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731 40th Street

Brooklyn, NY 11232
  • $1,695,000
  • STATUS: ACTIVE
  • ON SITE: 88 Days
  • MLS #: 20222827
UPDATED: 55 min ago
$1,695,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
Area:

School Ratings & Info

School District:

Description

This Sunset Park 4-family, with easy potential for another unit, is actually two buildings separated by a common garden/yard area. Both buildings are in very good condition with mostly new mechanicals. A really solid investment with a 5 per cent cap rate, as rents in the city just keep rising and rising, or perhaps a development site, with use of air rights and the space between both buildings. (The downstairs unit in the back building merely needs the addition of a stove to make it a legal apartment.) Current leases are six-month leases. Opportunity is knocking here.

Extras: R6B districts are often traditional row house districts, designed to preserve the scale and harmonious streetscape of the neighborhoods developed during the 19th century with four-story attached buildings. Many of these houses are set back from the street

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-12-04T23:18:26.617
www.petroccaproperties.com/homes/132824903
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731 40th Street Brooklyn, NY 11232

  • Price: $1,695,000
  • Status: ACTIVE
  • On Site: 88 Days
  • Updated: 55 min ago
  • MLS #: 20222827
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1910
Built
Neighborhood:
OTHER
Area:
Other
School District:
OTHER
Property Description
This Sunset Park 4-family, with easy potential for another unit, is actually two buildings separated by a common garden/yard area. Both buildings are in very good condition with mostly new mechanicals. A really solid investment with a 5 per cent cap rate, as rents in the city just keep rising and rising, or perhaps a development site, with use of air rights and the space between both buildings. (The downstairs unit in the back building merely needs the addition of a stove to make it a legal apartment.) Current leases are six-month leases. Opportunity is knocking here.

Extras: R6B districts are often traditional row house districts, designed to preserve the scale and harmonious streetscape of the neighborhoods developed during the 19th century with four-story attached buildings. Many of these houses are set back from the street
Exterior Features

Garage Type None

Property Features

Annual Income 112200 Annual Net 100046 Annual Taxes 4492 Assessed 852000 Flood Plain No General Tax 2092 Listing Type Exclusive Right Lot Dimensions 0.11 Acres Monthly Income 9350 Other Income 0 Owner Pays Insurance School Tax 2400 Tenant Pays Other Total Deposit 0 Total Taxes 4492 Type 4 Family Unit1 Baths 1 Unit1 Bedrooms 1 Unit1 Rent 2150 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Rent 2000 Unit3 Baths 1 Unit3 Bedrooms 1 Unit3 Rent 2000 Unit4 Baths 1 Unit4 Bedrooms 1 Unit4 Rent 2100

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20222827 provided courtesy of Lawrence O'toole of Corcoran Country Living: 845-338-5832.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-12-04T23:18:26.617
 
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The Petrocca Properties Team at Keller Williams Capital District
1 Hudson City Centre, Suite 202
Hudson NY, 12534