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754 40th Street Sunset Park, NY 11232
$2,999,000
  • For Sale
  • 16 Bedrooms
  • 8 Full Baths
  • Year Built 2009
  • Multi Family
  • ML# 3528768

Property Details

Overview

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.

Key Facts

  • Style: Apartment
  • Lot Size: 0.06
  • Lot Sq Ft: 2504
  • New Construction: Yes
  • Taxes: $14,465
  • School District#: 15
  • Block: 919
  • Lot: 26

Additional Features

  • Construction Materials: Brick
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Facilities: Off Street

Rooms & Floor Plans

  • Bedroom: 16
  • Full Bath: 8
  • Other: 10

Interior & Utilities

  • Refrigerator: Yes
  • Stoves: Yes
  • Heat: Natural Gas, Hot Water
  • A/C: Wall Unit(s)
  • Water: See Remarks
  • Sewer: Other

Financial

  • Taxes: $14,465
Listing Information provided courtesy of RE/MAX Edge  718-288-3835
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