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Active - House for sale
731 40th Street, NewYorkCity, NY
Facts & features
Why you’ll love it
- Hardwood floors
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.<br><br>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.<br><br>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.
Listed by: Christopher Cavorti • (914) 804-7091 • Corcoran Group
Co-listed by: Marvin Chu • (718) 685-9430 • Corcoran Group
Come see by yourself
Affordability
$8,343/mo
- Mortgage$8,343
- Property tax$0
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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About Sunset Park
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
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Air quality
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Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
