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.

Features
: Flat, Asphalt/tar
Address Map
11232
40th
754
Street
0
W74° 0' 4.1''
N40° 38' 49.6''
MLS Addon
: Multi-family
8
285
: Refrigerator, Stove, A/c Unit - Wall
: Hardwood, Tile
118210
RE/MAX Edge
Kelly Wu
kw3161
$0
$0
: Finished, Full
: Storage Rooms
: Brick
: Active
$14,465

Residential For Sale

754 40th Street, Brooklyn, New York 11232

16 Bedrooms
8 Bathrooms
7,104 Sqft
$2,999,000
Listing ID #479487
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 479487
Price : $2,999,000
Bedrooms : 16
Bathrooms : 8
Square Footage : 7,104 Sqft
Year Built : 2009
Lot Area : 2,504 Sqft
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern