754 40th Street Sunset Park, NY 11232
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyBrooklyn
- Taxes$14,465
- HOA/Condo/Coop Fees$0
- Days on Site34 Days
- MLS StatusActive
- MLS ID Number3528768
- Home Size Source N/A
- Year Built2009
- Lot Size0.06 Acres
- Full Baths8
- Partial BathsN/A
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General Features
- Style Apartment
- Construction Brick
- Parking Off Street
- Sewer Other
- Basement FinishedFull
- Acreage 0.06
- Water See Remarks
- Cross Street 7th Ave
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling Wall Unit(s)
- Heating Natural GasHot Water
- Appliances Refrigerator
- Fireplaces 0
Community Features
- Township Brooklyn
- Senior Community No