448 40th Street, Brooklyn, New York 11220
- $1,650,000
- 18
- BD
- 7,854
- SqFt
- List Price
- $1,650,000
- Status
- ACTIVE
- Days on Market
- 150
- MLS#
- 500433
- Year Built
- 1914
- Bedrooms
- 18
- Full Baths
- 7
- Living Area
- 7,854
- Lot Size
- 3,339
- MLS Area Major
- Sunset Park
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.
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Additional Information
- Taxes
- $17,748
- Financing
- 1031 Exchange, Bank Mortgage, Cash
- Zoning
- R6B
- Flooring
- Hardwood, Laminate, Tile
- Heating
- Gas
- Exterior Features
- Brick
- Stories
- 3
- Roof
- Asphalt/Tar, Flat
- Foundation
- Block
Mortgage Calculator
Courtesy Of Ilite Realty Inc