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24 Beds
8 Baths
7,064 sqft

$1,499,000

527 40th Street, Brooklyn NY, 11232

Price per sqft$212.20
Built in1935
Property size7,064 sqft
Property typeMulti-family

Overview

Active

Listed Oct 12, 2026

Updated 45h ago

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!

$9,973/mo

Est. mortgage payment based on a $1,499,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
505263

Interior Features

Bedrooms
24
Bathrooms
8
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$22,424
Tax Frequency
Annually

Listed by Jason Zhou with RE/MAX Edge
Listing Contact: 7186123088 

Based on information from Brooklyn Board of REALTORS®. Data last updated 10/14/2026. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Svetlana Shushkovsky shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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