Seller's Agent in 2023
Chris Cavorti
Corcoran Group
(914) 804-7091
2 in this area
94 Total Sales
731 40th St Brooklyn, NY 11232
Sunset Park Neighborhood
6
Beds
4.5
Baths
--
Sq Ft
2,504
Sq Ft Lot Lot
About This Home
As of November 2023Presenting 731 40th Street an exceptional FREE-MARKET 4-Unit Residential Building situated between 7th and 8th Ave; prime location of the thriving neighborhood of Sunset Park. Brooklyn! This outstanding investment opportunity is delivered fully occupied with fantastic income valued at a 5.24% Cap Rate. The property is classified under a favorable Tax Class 2A and projected to increase up to 7.10% Cap Rate.
Set on a spacious 25' x 100', this property boasts two detached buildings with a charming middle courtyard and a rear yard, providing the potential for multiple private outdoor spaces. The 4 units consists of 1 cozy - 1BR/1 Bath unit, 2 - 2BR/1BA units, and lastly an immaculate 1BR/1.5BA Duplex unit. The building can have substantial rent increase with modest capital investment. Maximize the return on the investment by maintaining or increasing the current high cash flow! Inside the units, you will find hardwood flooring, exposed brick, high ceilings, and large windows. Opportunity for laundry and storage for the buildings in the front cellar area.
This property is located in the center of Sunset Park. Easy access into Manhattan with D train only two blocks away. The South Brooklyn Ferry is near-by which make stops at Governors Island, Red Hook, Wall Street in Manhattan and etc. Plethora of local restaurants such as Parlay, Tacos El Bronco, Frying Pan Brooklyn, Table 87, Japan town and small microbrewery in Industry city. You can also get a view of Manhattan Harbor and Status of Liberty from the highest elevated point from the Namesake Park nearby.
Last Agent to Sell the Property
Corcoran Group License #10301206385 Listed on: 06/14/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,488
Year Built
- Built in 1910
Lot Details
- 2,504 Sq Ft Lot
- Lot Dimensions are 100.17x25.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
Eco-Friendly Details
- Green Building
- Smoke Free Home
Utilities
- Window Unit Cooling System
Community Details
- 4 Units
- Sunset Park Subdivision
Listing and Financial Details
- Legal Lot and Block 0054 / 00915
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2023 11/21/23 | Sold | $1,530,000 | -7.3% | -- | |
| 10/17/2023 10/17/23 | Pending | -- | -- | -- | |
| 08/10/2023 08/10/23 | Price Changed | $1,650,000 | -5.7% | -- | |
| 06/14/2023 06/14/23 | For Sale | $1,750,000 | +3.0% | -- | |
| 03/06/2017 03/06/17 | Sold | -- | -- | -- | View Prior Sale |
| 02/04/2017 02/04/17 | Pending | -- | -- | -- | |
| 10/07/2016 10/07/16 | For Sale | $1,699,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Agents Affiliated with this Home
-
Chris Cavorti
-
Marvin Chu
Seller Co-Listing Agent in 2023
Marvin Chu
Corcoran Group
(718) 685-9430
2 in this area
91 Total Sales
-
Andrew Smith
Seller's Agent in 2017
Andrew Smith
Corcoran Group
(929) 420-0162
2 in this area
8 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10919622
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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