832 40Th St, Brooklyn, NY 11232
This exceptional commercial land parcel, located at 832 40th Street in Brooklyn, New York, presents a compelling investment opportunity. The property encompasses a sizable 2,504 square foot lot and features two separate units, ideal for diverse commercial ventures. One unit boasts 1,770 square feet of space, while the second unit offers 1,469 square feet. The total buildable area across both units is 3,239 square feet. The property's zoning allows for a variety of commercial uses, making it suitable for a range of businesses. Annual property taxes for the larger unit are $4,578, while the smaller unit's annual taxes are $3,800. This prime location in the vibrant Kings (Brooklyn) County, with a zip code of 11232, offers excellent accessibility and visibility. The asking price for this exceptional investment property is $1,580,000. The unique configuration of the property, combined with its strategic location and attractive price point, makes this an exceptional opportunity for savvy investors seeking a strong return on their investment. The ceiling height is noted as "Other," requiring further clarification. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.