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448 40th Street, Brooklyn, NY 11220

Brooklyn
Local realty services provided by:CENTURY 21 Homefront
448 40th Street,Brooklyn, NY 11220
$1,550,000
  • 18 Beds
  • 7 Baths
  • 7,854 sq. ft.
  • Multi-family
  • Active
Listed by: yujie zhang, ayzik nasimov
Office: ilite realty inc
MLS#:500433
Source:BROOKLYN

Price summary

  • Price:$1,550,000
  • Price per sq. ft.:$197.35

About this home

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.

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Home facts

  • Year built:1914
  • Listing ID #:500433
  • Added:178 day(s) ago
  • Updated:October 09, 2026 at 11:32 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:36
  • Flooring:Hardwood, Laminate, Tile
  • Bathrooms Description:2 Bathroom(s) on Level 1, 2 Bathroom(s) on Level 2, 2 Bathroom(s) on Level 3
  • Kitchen Description:Refrigerator, Stove
  • Bedroom Description:6 Bedroom(s) on Level 1, 6 Bedroom(s) on Level 2, 6 Bedroom(s) on Level 3
  • Basement Description:Finished, Full, Separate Entrance
  • Living area:7,854 sq. ft.

Heating and cooling

  • Heating:Gas, Steam/Radiator

Structure and exterior

  • Roof:Asphalt/Tar, Flat
  • Year built:1914
  • Building area:7,854 sq. ft.
  • Lot area:0.08 Acres
  • Construction Materials:Brick
  • Exterior Features:Back Yard, Fenced - Full, Front Yard
  • Foundation Description:Block
  • Levels:3 Stories

Finances and disclosures

  • Price:$1,550,000
  • Price per sq. ft.:$197.35

Features and amenities

  • Amenities:Window Treatments
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