# 527 40th Street, Brooklyn, NY 11232

> **TL;DR:** 24bd/8ba residential multi family, $1,499,000 ($212/sqft), built 1935, 7,064 sqft.
> Hardwood. Est. $8,017/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,499,000 |
| Price/sqft | $212 |
| Bedrooms | 24 |
| Bathrooms | 8 full |
| Square Feet | 7,064 |
| Year Built | 1935 |
| Lot Size | 2,505 sqft (0.06 acres) |
| Stories | 4 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 21 |

## Why This Home Stands Out

- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $7,580 |
| Estimated Insurance | $437 |
| **Total** | **$8,017** |

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1935
- 0.06 acre lot
- 4 stories

## Description

### Agent Description
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 facade 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!

## Location

- **Address:** 527 40th Street, Brooklyn, NY 11232
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.650383, -74.003551
- **Google Maps:** https://www.google.com/maps?q=40.650383,-74.003551

## Listing Agent

- **Name:** Jason Zhou
- **Brokerage:** Womcore LLC dba Remax Edge
- **Broker Phone:** (718) 612-3088
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/527-40th-St_Brooklyn_NY_11232_M33208-31156?f=listhub&s=BMLSNY&m=505263&c=propsimple)

## Photos

![527 40th Street - Photo 1](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f825086390r.jpg)

![527 40th Street - Photo 2](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f825086390r.jpg)

![527 40th Street - Photo 3](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1099922041r.jpg)

![527 40th Street - Photo 4](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2561088972r.jpg)

![527 40th Street - Photo 5](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3511421497r.jpg)

![527 40th Street - Photo 6](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1949823739r.jpg)

![527 40th Street - Photo 7](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1298457874r.jpg)

![527 40th Street - Photo 8](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2804289874r.jpg)

![527 40th Street - Photo 9](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f141837943r.jpg)

![527 40th Street - Photo 10](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f440784134r.jpg)

![527 40th Street - Photo 11](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f605635785r.jpg)

![527 40th Street - Photo 12](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3285596834r.jpg)

![527 40th Street - Photo 13](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1701476494r.jpg)

![527 40th Street - Photo 14](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3686875139r.jpg)

![527 40th Street - Photo 15](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3416915392r.jpg)

![527 40th Street - Photo 16](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2562441493r.jpg)

![527 40th Street - Photo 17](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2433941487r.jpg)

![527 40th Street - Photo 18](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1937114285r.jpg)

![527 40th Street - Photo 19](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3197593478r.jpg)

![527 40th Street - Photo 20](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1504654746r.jpg)

![527 40th Street - Photo 21](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3168567405r.jpg)

![527 40th Street - Photo 22](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f318784120r.jpg)

![527 40th Street - Photo 23](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2083055263r.jpg)

![527 40th Street - Photo 24](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f67206922r.jpg)

![527 40th Street - Photo 25](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f1284106745r.jpg)

![527 40th Street - Photo 26](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3175987787r.jpg)

![527 40th Street - Photo 27](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f979501009r.jpg)

![527 40th Street - Photo 28](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f3675328803r.jpg)

![527 40th Street - Photo 29](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f4264330398r.jpg)

![527 40th Street - Photo 30](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f2026007287r.jpg)

![527 40th Street - Photo 31](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f322574316r.jpg)

![527 40th Street - Photo 32](http://lh.rdcpix.com/67406e5f38f6e9c01bdf05c5f8edc8e7l-f419492066r.jpg)

---

**MLS#:** 505263 | **Updated:** 2026-10-29
**Source:** listhub

*Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/527-40th-street-brooklyn-ny-11232-af9820e26c4b433bae1e48d1558552e8)

---

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