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754 40th Street, Brooklyn, NY, 11232 $2,999,000

Multi Family Commercial 16 Beds , 8 Full Bath  

Property Picture
1 of 27
 
 

Details ML#: 3528768  

  • # of Families: 8
  • Sale or Rent:Sale
  • Year Built: 2009
  • Taxes: $14,465
  • Status:Active

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.

More Property Details

Room Information

Bedroom: 16   Full Bath: 8   Other: 10  

Property Features

Lot Sq Ft: 2504   Parking Spaces: Yes   Parking Facilities: Off Street  

Appliances & Utilities

Heat: Natural Gas, Hot Water   A/C: Wall/Window Unit(s)   Water: Other   Sewer: Other  

Financial

Taxes: $14,465  

Local Area Information

School District: Ps 24   Block: 919   Lot: 26  

Listing Information provided courtesy of RE/MAX Edge  718-288-3835
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