Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,175,000

· Closed December 29, 2023

40 Clermont Avenue
Looking for something similar?
Closed For Sale Multi Family

$1,175,000

$699 per sq ft

40 Clermont Avenue

Fort Greene, Brooklyn

MLS® #RLS10924092

RLS at REBNY

Listing by Compass

4

Bedrooms

2

Baths

1,680

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 4
Bathrooms 2
Living Area 1,680 sq ft
Year Built 1910
Ownership None
Property Taxes $2,700/yr
Neighborhood Fort Greene
Floor 1 of 2

Property Highlights

  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Ownership None
Total Rooms 7
Baths 2 Full
Floor 1 of 2
Pets Yes
Year Built 1910
Living Area 1,680 sq ft
Structure Type House
Furnished Unfurnished
Basement Full
Parcel # 02032-0048
Block/Lot 02032/48

Description

Gut rehab needed! Located in the desirable neighborhood of Fort Greene, Brooklyn, lies the opportunity for architects and contractors to showcase their skills. 40 Clermont Avenue is a brick 1,680 sq ft two-family property with great potential. Let your creativity on this home built in 1910 and capitalize on its investment potential. The residential area of 40 Clermont is divided into three levels: garden, parlor, and second level, with an additional cellar. The lot size is 16.67 x 87.42 and is zoned M1-2, with a current Floor Area Ratio (FAR) that permits a total built area of 2,924 square feet. If a community facility is constructed, the FAR doubles to 4.8. Additionally, the property is situated in an investment opportunity zone (OPZ), offering potential investment opportunities Just think about the potential of designing your dream home to match your style or maximizing rental income by having multiple units in this desirable location. The Fort Greene neighborhood is a real gem, providing a lively community with a diverse cultural background. Fort Greene Park is located just a short distance away, allowing you to escape the chaos of city living and enjoy a peaceful retreat. Discover the local stores, trendy restaurants, and art galleries that make Fort Greene a highly sought-after destination for residents and tourists.

Features & Amenities

Interior Features

See Remarks

Building Information

Total Units 2
Stories 2
Structure House

Financial Details

RE Taxes $2,700/yr ($225/mo)
Original Price $1,600,000
Sale Price $1,175,000
Previous Price $1,600,000

Fort Greene is an architecturally striking neighborhood centered around the beautiful Fort Greene Park. Home to the Brooklyn Academy of Music (BAM), the area is a hub for the arts and creative expression. The real estate market is remarkably varied, featuring some of Brooklyn's most impressive historic brownstones, stately cooperatives, and sleek new construction towers that offer sweeping views of the borough and Manhattan.

Fort Greene Live Market Data

View Neighborhood

Active Listings

24

Median Asking Price

$1.72M

Median $/Sqft

$1,250

Avg Days on Market

N/A

New This Week

0

Price Reduced

17%

Sold (30 Days)

4

Median Sale Price

$1.87M

Live data from RLS at REBNY • Updated 3/23/26, 4:25 PM EST

Similar Listings in Fort Greene

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Location

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40 Clermont Avenue, Fort Greene, Kings County

Floor Plans

Floor Plan
Floor Plan
MLS® ID: RLS10924092
First Listed: 10/26/2023
On Market: 10/10/2023
Price Changed: 12/29/2023
Closed: 12/29/2023
Contract Date: 10/10/2023

Listing Courtesy of Compass - Darrell Williams

Listing Contact: (267) 234-4084

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New 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 for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 8:25 PM UTC

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