
Courtesy of: Yujie Zhang, Ilite Realty Inc, yukierealestate@gmail.com
$1,650,000
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18 bed
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7.00 Bath (7 Full)
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Lot: 0.08 Acres
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Other
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$1,650,000
448 40th Street 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.
Courtesy of: Yujie Zhang, Ilite Realty Inc, yukierealestate@gmail.com
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