704
4%
2017
$3,571
9%
$18,987
6%
2016
$3,271
7%
$17,914
4%
2015
$3,064
315%
$17,251
—
2014
$738
-71%
$17,251
5%
2013
$2,588
—
$16,420
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1040 Broadway
1040 Broadway, Brooklyn, NY 11221 (MLS# 996620) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1040 Broadway is currently listed for $899,999 and was received on May 18, 2026. Want to learn more about 1040 Broadway? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

