527 40th Street, Brooklyn, NY 11232

Brooklyn
Local realty services provided by:ERA Top Service Realty
527 40th Street,Brooklyn, NY 11232
$1,499,000
  • 24 Beds
  • 8 Baths
  • 7,064 sq. ft.
  • Multi-family
  • Active
Listed by: jason zhou
Office: re/max edge
MLS#:505263
Source:BROOKLYN

Price summary

  • Price:$1,499,000
  • Price per sq. ft.:$212.2

About this home

Exceptional investment and owner-occupant opportunity in prime Sunset Park! This oversized 8-family brick building offers approximately 7,064 sqft of living space and features 8 three-bedroom apartments, including 2 currently vacant units that have recently been gut-renovated. Measuring approximately 25×75 feet on a 25×100-foot lot, the property offers 4 stories over a basement with a separate front entrance. Bright interiors, newly renovated living spaces in the vacant units, and a classic brick façade add to its appeal. Approximate annual income is $165,000, with potential to increase to $178,000, and current annual net operating income is approximately $94,000, offering an approximately 6% cap rate. With existing rental income, growth potential, and flexibility for an owner-occupant, this property is an opportunity you won’t want to miss. Won't Last!

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Home facts

  • Year built:1935
  • Listing ID #:505263
  • Added:1 day(s) ago
  • Updated:October 12, 2026 at 08:54 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:40
  • Flooring:Hardwood, Laminate, Tile
  • Kitchen Description:Refrigerator, Stove
  • Basement Description:Full, Separate Entrance
  • Living area:7,064 sq. ft.

Heating and cooling

  • Heating:Oil, Steam/Radiator

Structure and exterior

  • Roof:Flat
  • Year built:1935
  • Building area:7,064 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Brick
  • Exterior Features:Back Yard, Front Yard
  • Foundation Description:Poured Concrete
  • Levels:4 Stories

Finances and disclosures

  • Price:$1,499,000
  • Price per sq. ft.:$212.2

Features and amenities

  • Amenities:Circuit Breakers
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