$1,650,000

448 40th St., Brooklyn NY, 11220

Price per sqft$294.12

Built in1914

Property size5,610 sqft

Property typeCommercial

Overview

Active

Updated 10 days ago

Exceptional investment opportunity in the heart of Sunset Park! This well-maintained 6-family brick building (33x68, 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.

Additional information

MLS^® ID: 11691650
Available since: April 14, 2026

Interior Features

Bedrooms: 0
Bathrooms: 7
Heating: Yes
Basement: Yes

Other Property Details

Taxes: $17,749
Tax Frequency: Annually

Courtesy of ILITE REALTY INC with ,
Listing Contact:

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