--- title: "406 MIDWOOD Street #PHA, New York City, NY 11225" description: "406 MIDWOOD Street #PHA, New York City, NY 11225 — Wingate, New York City, NY. Listing Price $580,000. In contract 5/16/2024. 1 bed, 1 bath, 590 sqft Illustrative Buyer Commission Share of $8,700 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11225/406-midwood-street-pha-ny-11225" source: "Real Estate Rebate Team" dateModified: "2026-08-24T19:13:15.000Z" status: "Pending" --- # 406 MIDWOOD Street #PHA, New York City, NY 11225 Wingate, New York City, NY **New Development · Sponsor Residence** Courtesy of Douglas Elliman Real Estate Last updated: August 24, 2026, 3:13 PM ## At a Glance - **Listing Price**: $580,000 - **Status**: In contract 5/16/2024 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Sqft**: 590 - **Common Charges**: $304 / mo - **Price per Sqft**: $983 - **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**: $580,000 - **Illustrative Buyer Commission Share**: -$8,700* - **Illustrative Net Cost**: $571,300 *Illustrative Buyer Savings of $8,700 — 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 (10) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7a4abffb-3056-4db5-b8b9-caa60919c537.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/baa9626a-e2d7-41a5-89b0-6ebbe1654a61.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1121ce14-272d-42ab-bc6b-bd23b4ae6da1.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a2a60d70-165a-4bb7-a8fe-ec37662c1d34.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/65d8a075-7e7a-4214-bfa8-567ab4ded3e2.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8f4c2cc1-3d87-41c8-9b13-d494ae8967f0.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/698c6945-36c8-4613-907b-0593cabfa234.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6b59ba34-b885-4e8a-a48c-1bd28a7363d0.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b6f15612-08e9-4c9a-911d-65eeceddc4af.jpg) ![406 MIDWOOD Street #PHA, New York City, NY 11225 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a845f6ee-8927-4246-a710-49b540629152.jpg) ## Property Overview NOW READY FOR IMMEDIATE OCCUPANCY. Introducing PHA at 406 Midwood Street - An absolutely perfect 1-bed, 1-bath penthouse with a private balcony in a stunning new development! Enter through the foyer into a bright and airy whitewashed space with high ceilings and wide-plank oak floors. The luminous living room has sliding wood and glass doors leading out to your private terrace. Back inside, the fully outfitted kitchen features stunning black cabinetry and matte black appliances, as well as polished Carrera white and gray marble backsplashes and white countertops. The bedroom is generously-sized and has a large closet, while the full bathroom features beautiful black & white Carrera marble walls and a glass-enclosed bathtub & rainfall shower. Central air, integrated LED lighting under cabinets and in-unit washer & dryer complete the standout features of this residence! Complete offering terms are in an offering plan available from the sponsor, file no. CD22-0197.For a limited time, get $16,069 credit at closing which includes two years' worth of common charges and coverage of city and state transfer taxes. 406 Midwood is a striking new development in the heart of Prospect Lefferts Gardens, inspired by the Art Deco movement. The building offers 10 distinguished residences with most units offering private outdoor spaces, as well as a beautiful courtyard and roof deck. Perfectly situated in PLG, residents are just a few blocks away from Prospect Park as well as the 2/5/B/Q/S subway lines and several bus routes. Cherished local markets (including Flatbush Coop), independent cafes and restaurants dot the quiet residential streets. There are multiple parks, hospitals, public and private schools as well as houses of worship, with something for everyone in this vibrant neighborhood. