About 754 40th Street
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.
Features of 754 40th Street
MLS® # | 3528768 |
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Price | $2,999,000 |
Bedrooms | 16 |
Bathrooms | 8.00 |
Full Baths | 8 |
Acres | 0.06 |
Year Built | 2009 |
Type | Residential |
Sub-Type | Multi Family |
Style | Apartment |
Status | Active |
Community Information
Address | 754 40th Street |
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City | Sunset Park |
County | Brooklyn |
State | NY |
Zip Code | 11232 |
Additional Information
Listing Details
Office | RE/MAX Edge |
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Office Contact | 718-288-3835 |