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754 40th Street

Sunset Park, NY 11232

16 beds
8 baths
– sqft
2,504 sqft lot
2009 build
– on site

Introducing a prime investment opportunity in the heart of Sunset Park - an impressive 8-family brick house spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. The first floor and basement are thoughtfully configured as two duplex units, each boasting 2 bedrooms, 1 bathroom, a spacious living room, a well-equipped kitchen, and a dedicated dining area. Remarkably, the basement stands out with its high 8.5-foot ceilings, providing an expansive and comfortable living space. Adding to the allure, the 4 units on the 3rd and 4th floors feature charming balconies, offering residents a private outdoor retreat. The roof is fenced for security and privacy, enhancing the overall appeal of the property. The building is equipped with 8 boilers, 8 water heaters, 8 gas meters, and 9 electric meters ensuring efficient and individualized control for each unit. Building size 25*60 over Lot 25*100. Annual property tax of $14,465. Total annual income is $210,912 and total expenses are $26,500. Net income $184,412. This property is positioned near 8th avenue Chinatown, providing easy access to shops, restaurants, banks, and more amenities. Public transport nearby (D, R, N Train and B35, B70 Buses) Don't miss the opportunity to acquire this well-maintained and income-generating asset in the vibrant Sunset Park neighborhood.

Listing courtesy of ONEKEY / RE/MAX Edge

Last checked: Checking… • Last updated Nov 3, 2024 •

MLS# 3528768 —

The Building

Year Built:

2009
New Construction:

true
Construction Materials:

Brick
Architectural Style:

Apartment
Basement:

Finished, Full
Common Walls:

No Common Walls
Building Area Units:

Square Feet

Interior

Rooms Total:

34

Room Dimensions

Living Area Units:

Square Feet

Location

Directions:

Use GPS
Cross Street:

7th Ave

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Attached:

false
Lot Size Acres:

0.06
Lot Size Area:

0.06
Lot Size SqFt:

2504
Lot Size Units:

Acres
Lot Size Source:

Other
Lot Size Dimensions:

25x100.17
Parcel Number:

00919-0026
Flood Zone Report:

Yes
Flood Zone Date:

2024-02-08

Listing Agent

Contact info:

Taxes

Tax Lot:

26
Tax Block:

919
Tax Map Number:

00919-0026
Tax Annual Amount:

14465

Beds

Bedrooms Total:

16

Baths

Total Baths:

8
Full Baths:

8

Heating & Cooling

Heating:

Natural Gas, Hot Water
Cooling:

Wall Unit(s)
Cooling:

true

Utilities

Sewer:

Other
Water Source:

See Remarks

Appliances

Appliances:

Refrigerator

Schools

Elementary School:

Ps 24
Elementary School District:

Brooklyn 15
Middle Or Junior School:

Is 136 Charles O Dewey
Middle Or Junior School District:

Brooklyn 15
High School:

West Brooklyn Community High School
High School District:

Brooklyn 15

The Community

Senior Community:

false

Parking

Garage:

false
Attached Garage:

false
Parking Features:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/11/24 Apr 11, 2024	Price Changed	ONEKEY	$2,999,000	-14.3%
1/31/24 Jan 31, 2024	Listed / Active	ONEKEY	$3,500,000

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This multifamily located in South Brooklyn, New York, NY 11232 is currently for sale for $2,999,000. 754 40th Street is a – square foot multifamily with 16 beds and 8 baths that has been on Estately for 295 days. 754 40th Street is in the South Brooklyn neighborhood of New York and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of P.S. 024.

Listing Courtesy of: ONEKEY and RE/MAX Edge.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.