56 Bay 40th StreetBrooklyn, NY 11214

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.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1924

Building area

2,646 Sq Ft

Lot size

0.06 acres

Lot dimensions

25x97

Garage spaces

1

Days on market

80

MLS^® Listing#

1043113

Property Features

Cooling

Wall/Window Unit(s)

Heating

Baseboard · Natural Gas

Basement

Finished · Walk-Out Access

Parking

Attached · Driveway · Private

Construction

Brick

Utilities

Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected · Sewer Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Contact Agent

Middle

Call Listing Agent

High

Contact Agent

Financial Details

Annual taxes

$12,823

Assessed value

$336,600

Parcel number

06867-0062