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
·
RE/MAX Edge
·
718-288-3835
Last updated August 10, 2025
·
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.
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.