56 Bay 40th Street Brooklyn, NY $ 1,768,000
56 Bay 40th Street
$ 1,768,000
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56 Bay 40th Street

Brooklyn, NY, 11214
$ 1,768,000
Baths0.0 Sq 2,646

Monthly Estimate*

$ 11,163

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Studio

Multi-Family Home for sale in Brooklyn, NY

for $1,768,000. This 2,646 square foot home was built in 1924 on a lot size of 0.0559.

Exceptional opportunity to own a solid brick semi-detached four-family property in the desirable Gravesend/Bath Beach area of Brooklyn. Offering flexibility for both investors and end users, two units are currently vacant, while the remaining two units are occupied by established tenants, providing the option to retain existing rental income or deliver additional space based on the buyer’s needs. Situated on an approximately 25’ x 97’ lot with a building footprint of approximately 21’ x 63’, the property offers approximately 2,646 square feet of living space and is zoned R5. A rare parking advantage includes a rear two-car garage plus additional parking space for approximately three vehicles total. Conveniently located near the 25th Avenue D train station and the shopping, dining, and everyday conveniences along 86th Street, with easy access throughout Brooklyn and to Manhattan. A versatile four-family property offering strong potential for investment or owner occupancy in a highly convenient Brooklyn location.

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Multi-Family Active

Price

$ 1,768,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,822

Style

Triplex

Lot Size

0.0559

Year Built

1924

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

1043113

Features
Interior
Interior Amenities First Floor Bedroom
Basement Finished Walk-Out Access
Basement Features Finished Walk-Out Access
Basement (Y/N) Y
Total Bedrooms 0
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General
Sewer Public Sewer
Heating Baseboard Natural Gas
Cooling Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Trash Collection Public
Garage Spaces 1
Construction Materials Brick
Year Built 1924
Property Subtype Triplex
Tax Year 2025
Parcel Number 06867-0062
County Kings (Brooklyn)
Property Type Residential Income
Garage Y/N Y
Full Baths 0
High School Contact Agent
City New York
Senior Community Y/N N
High School District Contact Agent
Number Of Units Total 4
Carport Spaces 2
Carport Y/N Y
Elementary School Contact Agent
Property Attached Y/N N
Tax Annual Amount 12822.68
Middle/Junior High School Call Listing Agent
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Contact Agent
Elementary School District Contact Agent
Tax Assessed Value 336600
Cap Rate 11753
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Exterior
Parking Features Attached Driveway Private Attached Driveway Private
Water Source Public
Building Area Total 2646
Waterfront Y/N N
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Internal Only
Street Number 1 56
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* Excluded Features
List By
Fay Huang

Listing Agent

Suncity Prop Inc

Broker

646-891-6590

Contact

Affordability Calculator

$12,232
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,163
Monthly Property Taxes
$1,069
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4892219 Elementary School
5162815 Middle School
Contact Agent High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2026$1,768,000 Listed Price

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56 Bay 40th Street, Brooklyn, NY, 11214 is a Multi-Family Home for sale at $1,768,000 with 2,646 sqft and a lot size of 0.0559. 56 Bay 40th Street is a studio with 0.0 baths and was built in 1924. The property's zip code is 11214 which is in Brooklyn, NY