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  • 448 40th Street
  • $ 1,650,000
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220

448 40th Street

Sunset Park   |   4th Ave. & 5th Av

Building For Sale
$ 1,650,000
Ownership Multi-Family
Lot Size 33'x100'
Status Active
Real Estate Taxes [Per Annum] $ 17,749
Building Size 33'x68'
Year Built 1914
ASF/ASM 7,854/730
 

Photos

448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
448 40th Street Sunset Park Brooklyn NY 11220

Property Description

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.
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.

Listing Courtesy of Ilite Realty Inc

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

A/C [Window Units]
Exposed Bricks
Hardwood Floors
Private Entrance
448 40th Street Sunset Park Brooklyn NY 11220
448 40th Street Sunset Park Brooklyn NY 11220

Building Details [448 40th Street]

Ownership Multi-Family
Block/Lot 714/23
Building Size 33'x68'
Zoning R6B
Year Built 1914
Floors 3
Lot Size 33'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 500433