Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 Greene Avenue
Interested in this property?
Active For Sale Mixed Use

$3,000,000

40 Greene Avenue

Fort Greene, Brooklyn

MLS® #RLS20080782

RLS at REBNY

Listing by Anthony T Crews Real Estate LLC

Studio

2

Baths

N/A

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 2
Lot Size 4,167 sq ft
Year Built 1900
Ownership None
Property Taxes $15,588/yr
Neighborhood Fort Greene

Property Highlights

  • Character: Pre-war building (1900)

Property Details

Type Mixed Use
Ownership None
Total Rooms 2
Baths 2 Full
Heating None
Cooling None
Pets Yes
Cross Street ADELPHI
Year Built 1900
Structure Type None
Furnished Unfurnished
Lot Size 4,167 sq ft
Parcel # 01957-0028
Block/Lot 01957/0028

Listing History

Event Date Price Change
Listed Apr 1, 2026 $3,000,000 -
Currently May 7, 2026 $3,000,000 -

Description

A rare opportunity to acquire a two-property legacy portfolio in Fort Greene and Stuyvesant Heights tied to the life and work of Dr. Josephine English, a pioneering physician and community figure in Brooklyn. NOW AVAILABLE AS A PACKAGE OR SINGLE PROPERTY PURCHASE!!!

375 Stuyvesant Avenue is a large-scale historic estate situated on an approximately 10,000 square foot lot with an existing structure of approximately 12,536 square feet. Located within the Stuyvesant Heights Historic District, the property offers scale, architectural presence, and potential unused floor area ratio, subject to Landmarks Preservation Commission approval. This asset is well suited for luxury residential conversion, institutional use, or long-term landmark-sensitive redevelopment.

40 Greene Avenue, an individually designated New York City landmark, is a substantial structure currently in decaying condition and requiring full restoration to achieve functional use. The property is fully built under current zoning and presents a compelling opportunity for experienced investors to reposition a historically significant asset through adaptive reuse and thoughtful redevelopment.

Both properties will be delivered vacant and sold in as-is condition, subject to any existing violations.

Offered at $8,250,000, with pricing allocated as $5,250,000 for 375 Stuyvesant Avenue and $3,000,000 for 40 Greene Avenue.

This exclusive offering is presented and shown by T Real Estate and is intended for qualified buyers with experience in landmark properties and New York City development.





Features & Amenities

Interior Features

Building None None

Financial Details

RE Taxes $15,588/yr ($1,299/mo)

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

31

Median Asking Price

$1.40M

Median $/Sqft

$1,144

Avg Days on Market

N/A

New This Week

2

Price Reduced

16%

Sold (30 Days)

9

Median Sale Price

$1.80M

Live data from RLS at REBNY • Updated 5/7/26, 7:44 AM EST

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Location

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40 Greene Avenue, Fort Greene, Kings County • Near ADELPHI

Building Information

Official NYC property records for this building

1864
Year Built
162 years old
3
Floors
R6B
Zoning District
NYC Landmark

Tax & Assessment

Assessed Value: $157,950
Land Value: $75,150
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 4,167 SF
Building Area: 12,500 SF
Built FAR: 3
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $15,588, or roughly $1,299 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20080782
First Listed: 4/1/2026
On Market: 4/1/2026
Price Changed: 4/1/2026
Contract Date: 4/1/2026

Listing Courtesy of Anthony T Crews Real Estate LLC - Anthony T Crews

Listing Contact: (917) 702-1951

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 5/7/2026 at 11:44 AM UTC

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