#880874, Listing office: Christies Int. Real Estate
#RLS20037722·
Listing office: Serhant·
Listing agent: Curtis Quow·
Listing agent phone: (347) 385-1105·
Listing office phone: 646-480-7665
$3,000,000 List price
620 E 40th St New York City, NY 11203
6 beds
4 full
1,927 sqft
$1,557 / sqft
Multi-Family
Property details
About 620 E 40th St
<p> Prime Development Opportunity in East Flatbush, Brooklyn - 80" x 100" Lot with Endless Potential! Introducing 620 East 40th Street, a rare and expansive 8,000 sq ft lot located in the dynamic and well-connected neighborhood of East Flatbush. </p> <p> This oversized parcel offers exceptional potential for developers and investors looking to capitalize on Brooklyn's continued growth. The property currently includes a large structure with 6 bedrooms, 4 bathrooms, a two-car garage, and a detached shed-delivering strong rental potential in its existing condition. With a double-wide 80-foot frontage and R4 zoning, this site is primed for transformative redevelopment. Key Development Highlights: As-of-right option: Build four 3-unit residences (approx. 2,000 sq ft each), totaling 12 residential units-well-suited for market-rate or affordable housing models. Community Facility Bonus: Pair residential development with a qualifying community use to push FAR to 1.4 (11,200 sq ft), eliminate parking requirements, and reach a max height of 35 feet (or 45 feet with AIRS). </p> <p> Take advantage of new zoning allowances under R4 that promote housing flexibility and density in growth zones like East Flatbush. Proximity to public transit, healthcare centers, and essential amenities enhances this site's long-term value and community impact. Whether your goal is a multi-unit investment portfolio, a boutique condo project, or a socially driven housing initiative, 620 East 40th Street offers a one-of-a-kind canvas in a high-demand Brooklyn corridor. </p>
Highlights
Home typeMulti Family
StatusActive
CoolingCentral Air
Size1,927 sqft
Year built1920
ParkingAssigned, Garage
MLS #RLS20037722
Garage2 spaces
ViewOther
Summary
- Full Bathrooms: 4
- Basement: No
- Interior: Smoke Free
- Total Bedroom Count: 6
- Garage Space: 2 spaces
- Parking: Assigned, Garage
- View: Other
- Exterior: Private Outdoor Space Over 60 Sqft
- Cooling: Central Air
- List Price: $3,000,000
- Price/SqFt: $1,556
- Year Built: 1920
- Living Area: 1,927 SqFt
- MLS Number: RLS20037722
- MLS Name: RLS
- Office Name: Serhant
- Office Phone: (646) 480-7665
- Listing Agent: Curtis Quow
- Agent Phone: (347) 385-1105
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumers' consideration of the purchase and/or sale of an individual property.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/20/2025, 3:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
5
P.S. 198 Brooklyn
Public Magnet PK-5
0.2 mi
•4105 Farragut Rd
7
P.S. 208 Elsa Ebeling School
Public District PK-5
0.5 mi
•4801 Avenue D
3
P.S. 361 East Flatbush Early Childhood School
Public District KG-2
0.5 mi
•1957 Nostrand Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $81,967. Typical income of New York City, NY residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
27%
<35k
39%
35k-100k
25%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
19%
Single, with Kids
27%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Major League Soccer (MLS)- Tennis
Where do the neighbors shop?
Nordstrom Rack
Banana Republic
Crate & Barrel
Where do the neighbors go to eat?
The Cheesecake Factory
Jack In The Box
Starbucks
What do the neighbors drive?
Volvo
Toyota
BMW
What do the neighbors listen to?
News
Jazz
Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 620 E 40th St
The listing price of 620 E 40th St property is $3,000,000.
The property 620 E 40th St is a multi located in New York City, New York, 11203.
Active Listing: 620 E 40th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 620 E 40th St are: P.S. 198 Brooklyn (GreatSchools Rating 5/10), P.S. 208 Elsa Ebeling School (GreatSchools Rating 7/10), P.S. 361 East Flatbush Early Childhood School (GreatSchools Rating 3/10), P.S. 109 Brooklyn (GreatSchools Rating 4/10), Central Brooklyn Ascend Charter School (GreatSchools Rating 8/10), P.S. 181 Brooklyn (GreatSchools Rating 5/10), Midwood High School (GreatSchools Rating 7/10), Kurt Hahn Expeditionary Learning School (GreatSchools Rating 1/10), Cultural Academy for the Arts and Sciences (GreatSchools Rating 3/10).
The property 620 E 40th St is 1,927 SqFt (source: MLS/tax record).
The year of construction for 620 E 40th St is 1920.
This home is located at 620 E 40th St in New York City, NY and zip code 11203 in the Farragut neighborhood. This 1,927 square foot home was built in 1920. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 18, 2025 and is currently priced at $3,000,000.
In June 2025 more than 232 listings in New York City, NY were sold above the asking price. During the same period more than 1007 listings were sold at asking price, while more than 715 were sold below. Between May and June 2025, New York City, NY real estate market has seen decrease in the number of listings by 4.3%. The median list price of listings available in June 2025 was $881,252, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.