1. New York
2. Brooklyn
3. 754 40th Street

754 40th Street, Brooklyn, NY 11232

• 16 beds |
• 8 baths

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.

Listing Status:

Active

Listing Office:

RE/MAX Edge : 718-288-3835

MLS ID:

L3528768

Interior

• Appliances: Gas Water HeaterRefrigerator
• Basement: FinishedFull
• A/C: Wall/Window Unit(s)
• Heating: Natural GasHot Water
• Fireplace: Pellet StoveFireplaces: 0

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of RE/MAX Edge