--- title: "1240 Bedford Avenue #4B, New York City, NY 11216" description: "1240 Bedford Avenue #4B, New York City, NY 11216 — Bedford-Stuyvesant, New York City, NY. Listing Price $699,000. 2 bed, 1 bath, 850 sqft Illustrative Buyer Commission Share of $10,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1240-bedford-avenue-4b-ny-11216" source: "Real Estate Rebate Team" dateModified: "2026-09-01T00:19:56.807Z" status: "Active" --- # 1240 Bedford Avenue #4B, New York City, NY 11216 Bedford-Stuyvesant, New York City, NY Courtesy of Corcoran Group Last updated: August 31, 2026, 8:19 PM ## At a Glance - **Listing Price**: $699,000 - **Beds**: 2 - **Baths**: 1 - **Sqft**: 850 - **Common Charges**: $869 / mo - **Monthly Taxes**: $42 / mo - **Price per Sqft**: $822 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $699,000 - **Illustrative Buyer Commission Share**: -$10,485* - **Illustrative Net Cost**: $688,515 *Illustrative Buyer Savings of $10,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/54a47a51-0aeb-4fc3-9f69-28019b94d17d.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a39646a7-2018-4a0c-affb-7d725ed9547b.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0f8777c5-1f86-4560-91ef-e76dcf260990.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/619559a1-6c3e-4025-a80c-94698fa68188.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c66a3a8c-e974-4778-936d-c229d573aa9b.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5e6b2c9b-3ebb-4e65-98ac-ff3efa0db413.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9d48013e-257b-444e-b7bf-6b252b7a5d4d.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/96881876-bf55-4ddd-adab-cda1b1e67c65.jpg) ![1240 Bedford Avenue #4B, New York City, NY 11216 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0c095ee7-7ce7-4c57-8907-55ca0cd005a4.jpg) ## Property Overview Residence 4B at 1240 Bedford Avenue is a refined two-bedroom, one-bathroom condo in the heart of prime Bed-Stuy and one of only two units in the building with a rare parking space. The updated kitchen is sharp and well-appointed, with refreshed cabinetry opening into a bright, open living and dining area - comfortably sized for a full seating arrangement alongside a small dining table. A Juliet balcony and windows throughout keep the space airy and light-filled. The primary bedroom is scaled for a king, is back facing with southern light and carries a calm, settled quality ensuring a tranquil retreat at night. The second bedroom is also spacious offering room for king sized furniture. Ample storage can be found throughout the home. A tax abatement in place through 2030 meaningfully reduces carrying costs. The building facade and shared courtyard are currently being refreshed, with completion anticipated this April - an investment that will further elevate the building's presence and common spaces. Residents enjoy excellent amenities including laundry facilities, bike racks, a landscaped common courtyard, elevator access, and pet-friendly living. The recently renovated lobby is equipped with a video intercom and security system. One block from the A and C at Nostrand Avenue, with the S and G nearby. Franklin Avenue and Fulton Street are moments away: destination dining, cocktail bars, neighborhood cafés, gyms, grocers, and green space, all within a short distance. A conveniently located home that balances form and function, equipped with parking in one of the borough's most energized neighborhoods. Some photos are virtually staged. ## Property Details - **Property Type**: Condominium - **Beds**: 2 - **Baths**: 1 - **Rooms**: 4 - **Sqft**: 850 sqft - **Stories**: 5 - **Year Built**: 2003 - **Price per Sqft**: $822 - **Common Charges**: $869 / Monthly - **Monthly Taxes**: $42 / mo - **Listed On**: Jun 2, 2026 - **Days on Market**: 104 Days ### Residence Features - Common On Floor - Common Area - Assigned - Garage - Private Outdoor Space Under 60 Sqft ### Building Amenities - Assigned - Garage ## Sales Evidence ### Recent closed sales 5 apartments at 1240 BEDFORD Avenue have recorded sales since September 2021, the most recent for $655,000 in May 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 3H (Apartment) | 2 | 850 | $655,000 | $771/ft² | May 19, 2026 | City record · MLS | | 1D (Apartment) | 2 | 850 | $650,000 | $765/ft² | March 26, 2026 | City record · MLS | | 1H (Apartment) | 1 | 600 | $487,500 | $813/ft² | October 30, 2025 | City record | | 1G (Apartment) | 2 | 850 | $635,000 | $747/ft² | April 16, 2024 | City record · MLS | | 5A (Apartment) | 2 | 850 | $600,000 | $706/ft² | November 17, 2022 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable two-bedroom sales at 1240 BEDFORD Avenue is $642,500, based on 4 sales between November 2022 and May 2026. This home is asking $699,000, $56,500 above that median. The middle half of those sales closed between $626,250 and $651,250. - **Median closed price**: $642,500 - **Middle half**: $626,250 – $651,250 - **Based on**: 4 two-bedroom sales at 1240 BEDFORD Avenue - **Period**: November 2022 – May 2026 - **Median $/ft²**: $756/ft² Across the 3 of these sales with a published asking price, the median closed at 97.8% of what it originally asked. 67% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 97.8% of the original ask - **Closed below ask**: 67% of 3 sales - **Listed → in contract**: 22 days (about 3 weeks) - **In contract → closed**: 60 days (about 9 weeks) Across the 3 of these sales with a published asking price, the median closed at 97.8% of what it originally asked. 67% of them closed below the original ask. Half of these homes were in contract within 22 days (about 3 weeks) of coming to market, based on the 3 with a recorded listing date. Once a deal was agreed, closing took a further 60 days (about 9 weeks), based on the 3 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 4 two-bedroom sales at 1240 BEDFORD Avenue, November 2022 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median price per square foot for sales at 1240 BEDFORD Avenue, 2016 to 2019. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year. | Year | Median $/ft² | Sales | | --- | --- | --- | | 2016 | $715/ft² | 4 (thin) | | 2017 | $563/ft² | 3 (thin) | | 2019 | $757/ft² | 5 | Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 1240 BEDFORD Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1240-bedford-avenue) ## About The Building ### 1240 BEDFORD Avenue 1240 BEDFORD Avenue, Brooklyn, NY 11216 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 2003 - **Total Units**: 2 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1240-bedford-avenue) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1240-bedford-avenue-4b-ny-11216) | 2 | 1 | 850 sqft | $822 | $699,000 | Corcoran Group | Jun 2, 2026 | 104 days | | [1F](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11216/1240-bedford-avenue-1f-ny-11216) | 2 | 1 | 850 sqft | $788 | $670,000 (-4.1%) | Brown Harris Stevens Residential Sales LLC | Jun 26, 2026 | 80 days | ## Estimated Monthly Payment **$4,446 / month**, assuming a 20% down payment ($139,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,535 - **Property Taxes**: $42 - **Common Charges**: $869 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Bedford-Stuyvesant Explore more real estate and insights about Bedford-Stuyvesant. [Explore Bedford-Stuyvesant](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Related Links - [1240 BEDFORD Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1240-bedford-avenue) - [Bedford-Stuyvesant neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bedford-stuyvesant) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.