Skip To Content

754 40th Street

BROOKLYN, NY 11232
  • $2,999,000
  • STATUS: Active
  • ON SITE: 310 Days
  • MLS #: 479487
UPDATED: 73 min ago
$2,999,000
  • 16
    BEDS
  • 0.06
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 7,104
    SQFT
  • $422
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2009
Area:

School Ratings & Info

Description

Introducing an impressive 8-family brick house in the heart of Sunset Park, spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. There is the possibility to convert the units into condos. 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.

Monthly Payment Calculator



© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-12-06T10:00:20.067.
www.movetonewjersey.com/homes/147089418
Print Image

754 40th Street BROOKLYN, NY 11232

  • Price: $2,999,000
  • Status: Active
  • On Site: 310 Days
  • Updated: 73 min ago
  • MLS #: 479487
16
Beds
8
Baths
0
½ Baths
0.06
Acres
7,104
SQFT
$422
$/SQFT
2009
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Sunset Park
Property Description
Introducing an impressive 8-family brick house in the heart of Sunset Park, spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. There is the possibility to convert the units into condos. 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.
Exterior Features

Building Length 60.00 Building Width 25.00 Construction Materials Brick Exterior Brick Lot Size Length 100 Lot Size Width 25 Parking Feature None Roof Asphalt/TarFlat Yard None

Interior Features

Basement Amenities FinishedFull Building Footprint Sq Ft 1500 Flooring HardwoodTile Foundation Details Poured Concrete Heat Delivery Hot Water

Property Features

ACUnits 5+ Block 919 Building Amenities Storage rooms Construction Type Semi-Detached Cross Street Name 7th Ave Cross Street Name2 8th Ave Electric 110 V Financing 1031 ExchangeBank MortgageCash Gross Income 210912 Handicap Access Unknown Heating Fuel Gas Hot Water Gas Lot Number 26 Lot Size Irregular YN 0 Net Operating Income 184412.00 Number Of Families 8 Property Sub Type Multi-Family Property Type Residential Residential Features A/C Unit - WallRefrigeratorStove Sale Type Arm's Length Tax Amount 14465.00 Transaction Type Sale Zoning R6B

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of RE/MAX Edge: (718) 612-3088.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2024-12-06T10:00:20.067.
 
https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_1_479487-2.jpg https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_1_479487-2.jpg https://bt-photos.global.ssl.fastly.net/brooklyn/orig_boomver_1_479487-2.jpg
Logo
Team Gio | RE/MAX Central
520 Rt 9 North
Manalapan NJ, 08527