8-Unit Apartment
New
For Sale
$1,499,000
527 40th Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size7,064 SF
Lot Size0.06 Acres
Price / SF$212.20
Days on Market5
Property Features for 527 40th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
24
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 8, Bedroom 10, Bedroom 9, Bedroom 15, Bathroom 1, Bathroom 5, Bathroom 7, Bedroom 14, Bathroom 2, Bedroom 19, Bedroom 16, Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 11, Bedroom 5, Bathroom 6, Bedroom 12, Bathroom 3, Bedroom 3, Bedroom 21, Bedroom 24, Bedroom 23, Bedroom 8, Bedroom 22, Bedroom 2, Bedroom 4, Bedroom 18, Bedroom 1, Bedroom 17, Bedroom 13, Bedroom 20
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
7,064 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
22424
Building Details
Year built
1935
Floors in Building
4
Flooring type
Laminate, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 16 at 1:06PM
MLS# 505263
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This four-story brick apartment building contains eight three-bedroom residences and approximately 7,064 square feet of living space. Two apartments are vacant and have been gut-renovated; the other six are occupied. The building dates to 1935 and includes a basement with a separate entrance at the front. Interior finishes include hardwood, tile, and laminate flooring, with a refrigerator and stove among the listed features. The property has R6B zoning and a stated cap rate of approximately 6%.
At 527 40th Street in Brooklyn, the building measures approximately 25 by 75 feet on a 25-by-100-foot lot. Its eight-apartment configuration combines existing rental occupancy with two renovated vacant units.
At 527 40th Street in Brooklyn, the building measures approximately 25 by 75 feet on a 25-by-100-foot lot. Its eight-apartment configuration combines existing rental occupancy with two renovated vacant units.
Key Highlights
- Eight three‑bedroom apartments
- Approximately 7,064 square feet of living space
- Two vacant apartments have been gut‑renovated
Property Analytics
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Current Use
Lease Details
8
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two vacant apartments have recently undergone gut renovations, alongside six additional residences generating rental income.
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; Approximately 7,064 square feet of living space; Two vacant apartments have been gut‑renovated