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 590 sqft - **Stories**: 4 - **Year Built**: 2023 - **Price per Sqft**: $983 - **Common Charges**: $304 / Monthly - **Listed On**: Apr 25, 2024 - **Days on Market**: 872 Days ### Residence Features - Central Air - Building Other - In Unit - Balcony - Building Roof Deck - Private Outdoor Space Under 60 Sqft - Dining Area - High Ceilings - Smoke Free - Dishwasher - City ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Sales Evidence ### Recent closed sales 16 apartments at 406 Midwood Street have recorded sales since September 2021, the most recent for $1,067,500 in May 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 1B (Apartment) | 3 | 1,237 | $1,067,500 | $863/ft² | May 1, 2026 | City record | | 4A (Apartment) | — | 590 | $590,585 | $1,001/ft² | November 13, 2025 | City record | | PH (Apartment) | 2 | 862 | $840,000 | $974/ft² | November 4, 2025 | MLS | | 4C (Apartment) | — | 862 | $837,002 | $971/ft² | November 4, 2025 | City record | | 1A (Apartment) | — | 1,282 | $985,000 | $768/ft² | July 17, 2025 | City record | | 2-A (Apartment) | 2 | 907 | $840,000 | $926/ft² | April 24, 2025 | City record · MLS | | 3-B (Apartment) | 1 | 625 | $575,000 | $920/ft² | April 10, 2025 | City record · MLS | | 3C (Apartment) | 2 | 638 | $615,000 | $964/ft² | December 13, 2024 | City record · MLS | | 2B (Apartment) | 2 | 992 | $850,000 | $857/ft² | December 12, 2024 | City record · MLS | | 3A (Apartment) | 1 | 590 | $555,019 | $941/ft² | November 13, 2024 | City record · MLS | | 4B (Duplex) | 2 | 839 | $820,000 | $977/ft² | May 24, 2024 | MLS | | 1 (Apartment) | 2 | 1,474 | $1,155,714 | $784/ft² | March 7, 2024 | City record · MLS | | 2 (Apartment) | 2 | 937 | $750,000 | $800/ft² | December 29, 2023 | City record · MLS | | PH-B (Apartment) | 2 | 826 | $750,000 | $908/ft² | November 9, 2023 | MLS | | 3-B (Apartment) | 1 | 532 | $500,000 | $940/ft² | September 29, 2023 | MLS | | 4B (Apartment) | 2 | 821 | $834,965 | $1,017/ft² | May 23, 2023 | 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. 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 406 Midwood Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-midwood-street) ## Price and Property History for 406 MIDWOOD Street, Unit PHA Review the recorded listing activity for 406 MIDWOOD Street, Unit PHA, including asking-price changes and prior market dates. - **Latest price change**: Increased by $45,000, or 8.4%, on May 17, 2024 - **Originally listed**: April 25, 2024 at $535,000 | Date | Price | Listing event | | --- | --- | --- | | May 17, 2024 | $580,000 | Asking price increased by $45,000, or 8.4% | | May 16, 2024 | $580,000 | Entered contract | | April 25, 2024 | $535,000 | Listed for sale by Douglas Elliman Real Estate | ## About The Building ### 406 Midwood Street 406 Midwood Street, Brooklyn, NY 11225 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 2023 - **Total Units**: 2 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-midwood-street) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [PHA](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11225/406-midwood-street-pha-ny-11225) | 1 | 1 | 590 sqft | $983 | $580,000 (+8.4%) — In contract | Douglas Elliman Real Estate | Apr 25, 2024 | 872 days | | [1-B](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11225/406-midwood-street-1b-ny-11225) | 3 | 3 | 1,252 sqft | $875 | $1,095,000 — In contract | REAVIS DEVELOPMENT MARKETING LLC | Sep 10, 2025 | 369 days | ## Estimated Monthly Payment **$3,237 / month**, assuming a 20% down payment ($116,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,933 - **Common Charges**: $304 Estimates only. Actual payments may vary. Confirm terms with your lender. ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## East Flatbush Overview of East Flatbush [Explore East Flatbush](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Wingate - [Flatbush real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatbush) - [Flatlands real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/flatlands) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights) - [Canarsie real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/canarsie) ## Related Links - [406 Midwood Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-midwood-street) - [East Flatbush neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-flatbush) - [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.