Fact-checked and verified on July 7, 2026
If you own a house in Brooklyn, NY and you are dealing with inherited property, this page covers what actually happens next — the local timeline, what it costs, and the options that stay open to you. Everything below is specific to Brooklyn and how sales are handled in NY, not generic national advice.
As of July 19, 2024, New York allows Transfer on Death (TOD) deeds to bypass probate, but this must be set up before the owner dies.
Source: https://nysba.org/new-york-now-allows-transfer-on-death-deeds-but-should-you-use-them/
The Small Estate threshold in NY is $50,000, but it cannot be used for estates containing solely owned real property.
Source: https://www.nycourts.gov/courthelp/WhenSomeoneDies/smallEstate.shtml
The New York State estate tax exemption is $6.94 million for 2024 and $7.16 million for 2025.
Source: https://www.tax.ny.gov/pit/estate/etidx.htm
Kings County Surrogate's Court is located at 2 Johnson Street in Brooklyn and oversees all local probate matters.
Source: http://ww2.nycourts.gov/courts/2jd/surrogates/index.shtml
Heirs receive a 'stepped-up basis' on inherited property, meaning capital gains tax is based on the value at the date of death, not the original purchase price.
Source: https://www.irs.gov/taxtopics/tc703
New York State CourtHelp: Small Estates
https://www.nycourts.gov/courthelp/WhenSomeoneDies/smallEstate.shtml
NYSBA: New York Now Allows Transfer on Death Deeds
https://nysba.org/new-york-now-allows-transfer-on-death-deeds-but-should-you-use-them/
NY Department of Taxation: Estate Tax Information
https://www.tax.ny.gov/pit/estate/etidx.htm
Kings County Surrogate's Court Official Site
http://ww2.nycourts.gov/courts/2jd/surrogates/index.shtml
No repairs. Close in as little as 7 days.
No repairs. Close in as little as 7 days.
Disclaimer: The information on this page is provided for general informational purposes only and does not constitute legal, financial, or tax advice. Laws, timelines, and market conditions vary by state and change over time. Always consult a licensed attorney, financial advisor, or tax professional about your specific situation before making any decisions. Any cash offer is subject to a property evaluation, and closing timelines depend on title, occupancy, and other factors. Results described on this site are not a guarantee of any particular outcome. Black Girls Buy Houses LLC is a real estate investment company that purchases properties directly; we are not licensed real estate agents or brokers and do not provide brokerage services. We are committed to the letter and spirit of the Fair Housing Act and conduct business in accordance with all federal, state, and local fair housing laws.
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