Price Reduced 14.31%


Price History

$3,500,000
1/31/2024

$2,999,000
4/11/2024


754 40th Street, Brooklyn, (Sunset Park), NY, 11232

754 40th Street, Brooklyn, (Sunset Park), NY, 11232

34 rooms

16 beds

8 Full baths

2009

Apartment

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.


Status:

Active

Town:

Brooklyn

Type:

Multi-family

Units:

8

Heating:

Natural Gas, Hot Water

Cooling:

Wall Unit(s)

Basement:

Finished, Full

Parking:

Off Street

Acreage:

0.06

Est. Taxes:

$14,465

Construction

Brick

Elementary School:

Ps 24

Middle School:

Is 136 Charles O Dewey

High School:

West Brooklyn Community High School

School District:

Community District 15

Appliances:

Refrigerator

MLS #:

3528768


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of RE/MAX Edge 718-288-3835