Introducing an impressive 8-family brick house in the heart of Sunset Park, spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. There is the possibility to convert the units into condos. The first floor and basement are thoughtfully configured as two duplex units, each boasting 2 bedrooms, 1 bathroom, a spacious living room, a well-equipped kitchen, and a dedicated dining area. Remarkably, the basement stands out with its high 8.5-foot ceilings, providing an expansive and comfortable living space. Adding to the allure, the 4 units on the 3rd and 4th floors feature charming balconies, offering residents a private outdoor retreat. The roof is fenced for security and privacy, enhancing the overall appeal of the property. The building is equipped with 8 boilers, 8 water heaters, 8 gas meters, and 9 electric meters ensuring efficient and individualized control for each unit. Building size 25*60 over Lot 25*100. Annual property tax of $14,465. Total annual income is $210,912 and total expenses are $26,500. Net income $184,412. This property is positioned near 8th avenue Chinatown, providing easy access to shops, restaurants, banks, and more amenities. Public transport nearby (D, R, N Train and B35, B70 Buses) Don't miss the opportunity to acquire this well-maintained and income-generating asset in the vibrant Sunset Park neighborhood.
Property Details
Property Features
Property Information:
Year Built: 2009
Stories: 4
Living Area: 7,104 SqFt
Listing Office:
Office Name: RE/MAX Edge
Interior Features
Interior Information:
Appliances: Refrigerator, Stove
Basement: Yes
Flooring Type: Hardwood, Tile
Fireplace: Stove
Bedroom and Bathroom Information:
Full Bathrooms: 8
Total Bedroom Count: 16
Exterior Features
Parking Information:
Parking: None
Utilities
Utilities Information:
Heating: Hot Water, Natural Gas
Cooling: Wall Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $2,999,000
Price Per SqFt: $422/SqFt
Tax Information:
Annual Amount: $63,563
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $2.0M more than the Median Sold Price and $280/SqFt less than other homes in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #479487
Listing Office:
Office Name: RE/MAX Edge
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/3/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 14, 2006
Jul 14, 2006Home Sold
$460,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$63,563
$523,800
2019
$63,563
$523,800
2018
$53,454
$453,889
2017
$36,507
$420,268
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$14.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,058
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
P.S. 169 Sunset Park School
4305 7th Ave
Distance between this listing and this school0.17 miles
Public District Grades KG-5
8
/10
School of Creativity and Innovation (The)
736 48th St
Distance between this listing and this school0.39 miles
Public District Grades PK-2
4
/10
P.S. 24 Brooklyn
427 38th St
Distance between this listing and this school0.48 miles
Public District Grades KG-5
Nearby Schools
8
/10
J.H.S. 220 John J Pershing
4812 9th Ave
Distance between this listing and this school0.45 miles
Public District Grades 6-8
5
/10
Sunset Park Preparatory
4004 4th Ave
Distance between this listing and this school0.56 miles
Public District Grades 6-8
2
/10
Intermediate School 136 Charles O Dewey
4004 4th Ave
Distance between this listing and this school0.56 miles
Public District Grades 6-8
Nearby Schools
4
/10
West Brooklyn Community High School
1053 41st St
Distance between this listing and this school0.44 miles
Public District Grades 10-12
4
/10
Sunset Park High School
153 35th St
Distance between this listing and this school0.64 miles
Public District Grades 9-12
6
/10
Urban Assembly School for Leadership and Empowerment
4200 16th Ave
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $34,271. The most common annual income of people living in Brooklyn, NY is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 754 40th St in Brooklyn, NY and zip code 11232 in the Sunset Park neighborhood. This 7,104 square foot home was built in 2009. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since January 30, 2024 and is currently priced at $2,999,000.
In November 2024 more than 28 listings in Brooklyn, NY were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 161 were sold below. In November 2024 in Brooklyn, NY there were 10.5% less homes for sale than in October 2024. In November 2024 median list price was $979,913 and the average listing age was 111 days.
From Rocket Homes Real Estate and based on county public records data.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
H&M
Ross Dress For Less
Little Caesars
Boston Market
Popeyes
Dodge
Honda
Nissan
Urban Adult Contemporary
Rhythmic Contemporary Hits