56 Bay 40th St Brooklyn, NY 11214
Gravesend NeighborhoodEstimated payment $10,339/month
Highlights
- Tile Flooring
- 3-minute walk to 25 Avenue
- Hot Water Heating System
- P.S. 101 the Verrazano Rated A
- Multiple cooling system units
About This Home
Introducing a great opportunity to own this wonderful asset in Bath Beach, Brooklyn near the prime location of bustling 86th Street, right by the 25th Ave D train station. This all brick semi-attached 4-family property has been thoughtfully laid out for both investment income and personal residence. 21 x 63 building sitting on a 25 x 97 lot. The first-floor unit is currently vacant, featuring 3 generously sized bedrooms, open concept living/dining/kitchen combo, 1 full bath, spacious storage closet, plenty of natural light. Lower-level unit is vacant, consist of 2 bedrooms, open concept living/dining/kitchen combo, 1 full bath, with access to utility room and 2-car garage. The second-floor features 2 units currently tenant occupied. The front unit is 1 bedroom 1 full bath, while the rear unit is 2 bedrooms 1 full bath. 8 feet shared driveway leads you to the 2-car garage in the back of the property, plus an additional parking spot, accommodating 3 parking's in total. Enjoy the convenience of close proximity to local shopping, dining and public transportation. Don't miss this gem, call today for your private tour!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,536
Year Built
- Built in 1924
Lot Details
- 2,433 Sq Ft Lot
- Lot Dimensions are 97 x 25
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,646 Sq Ft Home
- 2-Story Property
- Stove
Flooring
- Laminate
- Stone
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Parking Spaces
- Shared Driveway
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6867
Community Details
Overview
- 4 Units
Building Details
- 2 Vacant Units
- Fuel Expense $1,000
- Utility Expense $850
- Gross Income $118,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,536 | $280,800 | $71,550 | $209,250 |
| 2024 | $12,536 | $299,160 | $71,550 | $227,610 |
| 2023 | $11,392 | $249,300 | $71,550 | $177,750 |
| 2022 | $10,499 | $286,650 | $71,550 | $215,100 |
| 2021 | $9,612 | $229,455 | $71,550 | $157,905 |
| 2020 | $9,869 | $222,750 | $71,550 | $151,200 |
| 2019 | $9,651 | $185,760 | $71,550 | $114,210 |
| 2018 | $9,086 | $71,433 | $33,017 | $38,416 |
| 2017 | $8,416 | $66,170 | $32,372 | $33,798 |
| 2016 | $7,902 | $61,297 | $37,485 | $23,812 |
| 2015 | $5,128 | $61,297 | $44,913 | $16,384 |
| 2014 | $5,128 | $59,330 | $43,472 | $15,858 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | Price Changed | $1,765,000 | -1.3% | $667 / Sq Ft |
| 03/10/2026 03/10/26 | For Sale | $1,788,888 | -- | $676 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 499501
APN: 06867-0062
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Ask me questions while you tour the home.