754 40th ST, Brooklyn, NY 11232 – L3528768 - Arif Baksh

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Arif Baksh

arif@asarealestategroup.com +1(914) 494-1549

$2,999,000

Est. payment - /mo

16 Beds

8 Baths

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID L3528768

Bedrooms 16

Full Baths 8

HOA Y/N No

Rental Info No

Year Built 2009

Annual Tax Amount $14,465

Lot Dimensions 25x100.17

Property Sub-Type Multi Family

Source onekey2

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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Hot Water

Cooling Wall/Window Unit(s)

Fireplaces Type Pellet Stove

Fireplace No

Appliance Gas Water Heater, Refrigerator

Exterior

Parking Features Off Street

Private Pool No

Building

Sewer Other

Water Other

Structure Type Brick

Schools

Elementary Schools Ps 24

Middle Schools Is 136 Charles O Dewey

High Schools West Brooklyn Community High School

Others

Senior Community No

Special Listing Condition None

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Listed by RE/MAX Edge

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

754 40th ST Brooklyn, NY 11232