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$1,768,000
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Property 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.
Full Property Details
Full Property Details for 56 Bay 40th St
General
- Price: $1,768,000
- Taxes: $12,822
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1043113
- Updated: 8/25/2026
- Added to Site: 50 day(s) ago
Interior
- Interior Features: First Floor Bedroom
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Attached, Driveway, Private
Location
- County: Kings (Brooklyn)
- Cross Streets: 127 BIRCHWOOD PARK DR
School Information
- High School District: Contact Agent
- Elementary School: Contact Agent
- Middle School: Call Listing Agent
- High School: Contact Agent
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished, Walk-Out Access
- Building Size: 2646
- Square Feet: 2,646
- Year Built: 1924
Lot Features
- Lot Size (Acres): 0.0559
- Lot Size (Sq. Ft.): 2,433
- Lot Dimensions: 25 x 97
Financial Considerations
- Tax Amount: $12,822.68
Disclosures and Reports
- Special Conditions: None
- Property ID: 06867-0062
Listed by SunCity Prop Inc
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Schools
Schools serving 56 Bay 40th St
School District:New York City Geographic School District 21
| Name | Grades | Distance |
|---|---|---|
P.S. 101 the Verrazano 8696 24th Avenue, Brooklyn, NY 11214 | K-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 56 Bay 40th St
Date
Details
Price
Change
Source
8/25/2026
Listed
$1,768,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 56 Bay 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,949
3%
$336,600
20%
2024
$12,536
—
$280,800
-6%
2024
$12,536
8%
$299,160
20%
2023
$11,610
10%
$249,300
-13%
2022
$10,552
8%
$286,650
25%
2021
$9,775
-2%
$229,455
3%
2020
$9,939
3%
$222,750
20%
2019
$9,620
14%
$185,760
160%
2017
$8,416
—
$71,433
8%
2017
$8,416
7%
$66,170
8%
2016
$7,902
—
$61,297
—
2015
$7,897
9%
$61,297
3%
2014
$7,223
6%
$59,330
8%
2013
$6,837
—
$54,949
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 56 Bay 40th St
56 Bay 40th Street, Brooklyn, NY 11214 (MLS# 1043113) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 56 Bay 40th Street is currently listed for $1,768,000 and was received on August 25, 2026. Want to learn more about 56 Bay 40th Street? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

