Price Reduced 14.31%
Price History
$3,500,000
1/31/2024
$2,999,000
4/11/2024
754 40th Street, Brooklyn, 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
Type:
Multi-family
Units:
8
Garage:
Off Street
Heating:
Natural Gas, Hot Water
Cooling:
Wall Unit(s)
Basement:
Finished, Full
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
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Listing courtesy of RE/MAX Edge 718-288-3835