8-Unit Brick Apartment
New
For Sale
$1,499,000
527 40th Street, Brooklyn, NY 11232
Four-story residential property with eight three-bedroom apartments and two recently renovated vacant units.
Property Size7,064 SF
Lot Size0.06 Acres
Price / SF$212.20
Days on Market5
Property Features for 527 40th Street
General Information
Standard status
Active
Size
7,064 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Occupancy
75%
Net Operating Income
$94,000
Financials
Cap Rate
6%
Gross Income
$165,000
Units
Unit Mix
8 x 3BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$22,424
Building Details
Building Size
7,064 SF
Year Built
1935
Buildings
1
Stories
4
Construction
brick
Listing Agency:
RE/MAX Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Penrealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 7:59PM
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 RE/MAX Edge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1935, this four-story brick apartment property contains eight three-bedroom units and approximately 7,064 square feet of living space. Two apartments are vacant and have undergone gut renovations. The building measures approximately 25 by 75 feet on a 25-by-100-foot lot, with a basement and separate entrance at the front.
Located at 527 40th St in Brooklyn, the property has a Walk Score of 91, a Transit Score of 89, and a Bike Score of 74. The stated cap rate is approximately 6%.
Located at 527 40th St in Brooklyn, the property has a Walk Score of 91, a Transit Score of 89, and a Bike Score of 74. The stated cap rate is approximately 6%.
Key Highlights
- Eight three‑bedroom apartments in a four‑story building
- Approximately 7,064 square feet of living space
- Two vacant units recently gut‑renovated
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
8
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story residential property with eight three-bedroom apartments and two recently renovated vacant units.
Where is this apartment building located?
The property is located at 527 40th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Eight three‑bedroom apartments in a four‑story building; Approximately 7,064 square feet of living space; Two vacant units recently gut‑renovated
