235 NW 40 ST, Miami, FL 33127

Parcel: 0131240020160 · Multifamily 2-9 Units · Multifamily 3 Or More Units · Zoning: 0104

Assessed Value (2025)
$351,287

Property Details

Beds
3
Baths
3
Living Sqft
1,612
Year Built
1937
Lot Sqft
5,000
Stories
1
MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS

Sales History

1
$100non-market transfer
2008-05-02
MARIE M CLERVILNOVASTAR MTG INC
2
$20,000
2009-03-13
NOVASTAR MTG INCPABLO ALVAREZ
3
$379,600+1798%
2018-05-11
PABLO ALVAREZGIANLUCA CASTALDO

Tax Assessment History

$351,287
Assessed (2025)
$475,000
Market Value
$351,287
Taxable Value
$7,152
Annual Tax
2024
$319,352
$492,474
2025
$351,287
$475,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $351,287 $475,000 $351,287 $7,152
2024 $319,352 $492,474 $319,352 $6,502

About 235 NW 40 ST, Miami, FL 33127

235 NW 40 ST, Miami, FL 33127 is a 3-bedroom, 3-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1937 with 1,612 square feet of living space on a 5,000 square foot lot. The property is currently owned by GIANLUCA CASTALDO, recorded as of 2026-03-29. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2018-05-11 for $379,600, when PABLO ALVAREZ sold to GIANLUCA CASTALDO. The property has appreciated $359,600 (1798%) since the prior sale of $20,000 on 2009-03-13. There are 3 recorded sales for this property.

The 2025 assessed value is $351,287 with a market value of $475,000. This breaks down to $375,000 for the land and $100,000 for the building. The assessed value increased 10% from $319,352 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $49,685, and the median home value is $657,900.

The population density is 8,510 people per square mile. 235 NW 40 ST, Miami, FL 33127 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2008 to 2018, with 3 recorded transactions in the public record. The current assessed value represents 93% of the most recent sale price. Based on the most recent sale, this property traded at $235 per square foot — a key metric for comparing value across Miami's real estate market..

Current Owner

GIANLUCA CASTALDO
235 NW 40 ST, MIAMI, FL, 33127
Since: 2026-03-29
View owner profile →

Flood Zone

Zone X
Minimal risk

Est. Annual Insurance

$4,615 — $8,528
Flood $400 — $800
Property/Wind $4,215 — $7,728

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$49,685
Median Home Value$657,900
Pop. Density8,510/sq mi

Neighborhood 33127

32.7%
Owner-Occ
67.3%
Investor
303
Flips (4yr)
5,843
New Biz (3yr)
Distress Risk
ELEVATED
44
View full risk analysis →
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