Property profile

517 40Th St Brooklyn, NY 11232

FOR SALE
Multifamily properties
Property ID
US63-3961393
Built 1915
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Fabulous opportunity to own this multi-family brick home on a beautiful tree-lined street in the convenient Sunset Park neighborhood of Brooklyn. Ideal for investors or families seeking versatile living space. The property suits multi-generational households or those looking for rental income. Located close to shopping, public transportation, and restaurants. The home has been modified over the years to accommodate comfortable household living. The garden level includes a large living room, a bedroom, a newer eat-in kitchen with rear yard access, a three-quarter bath, and entry to a full partially finished basement with additional rooms. The second-floor features three bedrooms, a three-quarter bath, and an open concept living room/kitchen. The third floor boasts four bedrooms, a living room, a kitchen, and a full bath. Ceramic and hardwood flooring run throughout, and the basement provides extra storage. The rear yard is perfect for entertaining, and with a building size of 20x45 across three stories (plus the basement), the possibilities are endless. The first floor which has access to the yard and basement is currently not rented. Call today to schedule your showing! There is a discrepancy between tax records on Sq Footage, No C of O. Over the years modifications have been made to accommodate household living. The first floor which has access to the yard and basement is currently not rented and previous rent was 2800. Call for a private showing! There is a discrepancy between tax records on Sq Footage, No C of O. Over the years modifications have been made to accommodate multigenerational living. The first floor has access to the yard and basement. Multi generation living. Discrepancy between HPD which indicates 2 units but tax records indicate 3 units .. bikeScore: 69, Bikeable walkScore: 94, Walker's Paradise transitScore: 78, Excellent Transit

Property profile

Verified
Property type Multifamily properties
Year built 1915
UPID US63-3961393

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

517 40Th St Brooklyn, NY 11232
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message