1227 40TH Street, New York City, NY 11218
Listing Courtesy of Berkshire Hathaway HomeServices New York Properties
$1,475,000
Potential Rebate: $22,125
Overview
<p>Great development opportunity </p> <p>Lot Size: 20' X 95' Max Usable FAR: 4624 Sq Ft</p> <p>Call agent for details</p>
Home Features
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$12,729 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$22,125
Monthly savings impact
$61/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
392 East 7TH Street, New York City, NY 11218
Listing Courtesy of ISLAND ADVANTAGE REALTY LLC
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2.5%
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Berkshire Hathaway HomeServices New York Properties
Data Source: TRESTLE #RLS11010103
Price Analysis
Compare average listing prices and value metrics for 1227 40TH Street against the surrounding Borough Park market.
Average List Price
Price Per SqFt
50.64% Lower
than the Borough Park price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Borough Park
Overview of Borough Park
Borough Park (also spelled Boro Park) is a city within a city. It is home to one of the largest Orthodox Jewish communities outside of Israel. For buyers seeking Borough Park Brooklyn real estate, it offers a deeply traditional, religious community lifestyle that operates on its own rhythm.
Living in Borough Park is unique. On Friday afternoons, the streets empty out for Shabbat. On Jewish holidays, the neighborhood transforms. As a Brooklyn NYC neighborhood, it is exceptionally safe and family-centric.
Real Estate & Housing Market
The market for homes for sale in Borough Park is competitive and expensive. Large multi-family brick homes are the norm to accommodate large families.
Real estate here is often traded within the community, but inventory does hit the open market.
Lifestyle & Community
The lifestyle in Borough Park is devout. 13th Avenue is a bustling shopping strip with kosher bakeries, Judaica stores, and modest fashion boutiques.
The community is incredibly tight-knit, with its own ambulance service (Hatzolah) and community patrol (Shomrim).
Transportation & Accessibility
Borough Park is served by the D train (express) and the F train on the edges. The B11 and B35 buses cross the neighborhood east-west.
Parks, Schools & Amenities
Gravesend Park (which is actually in Borough Park) is a major playground. Schools are almost exclusively private yeshivas.
Amenities: Kosher food lovers will find some of the best delis and bakeries in the world here.
Who This Neighborhood Is Best For
Borough Park is best for Orthodox families and those who respect a deeply religious, traditional lifestyle.
