754 40th Street

754 40th St
Sunset Park

$2,999,000
Price
16
Beds
8
Baths
7,104 Sq. Ft.
$422 / Sq. Ft.
7,104
Sq. Ft.
$422
per Sq. Ft.

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...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.
  1. Listed by Kelly Wu • RE/MAX Edge

Amenities

  • Walk Up
  • Laundry in Building
  • Air Conditioning
  • Wall Unit
  • Voice Intercom
  • Basement
  • Hot Water Heating
  • Gas Heat
LISTING UPDATED: 12/03/2024 03:37 PM

Property Details for 754 40th Street

StatusActive
MLS ID479487
Days on Market325
Taxes$14,465 / year
Maintenance-
Min. Down Pymt-
Total Rooms34.0
Compass TypeTownhouse
MLS TypeResidential
Year Built2009
Lot Size2,504 SF / 25' x 100'
CountyKings County

Building

754 40th St

8 Units4 StoriesBuilt in 2009

Building Information for 754 40th Street

Stories4Residences8Year Built2009Building Size24' x 60'Building Sq. Ft5,760 SFLot Size2,504 SF / 25' x 100'Building AgePost-warBuilding TypeLowrise

Property Information for 754 40th Street

Summary
Location and General Information
  • Block: 919
  • Cross Street Name: 7th Ave
  • Cross Street Name: 8th Ave
  • Zoning: R6B
  • Roof: Asphalt/Tar, Flat
  • Residential Features: A/C Unit - Wall, Refrigerator, Stove
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 14465.0
  • Gross Expense: 26500.0
  • Gross Income: $210,912.00
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 7104
  • Yard: None
  • Lot Number: 26
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Baths Three Quarter: 0.0
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile
  • Unit Count: 8
  • Building Amenities: Storage rooms
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1500.0
  • Building Length: 60.0
  • Building Type: Semi-Detached
  • Building Width: 25.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 1A
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 1B
  • Unit Rooms Total: 5
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 2A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 2B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 3A
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 3B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 4A
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 4B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 184412.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No

Property History for 754 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 754 40th Street

Taxable ValueLand$84,600Additions$369,450Total$454,050
Home Facts
Total Finished SqFt7,104 SqFtLot Size2,504 SqFtYear Built2009ZoningR6BAPN3009190026

Schools near 754 40th Street

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
P.S. 24
Public - PK to 5
Sunset Park Prep
Public - 6 to 8
West Brooklyn Community High School
Public - 10 to 12
School Of Creativity-Innovation
Public - PK to 4
Rating
School
Distance
P.S. 24
PublicPK to 5

Sunset Park Prep
Public6 to 8

West Brooklyn Community High School
Public10 to 12

School Of Creativity-Innovation
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 754 40th Street, Sunset Park

754 40th Street is a townhouse for sale in Sunset Park. This property was listed for sale on January 29, 2024 by RE/MAX Edge, it's currently listed at $2,999,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 24, Sunset Park Prep and West Brooklyn Community High School. 754 40th Street is a 16-bed, 8-bath, 7,104 sqft townhouse built in 2009.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Edge

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.