Buy with Yoreevo
$2,979,010
List Price: $2,999,000
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754 40th Street
House in Sunset Park •  building info
16bd • 8ba • 2,504ft² $1,198 per ft²
Buy with Yoreevo

$2,979,010

List Price

$2,999,000

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Key Details
Days on market
136
Last price change
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Estimated payment
$18,711
Taxes
$1,205
Monthly maintenance
N/A
Description
Introducing a prime investment opportunity in the heart of Sunset Park - an impressive 8-family brick house spanning 4 stories over a full and finished basement. This property features a total of 8 units, with 2 units situated on each floor. The first floor and basement are thoughtfully configured as two duplex units, each boasting 2 bedrooms, 1 bathroom, a spacious living room, a well-equipped kitchen, and a dedicated dining area. Remarkably, the basement stands out with its high 8.5-foot ceilings, providing an expansive and comfortable living space. Adding to the allure, the 4 units on the 3rd and 4th floors feature charming balconies, offering residents a private outdoor retreat. The roof is fenced for security and privacy, enhancing the overall appeal of the property. The building is equipped with 8 boilers, 8 water heaters, 8 gas meters, and 9 electric meters ensuring efficient and individualized control for each unit. Building size 25*60 over Lot 25*100. Annual property tax of $14,465. Total annual income is $210,912 and total expenses are $26,500. Net income $184,412. This property is positioned near 8th avenue Chinatown, providing easy access to shops, restaurants, banks, and more amenities. Public transport nearby (D, R, N Train and B35, B70 Buses) Don't miss the opportunity to acquire this well-maintained and income-generating asset in the vibrant Sunset Park neighborhood.

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Important Stuff
Pets allowed
Listing Amenities
Hardwood floors
Building Amenities
Fios Available
Parking Available
Outdoor Space
Balcony
Building info

History
What it'll cost
Purchase price
$2,999,000
Asking Price: $2,999,000
Term
30 Years
Down Payment
$299,000 (10%)
Min: 10% (299,000)
Rate
6.75 %
Mortgage Amount
$2,699,100
Mortgage Payment
$17,506
Taxes
$1,205
Estimated Yoreevo rebate
$19,990
Estimated closing cost
$108,000
Total monthly cost $18,711
Buy your dream home with us and get an estimated
$19,990 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of RE/MAX Edge

Information ©2024, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.