$1,530,000
731 40TH Street #NA
MLS® #RLS10919622
Listing by Corcoran Group
6
Bedrooms
5.5
Baths
N/A
Sq. Ft.
1910
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Window Units
- Character: Pre-war building (1910)
Property Details
Description
Presenting 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.
Features & Amenities
Interior Features
Building Amenities
Building Information
Financial Details
About Sunset Park
View All Sunset Park ListingsSunset Park features four landmarked historic districts of Italianate, Neo-Grec, and Romanesque Revival brick and brownstone rowhouses climbing the hillside between Fourth and Eighth Avenues in western Brooklyn. The namesake hilltop park offers panoramic Manhattan skyline views and a 1936 neoclassical public pool, while the commercial corridors along Fifth Avenue and Eighth Avenue anchor the neighborhood. The D train at Ninth Avenue, N/R at 36th-45th-53rd Streets provide multiple subway connections to Manhattan.
Sunset Park Live Market Data
View NeighborhoodActive Listings
6
Median Asking Price
$697K
Median $/Sqft
$718
Avg Days on Market
N/A
New This Week
1
Price Reduced
33%
Sold (30 Days)
2
Median Sale Price
$750K
Live data from RLS at REBNY • Updated 3/23/26, 9:59 AM EST
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Location
731 40TH Street #NA, Sunset Park, Kings County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Corcoran Group - Christopher Cavorti
Listing Contact: (914) 804-7091
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RLS Data display by Keller Williams NYC. Data last updated on 3/23/2026 at 1:59 PM UTC