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 Details
Property Features
Property Information:
Architectural Style: Apartment
Year Built: 2009
Listing Office:
Office Name: RE/MAX Edge
Office Phone: (718) 288-3835
Interior Features
Interior Information:
Appliances: Refrigerator
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 8
Total Bedroom Count: 16
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Hot Water
Cooling: Wall Unit(s)
Other
Directions Information:
Directions: Use GPS
Price Information
Listing Price Info
Price Summary:
List Price: $2,999,000
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Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $2.1M more than the Median Sold Price in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #3528768
Listing Office:
Office Name: RE/MAX Edge
Office Phone: (718) 288-3835
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/27/2024, 11:56:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
PS 169 Sunset Park
4305 7th Ave
Distance between this listing and this school0.17 miles
Public District Grades KG-5
6
/10
PS 24
427 38th St
Distance between this listing and this school0.50 miles
Public District Grades PK-5
7
/10
PS 131
4305 Fort Hamilton Pkwy
Distance between this listing and this school0.52 miles
Public District Grades PK-5
Nearby Schools
9
/10
Jr High School 220 John J Pershing
4812 9th Ave
Distance between this listing and this school0.44 miles
Public District Grades 6-8
4
/10
Intermediate School 136 Charles O Dewey
4004 4th Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
6
/10
Sunset Park Preparatory
4004 4th Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
Nearby Schools
2
/10
West Brooklyn Community High School
1053 41st St
Distance between this listing and this school0.44 miles
Public District Grades 10-12
4
/10
Sunset Park High School
153 35th St
Distance between this listing and this school0.65 miles
Public District Grades 9-12
8
/10
Brooklyn Prospect Charter School
3002 Fort Hamilton Pkwy
Distance between this listing and this school1.07 miles
The neighbors living near this home have an average income of $34,271. Typical income of New York, NY residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
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This home is located at 754 40th St in Sunset Park, NY and zip code 11232 in the Sunset Park neighborhood. This home, which was built in 2009, sits on a 0.06 acre lot. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since January 31, 2024 and is currently priced at $2,999,000.
Over 154 listings were sold over their listed price in March 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 645 listings were sold for the listed price. Between February 2024 and March 2024, New York, NY real estate market has seen increase in the number of listings by 3.7%. In March 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $845,489.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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