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448 40th St.
Brooklyn NY 11220 US

$1,650,000

Active Listing ID 11691650
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7.00 Bath (7 Full)
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Other

$1,650,000

Active Listing ID 11691650
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448 40th St. 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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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 7
  • Floor Covering: Hardwood, Tile
  • Roof Type: Asphalt, Flat
  • Heating Fuels: Natural Gas, Steam

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1650000
  • unparsedaddress: 448 40th St.
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11220
  • bathroomsfull: 7
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 4488
  • livingareaunits: Square Feet
  • latitude: 40.651249
  • longitude: -74.005783
  • listagentfullname: Igor Libo
  • listagentemail: sales@iliterealty.com
  • listagentkey: 3yd-NYSMLS-115462
  • listagentmlsid: 115462
  • listagentpreferredphone: 7189750555
  • listagentofficephone: 7189864470
  • listofficekey: 3yd-NYSMLS-10097
  • listofficemlsid: 10097
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1914
  • yearbuilteffective: 1914
  • listingcontractdate: 2026-04-22
  • countyorparish: Kings
  • constructionmaterials: Brick
  • flooring: Hardwood, Tile
  • heating: Natural Gas, Steam
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Asphalt, Flat
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.00578, 40.65125
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"ILITE REALTY INC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[{"ExpenseCategory":"Home Owner Assessments Fee", "ExpenseFrequency":null, "ExpenseValue":17}], "GeocodeOptions":null, "LeadRoutingEmail":"sales@iliterealty.com", "ListBrokerageCity":"BROOKLYN", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"ILITE REALTY INC", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2308 Coney Island Avenue 2nd floor", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2308 Coney Island Avenue 2nd floor", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"BROOKLYN", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"11223", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit (5+) - Brooklyn, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/448-40th-St_Brooklyn_NY_11232_M97297-16225?f=listhub&s=NYSMLS&m=11691650&c=rexren", "MLSModificationTimestamp":"2026-05-18T14:03:23Z", "Neighborhoods":[{"Description":null, "Name":"Sunset Park"}], "PostalCode":null, "RawPropertySubType":"Multi-Unit (5+)", "RawPropertyType":"Multi-Unit (5+)", "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":17749, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/18/2026 5:06:29 PM GMT
Source Updated Date: 5/19/2026 12:54:46 PM GMT

Courtesy of: Igor Libo, ILITE REALTY INC, sales@iliterealty.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.