448 40th St., Brooklyn, NY 11220
sale
$1,650,000
|
Other
Courtesy Of ILITE REALTY INC
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
- Age: Over 50 Years Old
- Exterior Type: Brick
- Floor Covering: Tile
- Floor Covering: Hardwood
- Floors: 3
- Heating System: Steam
- Heating System: Natural Gas
- MLSID: 11691650
- Roof Type: Asphalt
- Roof Type: Flat
- Roof Type: Tar/Gravel
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
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