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Brick Duplex with Finished Basement
New
For Sale
$2,250,000

1471 40th St, Brooklyn, NY 11219

Vacant brick duplex with finished basement space, two parking spaces, and R6 zoning.

Property SizeContact for details
Days on Market2

Property Features for 1471 40th St

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi Family
Zoning R6

Units

Unit Mix 1 x 2BR, 1 x 3BR
Multifamily Units 2

Additional Details

Public Transit Yes

Building Details

Buildings 1
Stories 2
Construction solid brick
Listing Agency: Ostpro Realty LLC
Listed By: Avrum D. Ostreicher
Source: Elliman
Added: Sep 8 Last Checked: Sep 8 at 2:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ostpro Realty LLC

Investment Insights

Based on property information with market context.

This two-family brick residence in Brooklyn is configured with a 2-bedroom apartment above a 3-bedroom apartment. The property also includes a finished basement and two parking spaces, offering additional usable space and on-site parking for the occupants. The building is fully vacant, allowing a new owner to determine the occupancy plan.

The property carries R6 zoning, and the listing identifies potential for 2 additional floors. Walk Score is 96, Transit Score is 98, and Bike Score is 90, reflecting strong access to walking, public transportation, and cycling options. The layout and vacancy support consideration by an owner-occupant or investor seeking a residential income property.

Key Highlights

  • Two‑family brick residence with a 2‑bedroom apartment over a 3‑bedroom apartment
  • Finished basement provides additional usable space
  • Two parking spaces included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

6,365
Businesses Nearby

Demographics for 11219, NY

103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Vacant brick duplex with finished basement space, two parking spaces, and R6 zoning.
Where is this duplex located?
The property is located at 1471 40th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two‑family brick residence with a 2‑bedroom apartment over a 3‑bedroom apartment; Finished basement provides additional usable space; Two parking spaces included
More about this property
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