MLS#L3528768
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 15
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.
Property Features
Property Type: Commercial -
Basement: Finished, Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Hot Water
Lot Size: 0.06 Acres
Taxes: $14,465
Year Built: 2009
Feature Descriptions
Appliances: Gas Water Heater, Refrigerator
Days on Site: 791
Exterior: Brick
Fireplace Features: Pellet Stove
Lot Dimensions: 25x100.17
Number Of Kitchens: 8
On Market Date: 2024-01-31
Parcel Number: 00919-0026
Parking Features: Off Street
Permit Number: 8
Permit Required Y/N: Yes
Rental Term: Monthly
Rooms Total: 34
Separate Electric Meters: 9
Separate Gas Meters: 8
Sewer: Other
Units: 8
Water: Other
Local Schools
High School: West Brooklyn Community High School
Middle School: Is 136 Charles O Dewey
Elementary School: Ps 24
School District: Brooklyn 15
Listed By / Shown By
Listing By
Agency Name: RE/MAX Edge
Agency Contact: 718-288-3835
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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754 40th Street | MLS# L3528768
This commercial property located at 754 40th Street, Brooklyn, NY 11232 is currently listed for sale with an asking price of $2,999,000. 40th Street is located within the Brooklyn 15 school district. Search Brooklyn real estate on www.coldwellbankerchoice.com today.