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527 40th Street, 
Brooklyn, NY 11232

$1,499,000


24

Beds


8

Baths


7,064

Sq Ft


Multi-Family

Active

Listed by

Jason Zhou

RE/MAX Edge

718-612-3088

Last updated:

October 12, 2026, 08:54 PM

MLS#

505263

Source:

BROOKLYN

About This Home

527 40th Street

Exceptional investment and owner-occupant opportunity in prime Sunset Park! This oversized 8-family brick building offers approximately 7,064 sqft of living space and features 8 three-bedroom apartments, including 2 currently vacant units that have recently been gut-renovated. Measuring approximately 25×75 feet on a 25×100-foot lot, the property offers 4 stories over a basement with a separate front entrance. Bright interiors, newly renovated living spaces in the vacant units, and a classic brick façade add to its appeal. Approximate annual income is $165,000, with potential to increase to $178,000, and current annual net operating income is approximately $94,000, offering an approximately 6% cap rate. With existing rental income, growth potential, and flexibility for an owner-occupant, this property is an opportunity you won’t want to miss. Won't Last!

Home Facts

Multi-Family

8 Baths

24 Bedrooms

Built in 1935

Price Summary

1,499,000

$212 per Sq. Ft.

MLS #:

505263

Last Updated:

October 12, 2026, 08:54 PM

Added:

19 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

24

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

7,064 Sq. Ft.


Structure

Structure

Building Area:

7,064 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

2,504


Finances & Disclosures

Finances

Price:

$1,499,000

Price per Sq. Ft:

$212 per Sq. Ft.

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.