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Listed price in listed location currency (USD).
$1,650,000

1870

MLS® 500433

Overview

Key Facts

Type Multi Family
Levels Residential
Size 7854 sqft
Garage 
Taxes $17,748
Days Active 0
Lot Size 
Approx. Age 1914
Avg. Price Per Sqft $210
MLS® Number 500433

Property Address: 448 40th Street, Brooklyn, NY, 11220

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number500433
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1914
BasementFinished, Full, Separate Entrance
DrivewayOther
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 14, 2026List Date
$1,650,000List Price

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