Sunset Park Three-Family Brick
414 48th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
2,700 SFLot size:
0.05 AcresPrice / SF:
$592/SF- Added:
- May 4, 2026
- Days on Market:
- 14
- Last Refresh:
- May 17 at 5:06 am
Property Features for 414 48th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5246
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Ceramic, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Peter Pan License #10401215383 (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date May 4, 2026
MLS# 501143
Listing URL
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.
HighLights
- Prime Sunset Park location, near 4th and 5th Avenue.
- Income‑producing 3‑family brick property with potential for increased income.
- Excellent accessibility to N, R, and D subway lines.
- Flexible tenancy with month‑to‑month leases.
- Approximately 2,700 sq ft of interior space.
- Low annual property taxes (approximately $5,246).
Overview
Located in the heart of Sunset Park, Brooklyn, 414 48th Street is a well-maintained, semi-detached, three-family brick property. Situated between 4th and 5th Avenue, the property offers accessibility and convenience, with proximity to the N, R, and D subway lines, major bus routes, and Industry City. The property features approximately 2,700 square feet of interior space on a 20 x 100 lot. The building contains three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis. The current rent roll reflects stable income, with potential for repositioning or adjustments. Constructed of solid brick, the property includes a full semi-finished basement, offering additional usable space. Heating is gas with steam radiators, and the property includes standard mechanical systems with separate living areas. The annual property taxes are approximately $5,246. This property is ideal for investors looking for long-term hold in a high-demand rental corridor, or for end-users seeking to occupy while maintaining supplemental income. The area is known for strong rental demand, diverse amenities, and continued long-term growth.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$893.2K
NOI $80,392 @ 9.00% cap · cautious / downside scenario
Moderate
$1.15M
NOI $80,392 @ 7.00% cap · market / base-case scenario
Aggressive
$1.61M
NOI $80,392 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $119.9k | $44.40 |
| − Vacancy | −$5.0k | −$1.86 |
| EGI | $114.8k | $42.54 |
| − OpEx | −$34.5k | −$12.76 |
| NOI | $80.4k | $29.77 |
2,700 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,392 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$1.03M
$900.0K – $1.20M
NOI $72,000 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,524 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.011085
- Latitude
- 40.647155
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained, income-producing property in prime Brooklyn location.
Where is this triplex located?
The property is located at 414 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Prime Sunset Park location, near 4th and 5th Avenue.; Income‑producing 3‑family brick property with potential for increased income.; Excellent accessibility to N, R, and D subway lines.
