448 40th St., Brooklyn, NY 11220

$1,650,000
Active for Sale
 
Listing ID 11691650
Property Type Multi-Unit (5+)
County Kings
Township Kings
Neighborhood Sunset Park
Total Tax $17,749
FEMA Flood Map fema.gov/portal
Year Built 1914
Virtual Tour
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.
Property Details
  • 7 Full Baths
  • 4488 SF (AG)
  • 2244 SF (BG)
  • 5610 SF (Total)
  • Built in 1914
  • 3 Stories
  • Available 4/14/2026
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Unit Count: 1
Unit #2 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Unit Count: 2
Unit #3 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 3
Unit #4 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 4
Unit #5 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 5
Unit #6 – Gross Area: 1122, Bedrooms: 3, Full Baths: 1, Occupied, Unit Count: 6
Interior Features
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Steam Radiators
  • Gas Fuel
  • Natural Gas Avail
Exterior Features
  • Masonry - Brick Construction
  • Brick Siding
  • Asphalt Shingles Roof
  • Tar Roof
  • Flat Roof
Income/Expenses
  • Gross Income $108,240
  • Operating Exp $37,949
  • Insurance Exp $5,500
  • Heat Exp $6,000
  • Electric Exp $1,200
  • Water Exp $7,500
  • Paid by Landlord: Heat, Water, Insurance
Taxes and Fees
  • $17,749 Total Tax
  • $17 per month Maintenance
Listed By
ILITE REALTY INC
Office: 718-975-0555
Mobile: 917-658-1716
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 6 minus 5?