Sunset Park 6-Family Brick
448 40th St., Brooklyn, NY 11220
- Added:
- Apr 22, 2026
- Days on Market:
- 28
- Last Refresh:
- May 19 at 8:06 am
Property Features for 448 40th St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 4,488 SF
Taxes and HOA fees
- Tax Annual Amount
- 17749
- Expense value
- 17
- Expense
- Home Owner Assessments Fee
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1914
- Year renovated
- 1914
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Asphalt, Flat
- Architectural style
- Other
Listing agent Igor Libo (718) 975-0555
Listing office ILITE REALTY INC 2308 Coney Island Avenue 2nd floor, BROOKLYN, NY (718) 986-4470
Listing date Apr 22, 2026
MLS# 11691650
Listing URL
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.
HighLights
- Strong current income of $10,020/month ($120,240/yr) and a 5.1% cap rate.
- Well‑maintained 6‑family brick building (33x68, zoned R6B) featuring six spacious 3‑bed/1‑bath units.
- Minimal near‑term capital expenditure due to new 3rd floor windows and a relatively new roof (7‑8 years old).
- Convenient location near N/D/R trains, shopping, Sunset Park, and Industry City.
- Manageable expense ratio with annual expenses of approximately $37,949.
- Suitable for 1031 exchange buyers or portfolio growth.
Overview
This well-maintained brick building in Sunset Park features six spacious units, each with 3 bedrooms and 1 bathroom. The building, zoned R6B, measures 33x68. The property generates a current monthly income of $10,020, totaling $120,240 annually, with a 5.1% cap rate at the asking price. Annual expenses are approximately $37,949, covering taxes, insurance, gas, water, and common electric. The building features new 3rd-floor windows and a roof that is approximately 7-8 years old. The property is conveniently located near the N, D, and R trains, shopping areas, Sunset Park, and Industry City's waterfront, offering convenient express transit options into Manhattan. This high-unit-count asset presents an opportunity for equity growth. It is suitable for 1031 exchange buyers or portfolio expansion.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.005783
- Latitude
- 40.651249
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 6-unit building near transit and amenities.
Where is this apartment building located?
The property is located at 448 40th St. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Strong current income of $10,020/month ($120,240/yr) and a 5.1% cap rate.; Well‑maintained 6‑family brick building (33x68, zoned R6B) featuring six spacious 3‑bed/1‑bath units.; Minimal near‑term capital expenditure due to new 3rd floor windows and a relatively new roof (7‑8 years old).
