HOUSE
Address: ‎527 40th Street
Zip Code: 11232
24 bed, 8 bath, 7064ft2
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$1,499,000
MLS# 505263
English
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$1,499,000 - 527 40th Street, Sunset Park, NY 11232|MLS# 505263

MLS#‎ 505263
Details24 bed, 8 bath, 25x100, Interior: 7064 ft2, 656m2, Building has 4 floors
(DOM): 1 days
Construction Year1935
Taxes
(per year)
$22,424
Fuel TypeOil
BasementFull basement
ZoningR6B
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房屋英文概況 English Description

Exceptional investment and owner-occupant opportunity in prime Sunset Park! This oversized 8-family brick building offers approximately 7,064 sqft of living space and features 8 three-bedroom apartments, including 2 currently vacant units that have recently been gut-renovated. Measuring approximately 25×75 feet on a 25×100-foot lot, the property offers 4 stories over a basement with a separate front entrance. Bright interiors, newly renovated living spaces in the vacant units, and a classic brick façade add to its appeal. Approximate annual income is $165,000, with potential to increase to $178,000, and current annual net operating income is approximately $94,000, offering an approximately 6% cap rate. With existing rental income, growth potential, and flexibility for an owner-occupant, this property is an opportunity you won’t want to miss. Won't Last!

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 Brooklyn New York Multiple Listing Service. All rights reserved.

Courtesy of RE/MAX Edge

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$1,499,000
HOUSE
MLS# 505263
‎527 40th Street
Brooklyn, NY 11232
24 bed, 8 bath, 7064ft2


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