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448 40th Street, Brooklyn, New York, 11220

$1,650,000

18

Beds

Bathrooms

7,854

Building Sqft

0.08

Acres

3,339

Lot Sqft

About 448 40th Street

Exceptional investment opportunity in the heart of Sunset Park! This well-maintained 6-family brick building (33×68, zoned R6B) features six spacious 3-bed/1-bath units with strong current income of $10,020/month ($120,240/yr) and a 5.1% cap rate at ask. Annual expenses of approximately $37,949 include taxes, insurance, gas, water, and common electric. Building highlights include brand-new 3rd floor windows and a roof approximately 7–8 years old — minimal near-term cap-ex. Conveniently located near the N/D/R trains, shopping, Sunset Park, the waterfront at Industry City and convenient express transit options into Manhattan. A rare opportunity to acquire a high-unit-count asset with a manageable expense ratio and clear “day-one” equity growth potential. Perfect for 1031 exchange buyers or portfolio growth.

Features of 448 40th Street

MLS® #
500433
Bedrooms
18
Acres
0.08
Type
Residential
Price
$1,650,000
Square Footage
7,854
Year Built
1914
Sub-Type
Multi-Family

Community Information

Address
448 40th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11220

Listing Information

Agent Name
Yujie Zhang
Agent Office
Ilite Realty Inc

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(718) 987-7900