448 40th Street
Brooklyn, NY 11220
18
Bed
7
Bath
7,854Sqft
0.08Acre(Lot)
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 p
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 18Bathroom Information
Full Baths: 7Room Information
Rooms Total: 36 Has Basement: Yes Basement: Finished, Full -
Flooring Information
Hardwood, Laminate, Tile -
Roofing Information
Asphalt, Flat -
Interior Features
Roof: Asphalt, Flat Appliances: Gas Water Heater, Refrigerator, Cooktop Window Features: Window Coverings -
Heating & Cooling
Has Heating: Yes Heating: Steam, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1914 Building Area Total: 7854 Construction Materials: Brick Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: 100 x 33 Lot Size Acres: 0.08 Lot Size Square Feet: 3339
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Listing Price Information
Listing Price: $1650000
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Tax Information
Tax Lot: 23 Tax Block: 714 Annual Tax: $17748.6
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Parking Information
Other
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 277 7th Street, Brooklyn, NY, 11220 | $4,200,000 | 42 | 20 | 15,708 | 15,708 SqFt |
| 1433 Bay Ridge Parkway, Brooklyn, NY, 11220 | $1,650,000 | -- | 3 | -- | |
| 766 45th Street, Brooklyn, NY, 11220 | $2,200,000 | 10 | 5 | 2,288 | 2,288 SqFt |
| 827 49th Street, Brooklyn, NY, 11220 | $2,800,000 | 12 | 7 | 5,280 | 5,280 SqFt |
| 819 49th Street, Brooklyn, NY, 11220 | $2,249,000 | 11 | 6 | 5,280 | 5,280 SqFt |
| 775 48th Street, Brooklyn, NY, 11220 | $2,680,000 | 8 | 3 | 3,840 | 3,840 SqFt |
| 855 53rd Street, Brooklyn, NY, 11220 | $1,900,000 | -- | 2 | 2,000 | 2,000 SqFt |
| 853 53rd Street, Brooklyn, NY, 11220 | $1,900,000 | -- | 2 | 2,000 | 2,000 SqFt |
| 865 55th Street, Brooklyn, NY, 11220 | $2,480,000 | 7 | 2.5 | 2,080 | 2,080 SqFt |
| 729 47th Street, Brooklyn, NY, 11220 | $1,680,000 | -- | 2.5 | 2,146 | 2,146 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/07/2026 @ 01:20
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