754 40th ST Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11232
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYL3528768
Bedrooms 16
Full Baths 8
Year Built 2009
Annual Tax Amount $14,465
Property Sub-Type Multi Family
Property Description
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.
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas,Hot Water
Cooling Wall/Window Unit(s)
Fireplaces Type Pellet Stove
Exterior
Parking Features Off Street
Building
Sewer Other
Water Other
Structure Type Brick
Schools
Elementary Schools Ps 24
Middle Schools Is 136 Charles O Dewey
High Schools West Brooklyn Community High School
School District Brooklyn 15
Others
Special Listing Condition None