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257 Bay 40th StreetBrooklyn, NY 11214

For Sale

$679,999

Smart Buyer Rebate $4,500

A cozy corner One-Family Home in Prime Location – Excellent Condition & Move-In Ready! Welcome to this beautifully maintained one-family corner property, offering charm, space, and convenience in one of Brooklyn’s most desirable neighborhoods. This spacious home features two floors plus a high-ceiling finished basement with separate front and rear entrances — perfect for additional living space, guest use, or rental potential. First Floor: Two generously sized bedrooms, a full bath, a bright living room, and a well-maintained kitchen. Includes access to the backyard, ideal for entertaining or relaxing. Second Floor: A finished attic space along with a master bedroom, offering privacy and additional versatility. Basement: Fully finished with separate entrances in both the front and back, adding great functionality and potential. This home is in turn-key, move-in condition — no renovations needed! Walking distance to the D train subway station, Steps from the vibrant 86th Street shopping area, Close to parks, schools, restaurants, and all local conveniences Low property tax $4216/ yearly low expenses make this a smart investment opportunity — live in it or rent it out for an excellent return. High rental demand in the area supports strong cap rates! Whether you’re a first-time homebuyer, looking for a multi-generational home, or seeking a high-yield investment property, this is a rare opportunity you don’t want to miss.

Listed by Michelle J. Zhang

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RE/MAX Edge

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718-288-3835

Last updated August 10, 2025

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Source: OneKey #874878

Listing Facts

  • TypeSingle-family
  • NeighborhoodGravesend
  • Bedrooms3
  • Bathrooms1
  • Days on Prevu91
  • Taxes$4,216/year
  • Size1,620 sqft
  • Price per sqft$420

Amenities

  • Washer/Dryer

Location

Mortgage Calculator

Listing History

07/15/2025
Price Decreased
$679,999
06/08/2025
Listed by RE/MAX Edge
$699,999

Estimated Closing Costs

Total
$23,031
Attorney Fees
$4,000
Title Insurance
$3,060
Bank Attorney
$1,500
Mortgage Recording Tax
$10,471
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $679,999 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 257 Bay 40th Street

Exterior

Construction

  • Year Built: 1910
  • Architectural Style: Other
  • Construction Materials: Stucco

Measurements

  • Building Area Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $4,216.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Refrigerator, Washer
  • Flooring: Hardwood, Tile
  • Interior Features: Other

Measurements

  • Living Area: 1,620
  • Living Area Source: Other

Rooms

  • Basement: Finished, Full
  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Rooms Total: 5

Other

Location

  • Tax Block: 6895
  • Tax Lot: 10

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Contact Agent
  • High School District: Contact Agent

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Heating: Natural Gas, Other
  • Sewer: Other
  • Utilities: See Remarks
  • Water Source: Other

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.