56 Bay 40th Street , Brooklyn, NY 11214

$1,768,000
  • 56 Bay 40th Street , Brooklyn, NY 11214 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#1043113
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLContact Agent

Property Description

Exceptional opportunity to own a solid brick semi-detached four-family property in the desirable Gravesend/Bath Beach area of Brooklyn. Offering flexibility for both investors and end users, two units are currently vacant, while the remaining two units are occupied by established tenants, providing the option to retain existing rental income or deliver additional space based on the buyer's needs.Situated on an approximately 25' x 97' lot with a building footprint of approximately 21' x 63', the property offers approximately 2,646 square feet of living space and is zoned R5. A rare parking advantage includes a rear two-car garage plus additional parking space for approximately three vehicles total.Conveniently located near the 25th Avenue D train station and the shopping, dining, and everyday conveniences along 86th Street, with easy access throughout Brooklyn and to Manhattan.A versatile four-family property offering strong potential for investment or owner occupancy in a highly convenient Brooklyn location.

56 Bay 40th Street | MLS# 1043113

This multi-family property located at 56 Bay 40th Street , Brooklyn, NY 11214 is currently listed for sale with an asking price of $1,768,000. Bay 40th Street is located within the Contact Agent school district. Search Brooklyn real estate on larrytheodore.cbamhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Garage: 1
Heating: Baseboard, Natural Gas
Lot Size: 0.06 Acres
Taxes: $12,822
Year Built: 1924

Amenities

First Floor Bedroom

Feature Descriptions

Building Area Total: 2646
Cap Rate: 11753
Exterior: Brick
GarageY/N: Yes
Heating Units: 1
Lot Dimensions: 25x97
On Market Date: 2026-08-25
Parcel Number: 06867-0062
Parking Features: Attached, Driveway, Private
Rental Term: Monthly
Separate Electric Meters: 5
Separate Gas Meters: 3
Sewer: Public Sewer
Units: 4
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Water: Public

Local Schools

High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent

Estimate Your Payment

Estimated Payment

$ 10,524.14 per month $8,939.97 Principal & Interest $1,068.50 Property Tax $515.67 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

Listed By / Shown By

Listing By

Agency Name: SunCity Prop Inc
Agency Contact: 646-891-6590

agent picture

Shown By

Agent Name: Larry Theodore
Agent Phone: Cell: (516) 859-8738
Agency Title: Coldwell Banker American Homes

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