448 40th St., Brooklyn, NY 11220

Building Details

Year built

1914

Floors in Building

3

Flooring type

Hardwood, Tile

Building materials

Brick

Roof type

Tar/Gravel, Flat, Asphalt

Listing agent Igor Libo

Listing office ILITE REALTY INC 2308 Coney Island Avenue 2nd floor, BROOKLYN, NY Show Phone

Listing date Apr 22, 2026

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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.

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Overview

This well-maintained six-family brick building features six spacious 3-bedroom, 1-bath units within a 33 by 68 building footprint. The property includes brand-new third-floor windows, and the roof is approximately 7–8 years old. Financial highlights referenced by the listing include current income of $10,020 per month ($120,240 per year) with annual expenses of approximately $37,949 covering taxes, insurance, gas, water, and common electric.

Located in Sunset Park, the building is described as convenient to the N/D/R trains, with nearby shopping and access to the Sunset Park waterfront at Industry City. The listing also notes express transit options into Manhattan.

For buyers seeking a small, high-unit-count residential income property, the configuration of six 3-bedroom units may appeal to tenant demand for larger households. The improvements cited in the listing—new third-floor windows and an established roof age—are practical considerations for ongoing ownership and budgeting. The offering is presented as a for-sale multifamily opportunity, including suitability for 1031 exchange buyers, based on the information provided.

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Nursing Home Acupuncture (Bike/Boat/Book/etc) Store Nursing Home Skin Care Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Brooklyn

County

Kings

State

New York

Longitude

-74.005783

Latitude

40.651249

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FAQs

What type of property is this?

Apartment building - Well-maintained brick six-family with newly replaced third-floor windows and a roof from roughly 7–8 years ago.

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: 6‑family brick building built in 1914 with 33x68 dimensions and zoned R6B; Six spacious 3‑bed/1‑bath units with current income of $10,020/month ($120,240/yr); Financial metrics provided: 5.1% cap rate at ask and annual expenses approximately $37,949 (taxes, insurance, gas, water, common electric)