See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

59 Bay 40th St, Brooklyn, NY, 11214

3beds
1baths
1,116sqft
$1,090,000
$977price/sqft
$6,624/moest. monthly cost
$264,960/yrincome needed

About This Home

Rare-Find Single-Family Home with 3 Parking Spaces! Located in one of the area's most desirable neighborhoods, this well-maintained brick home features a spacious living room, dining room, and updated eat-in kitchen on the first floor, with 3 bedrooms and a full bath on the second floor. The full finished basement offers additional space, a full bathroom, and separate entrance. Recent upgrades include a renovated kitchen, newer gas boiler, and water heater. Enjoy 3 parking spaces via the wide community driveway, including 2 spaces in the rear yard and 1 additional space outside. Building size 18'×31' on an 18'×97' lot. Conveniently located near shopping, schools, restaurants, and transportation. Won't Last!

Getting Around

93
WalkingWalker's Paradise
0
TransitVery Limited Transit
69
BikeBikeable

Schools

8/10
Ps 212 Lady Deborah MoodyGrades PK-50.6 mi
9/10

Construction

Condition

  • Year built: 1950

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 1,116
  • Total interior livable area: 1,116 sqft

Property

Details

  • Special condition: Resale

Parking

  • Parking features: Garage
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $5,511$66,132
Home Insurance *$359$4,308
Property Taxes $508$6,096
Electricity $246$2,954
Total$6,624$79,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$227,108/yr
40% on housing$198,720/yr
45% on housing$176,640/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$977This listing

vs Other Active Listings

Avg $/sqft

ZIP 11214$623
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11214$568
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-04Price change$1,080,000
2026-06-11Listed for sale$1,090,000

For Sale by Agent

AgentJason Zhou
BrokerageRemax Edge

Similar Homes