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Map
$1,530,000
●
Townhouse -
Off Market
731 40TH Street #NA
Brooklyn, NY 11232
6 Beds
5 Baths,
1
Half Bath
$1,530,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
NY-New York
Primary Model
About This Property
Presenting 731 40th Street an exceptional FREE-MARKET 4-Unit
Residential Building situated between 7th and 8th Ave; prime
location of the thriving neighborhood of Sunset Park. Brooklyn!
This outstanding investment opportunity is delivered fully occupied
with fantastic income valued at a 5.24% Cap Rate. The property is
classified under a favorable Tax Class 2A and projected to increase
up to 7.10% Cap Rate.
Set on a spacious 25' x 100', this property boasts two detached buildings with a charming middle courtyard and a rear yard, providing the potential for multiple private outdoor spaces. The 4 units consists of 1 cozy - 1BR/1 Bath unit, 2 - 2BR/1BA units, and lastly an immaculate 1BR/1.5BA Duplex unit. The building can have substantial rent increase with modest capital investment. Maximize the return on the investment by maintaining or increasing the current high cash flow! Inside the units, you will find hardwood flooring, exposed brick, high ceilings, and large windows. Opportunity for laundry and storage for the buildings in the front cellar area.
This property is located in the center of Sunset Park. Easy access into Manhattan with D train only two blocks away. The South Brooklyn Ferry is near-by which make stops at Governors Island, Red Hook, Wall Street in Manhattan and etc. Plethora of local restaurants such as Parlay, Tacos El Bronco, Frying Pan Brooklyn, Table 87, Japan town and small microbrewery in Industry city. You can also get a view of Manhattan Harbor and Status of Liberty from the highest elevated point from the Namesake Park nearby.
Set on a spacious 25' x 100', this property boasts two detached buildings with a charming middle courtyard and a rear yard, providing the potential for multiple private outdoor spaces. The 4 units consists of 1 cozy - 1BR/1 Bath unit, 2 - 2BR/1BA units, and lastly an immaculate 1BR/1.5BA Duplex unit. The building can have substantial rent increase with modest capital investment. Maximize the return on the investment by maintaining or increasing the current high cash flow! Inside the units, you will find hardwood flooring, exposed brick, high ceilings, and large windows. Opportunity for laundry and storage for the buildings in the front cellar area.
This property is located in the center of Sunset Park. Easy access into Manhattan with D train only two blocks away. The South Brooklyn Ferry is near-by which make stops at Governors Island, Red Hook, Wall Street in Manhattan and etc. Plethora of local restaurants such as Parlay, Tacos El Bronco, Frying Pan Brooklyn, Table 87, Japan town and small microbrewery in Industry city. You can also get a view of Manhattan Harbor and Status of Liberty from the highest elevated point from the Namesake Park nearby.
Unit Size
-
Days on Market
160 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
$374
HOA Dues
-
Year Built
1910
Last updated: 3 months ago (RLS #RPLU-33422533867)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 21, 2023 | Sold | $1,530,000 | |
Sold | |||
Oct 19, 2023 | In contract | - | |
In contract | |||
Aug 10, 2023 | Price Decreased |
$1,650,000
↓ $100K
(5.7%)
|
|
Price Decreased | |||
Jun 14, 2023 | Listed by Corcoran Group | $1,750,000 | |
Listed by Corcoran Group |
Property Highlights
Air Conditioning
Interior Details
Bedroom Information
Bedrooms: 6
Bathroom Information
Full Bathrooms: 4
Half Bathrooms: 1
Room Information
Laundry Features: In Unit
Rooms: 14
Basement Information
Exterior Details
Property Information
Year Built: 1910
Building Information
Outdoor Living Structures: None
Pets Allowed: Building Yes, No
Lot Information
Lot Size Dimensions: 100.17x25.00
Land Information
Tax Lot: 0054
Tax Block: 01824
Financial Details
Tax Annual Amount: $4,488
Utilities Details
Cooling Type: Window Units
Location Details
Subdivision Name: Sunset Park
Stories Total: 2
View: Other
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
6
Beds
3
Baths
-
$1,515,000
Jan 16, 2019
$1,515,000
Nov 18, 2019
-
Sold
House
6
Beds
2
Baths
3,000 ft²
$450/ft²
$1,350,000
Oct 14, 2022
$1,350,000
Jan 11, 2023
-
Townhouse
6
Beds
4
Baths
-
$1,700,000
Mar 12, 2020
$1,700,000
Jun 24, 2020
-
Townhouse
6
Beds
3
Baths
-
$1,190,000
Oct 15, 2019
$1,190,000
Aug 20, 2020
-
Sold
Multifamily
6
Beds
3
Baths
-
$1,550,000
Jun 20, 2023
$1,550,000
Aug 24, 2023
$457/mo
Sold
Multifamily
6
Beds
4
Baths
-
$1,300,000
Sep 18, 2019
$1,300,000
Apr 29, 2021
$1,055/mo
Active
Townhouse
6
Beds
3
Baths
2,146 ft²
$743/ft²
$1,595,000
Mar 13, 2022
-
$648/mo
Active
Townhouse
6
Beds
1.5
Baths
2,400 ft²
$665/ft²
$1,595,000
Oct 7, 2022
-
$470/mo
Active
Townhouse
6
Beds
3
Baths
1,716 ft²
$955/ft²
$1,638,000
Aug 17, 2023
-
$559/mo
Active
Townhouse
5
Beds
2.5
Baths
2,400 ft²
$625/ft²
$1,499,000
Jun 30, 2023
-
$1,252/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/14/2023
|
6 Bed
|
5 Bath
|
-
|
$1,750,000
6 Bed
5 Bath
|
$1,530,000
-12.57%
11/21/2023
|
-
|
Christopher Cavorti
Corcoran Group
|