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448 40th Street
Brooklyn NY 11220 US

$1,650,000

Active Listing ID 500433
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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

$1,650,000

Active Listing ID 500433
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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.

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 7
  • Floor Covering: Hardwood, Laminate, Tile
  • Roof Type: Flat, Asphalt
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1650000
  • unparsedaddress: 448 40th Street
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11220
  • bathroomsfull: 7
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0767
  • lotsizeunits: Acres
  • lotsizearea: 0.0767
  • livingarea: 7854
  • livingareaunits: Square Feet
  • latitude: 40.651218
  • longitude: -74.005791
  • listagentfullname: Yujie Zhang
  • listagentemail: yukierealestate@gmail.com
  • listagentkey: 3yd-BMLSNY-yz0743
  • listagentmlsid: yz0743
  • listagentpreferredphone: (718) 975-0555
  • listagentofficephone: 7189750555
  • listofficekey: 3yd-BMLSNY-117840
  • listofficemlsid: 117840
  • disclaimer: Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BMLSNY
  • yearbuilt: 1914
  • listingcontractdate: 2026-04-14
  • listagenturl: http://www.iliterealty.com
  • countyorparish: Kings (Brooklyn)
  • constructionmaterials: Brick
  • flooring: Hardwood, Laminate, Tile
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Flat, Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: A/C Unit - Window, Refrigerator, Stove, Window Treatments
  • rooms: Bedroom 4, Bedroom 12, Bedroom 6, Bedroom 1, Bedroom 15, Bedroom 10, Bedroom 3, Bedroom 8, Bedroom 13, Bedroom 14, Bathroom 3, Bedroom 9, Bathroom 6, Bathroom 4, Bedroom 17, Bathroom 2, Bathroom 1, Bathroom 7, Bedroom 11, Bedroom 5, Bedroom 18, Bedroom 16, Bathroom 5, Bedroom 7, Bedroom 2
  • basement: Finished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -74.00579, 40.65122
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Ilite Realty Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"yukierealestate@gmail.com", "ListBrokerageCity":"Brooklyn", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Ilite Realty Inc", "ListBrokeragePhone":"(718) 975-0555", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2308 Coney Island Ave 2nd Fl", "ListBrokerageWebsiteUrl":"http://www.iliterealty.com", "ListOfficeAddress1":"179 W End Ave #2A ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"117840", "ListOfficeCity":"Brooklyn", "ListOfficeCountry":"US", "ListOfficeEmail":"igorlibo@iliterealty.com", "ListOfficePostalCode":"11223", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Brooklyn, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/448-40th-St_Brooklyn_NY_11232_M90313-09264?f=listhub&s=BMLSNY&m=500433&c=rexren", "MLSModificationTimestamp":"2026-04-22 08:17:36", "Neighborhoods":[{"Description":null, "Name":"Sunset Park"}], "PostalCode":null, "RoomCount":36, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":17749, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/22/2026 12:35:58 PM GMT
Source Updated Date: 4/27/2026 6:49:05 AM GMT

Courtesy of: Yujie Zhang, Ilite Realty Inc, yukierealestate@gmail.com

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.