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Sunset Park 6-Family Brick Building

448 40th Street, Brooklyn, NY 11220

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For Sale

$1,650,000

MULTI_FAMILY - Brooklyn, NY

Property size:

7,854 SF

Lot size:

0.08 Acres

Price / SF:

$210/SF

HighLights

6‑family brick building built in 1914 with 3‑bed/1‑bath units
Building dimensions 33x68; zoned R6B
Current income of $10,020/month ($120,240/year) with a 5.1% cap rate at ask
Annual expenses of approximately $37,949 (taxes, insurance, gas, water, and common electric)
Roof is approximately 7–8 years old; brand‑new 3rd‑floor windows
Interior features include window A/C units, refrigerator, stove, and window treatments; hardwood, tile, and laminate flooring

We can help!

Listing Contact

Yujie Zhang

For Sale

$1,650,000

MULTI_FAMILY - Brooklyn, NY

Property size:

7,854 SF

Lot size:

0.08 Acres

Price / SF:

$210/SF

Added:: Apr 14, 2026
Days on Market:: 67
Last Refresh:: Jun 19 at 8:06 pm

Property Features for 448 40th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R6B
Bedrooms: 18
Bathrooms: 7
Rooms: Bedroom 7, Bedroom 6, Bedroom 2, Bathroom 6, Bathroom 7, Bedroom 17, Bedroom 9, Bedroom 10, Bedroom 1, Bedroom 15, Bathroom 3, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 18, Bedroom 11, Bedroom 16, Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 14, Bedroom 13, Bedroom 12
Interior features: A/C Unit - Window, Refrigerator, Stove, Window Treatments
Basement: Finished, Full
Standard status: Active
Size: 7,854 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Annual Amount: 17749

Building Details

Year built: 1914
Floors in Building: 3
Number of units: 6
Flooring type: Tile, Hardwood, Laminate
Building materials: Brick
Roof type: Flat, Asphalt

We can help!

Listing Contact

Yujie Zhang

Listing agent Yujie Zhang

Listing office Ilite Realty Inc 179 W End Ave #2A, Brooklyn, NY

Listing date Apr 14, 2026

MLS# 500433 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

6‑family brick building built in 1914 with 3‑bed/1‑bath units
Building dimensions 33x68; zoned R6B
Current income of $10,020/month ($120,240/year) with a 5.1% cap rate at ask
Annual expenses of approximately $37,949 (taxes, insurance, gas, water, and common electric)
Roof is approximately 7–8 years old; brand‑new 3rd‑floor windows
Interior features include window A/C units, refrigerator, stove, and window treatments; hardwood, tile, and laminate flooring

Overview

This well-maintained 6-family brick building is located in Sunset Park. The building, zoned R6B, measures 33x68. It features six spacious 3-bed/1-bath units. The property generates a current income of $10,020 per month, which is $120,240 per year, with a 5.1% cap rate at the asking price. Annual expenses are approximately $37,949, including taxes, insurance, gas, water, and common electric. Building highlights include new 3rd-floor windows and a roof approximately 7-8 years old. The property is conveniently located near the N/D/R trains, shopping, Sunset Park, the waterfront at Industry City, and express transit options into Manhattan. The property is suitable for 1031 exchange buyers or portfolio growth.

Property Profile Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -74.005791
Latitude: 40.651218

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For sale
Apartment buildings
NY
Brooklyn
11220
448 40th Street

What type of property is this?

Apartment building - Well-maintained 6-family building near trains, shopping, and Sunset Park.

Where is this apartment building located?

The property is located at 448 40th Street 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: 6‑family brick building built in 1914 with 3‑bed/1‑bath units; Building dimensions 33x68; zoned R6B; Current income of $10,020/month ($120,240/year) with a 5.1% cap rate at ask

448 40th Street, Brooklyn, NY 11220

MULTI_FAMILY - Brooklyn, NY

Property Features for 448 40th Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

First-Floor and Cellar Commercial Condo

NNN Retail Strip with Parking

Corner Medical Suite with Private Entrance

Turn-Key Supermarket Business Opportunity

Established Supermarket Business For Sale

Brooklyn Mixed-Use Investment Opportunity

Incomplete Renovation Church Conversion

Luxury Atelier & Designer Showroom

Prime Kings Highway Commercial Unit

Automotive Repair Facility

Prime Corner Commercial Brooklyn Building

Three-Story Retail Storefront Building

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