Under Contract
$1,499,999
517 40 Street, Brooklyn, NY 11232
8 beds 3 baths 2,700 sq ft
Photos
1 / 341 / 3452 days on market · Listed April 24, 2026
Fabulous opportunity to own this multi-family brick home on a beautiful tree-lined street in the convenient Sunset Park neighborhood of Brooklyn. Ideal for investors or families seeking versatile living space.The property suits multi-generational households or those looking for rental income. Located close to shopping, public transportation, and restaurants. The home has been modified over the years to accommodate comfortable household living. The garden level includes a large living room, a bedroom, a newer eat-in kitchen with rear yard access, a three-quarter bath, and entry to a full partially finished basement with additional rooms. The second floor features three bedrooms, a three-quarter bath, and an open-concept living room/kitchen. The third floor boasts four bedrooms, a living room, a kitchen, and a full bath. Ceramic and hardwood flooring run throughout, and the basement provides extra storage or additional living space as needed. The rear yard is perfect for entertaining, and with a building size of 20x45 across three stories (plus the basement), the possibilities are endless. The first floor which has access to the yard and basement is currently not rented. No c/o. Modifications have been made to accommodate multigenerational living. Tax records indicate 3 units. Call today to schedule your showing!
517 40 Street is a 8-bedroom, 3-bathroom multi-family home for sale in Sunset Park, Brooklyn, NY. It offers approximately 2,700 square feet of living space and was built in 1915. It is offered at $1,499,999, MLS# 2504845.
Inside, 517 40 Street features a three Or More layout, a full and Partially Finished basement, natural Gas and Hot Water heat and none cooling. Other interior highlights include ceiling Fan(s). For parking, the property offers off Street. It sits on a lot of roughly 2,003 square feet (about 0.05 acres).
Sunset Park offers convenient access to shopping, schools, parks, dining, and everyday essentials. Annual property taxes are approximately $6,286. To tour 517 40 Street in Sunset Park, contact Neuhaus Realty — Staten Island's #1 real estate agency since 1969 — to schedule a private showing.
MLS# 2504845. Listing courtesy of Safari Realty. Listing information is provided by the Staten Island Multiple Listing Service, Inc. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2027 | $6,286 | $68,460+21.6% |
| 2026 | — | $56,280-15.0% |
| 2025 | — | $66,180-16.3% |
| 2024 | — | $79,080+10.5% |
Assessment history from the NYC Department of Finance. Property tax figure from the listing; amounts may vary with exemptions and abatements.
