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for saleRealtyLens property overview
$899,900
1240 E 48th St
Brooklyn, NY, 11234
View more Brooklyn, NY property pages6Beds
2Baths
2,400Sqft
$375$/sqft
Listing Notes
Fully detached two-family residence offering approximately 2,400 sq. ft. of living space, located in the desirable Flatlands neighborhood. Property features a finished basement, private driveway, one-car garage, and backyard and private backyard, ideal for owner-occupants or investors. Property being sold as is with occupants. External viewing only.
Market Insights
Below nearby median-24%
$375/sqft vs a nearby median of $490/sqft.
Nearby median$490/sqft
Nearby properties12
Property size2,400 sqft
- -24% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,400 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.05M$960k – $1.15M · 50% confidence
vs ask $900k−$155k (−17.2%)
Asking price is about 17.2% below the fair value — likely to draw competing offers if it's still on market.
$473/sqft median across 10 tight comps × 2,400 sqft= $1.13M
- Transit access−$34k −3.0%
- Days-on-market gravity−$34k −3.0%
- Pre-war character+$28k +2.5%
- Visible condition issues−$23k −2.0%
- Sparse street life−$17k −1.5%
Cumulative NYC adjustments−$79k−7.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 145 days
- Last price change
- No change recorded
- Listed
- Dec 18, 2025
- Photos
- 8 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Oct 31, 1984 · $145,000
- Garage
- 1 space
Features & Amenities
CarportGarage 1 Or MoreBasementPrivate Backyard
Photos
Building Facts
- Year built
- 1935
- Stories
- 2
- Total units
- 2
- Residential units
- 2
- Building area
- 2,400 sqft
- Lot size
- 2,500 sqft
- Land use
- One and two family buildings
- Building class
- B2
From NYC public records where available.
Price History
May 4, 2026Initial record
$899,900for sale
Public Records
DOB violations0 open
0 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents34
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)30,595
Top: illegal parking
Top complaint types in ZIP 11234
- Illegal Parking6,515
- Blocked Driveway2,777
- Noise - Residential2,275
- Abandoned Vehicle2,045
- Water System1,098
Recent Transfers (ACRIS)
- Jul 18, 2024DEED$952,143.29
- Nov 28, 2023DEED, LE
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.