754 40th Street
Brooklyn, NY, 11232 $ 2,999,000
Bedrooms16 Baths8.0 Sq 2,504 Monthly Estimate*
$ 20,949
for $2,999,000 with 16 bedrooms and 8 full baths. This 2,504 square foot home was built in 2009 on a lot size of 0.06.
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.
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FeaturesGeneralArchitectural Style Apartment
High School West Brooklyn Community High School
High School District Brooklyn 15
Elementary School Ps 24
Middle/Junior High School Is 136 Charles O Dewey
Middle/Junior School District Brooklyn 15
Elementary School District Brooklyn 15
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* Excluded FeaturesList ByKellyWu2368@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $20,949
- Monthly Property Taxes
- $1,205
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,661,279
Percent of Sale Price 45%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4558108 Elementary School
4147675 Middle School
West Brooklyn Community High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/11/2024 | $2,999,000 | -14.31% | Price Down |
1/31/2024 | $3,500,000 | | Listed Price |