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56 Bay 40th StreetBrooklyn, NY 11214

For Sale

$1,768,000

Smart Buyer Rebate $22,100

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.

Listed by Fay Huang

·

SunCity Prop Inc

·

646-891-6590

Listed by Wilson Cheng

·

SunCity Prop Inc

Last updated August 26, 2026

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Source: OneKey #1043113

Listing Facts

  • TypeMulti-family
  • NeighborhoodGravesend
  • Days on Prevu21
  • Taxes$12,822.68/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

08/25/2026
Listed by SunCity Prop Inc
$1,768,000
  1. 08/25/2026$1,768,000
    Listed by SunCity Prop Inc

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$17,680
Title Insurance
$7,956
Bank Attorney
$1,500
Mortgage Recording Tax
$27,227
Other Closing Costs
$4,000
Total
$62,363

Estimated closing costs are based on the list price of $1,768,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 56 Bay 40th Street

Exterior

Construction

  • Number Of Units Total: 4
  • Year Built: 1924
  • Construction Materials: Brick

Measurements

  • Building Area Total: 2,646
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Dimensions: 2,597
  • Lot Size Square Feet: 2,433

Financial

Residential Income

  • Cap Rate: 11753.0

Taxes

  • Parcel Number: 06867-0062
  • Tax Annual Amount: $12,822.68
  • Tax Assessed Value: $336,600.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: First Floor Bedroom

Rooms

  • Basement: Finished, Walk-Out Access
  • Has Basement: Yes

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Attached, Driveway, Private

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Contact Agent
  • High School District: Contact Agent

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 56 Bay 40th Street.

What schools are nearby to 56 Bay 40th Street?

Nearby schools include the Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School.

Does this multi-family home have parking?

Yes, there is 1 parking space available for 56 Bay 40th Street.

What are the annual taxes for 56 Bay 40th Street?

Annual taxes for this multi-family home are estimated at $12,822.

How does 56 Bay 40th Street compare to other multi-family homes in Gravesend?

This multi-family home is listed 11% above the average price for multi-family homes in Gravesend and has been on the market for 52 less days than the typical home in this area.

56 Bay 40th Street is a -bedroom multi-family home for sale in Brooklyn NY 11214. Available on Prevu for 21 days at $1,768,000. This property is located in Gravesend. The median listing price for multi-family homes in this area is $1,034,444. Nearby schools include Contact Agent Elementary School, Call Listing Agent Middle School, and Contact Agent High School. Additional amenities include parking. Browse more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.