About 448 40th
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.
Features of 448 40th
| MLS® # | 500433 |
|---|---|
| Price | $1,550,000 |
| Bedrooms | 18 |
| Bathrooms | 0.00 |
| Full Baths | 7 |
| Square Footage | 7,854 |
| Year Built | 1914 |
| Type | Multi-Family |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 448 40th |
|---|---|
| Area | Sunset Park |
| City | Brooklyn |
| County | Kings (Brooklyn) |
| State | New York |
| Zip Code | 11220 |
Amenities
| Amenities | NONE |
|---|---|
| Features | A/C Unit - Window, Other, Refrigerator, Stove, Window Treatments |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Tile |
|---|---|
| Appliances | Refrigerator, Stove |
| Heating | Steam/Radiator |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Finished, Full, Separate Entrance |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Flat, Asphalt/Tar |
| Construction | Brick |
| Foundation | Block |
Additional Information
| Date Listed | April 14th, 2026 |
|---|---|
| Days on Market | 161 |
| Zoning | R6B |
| Tax | $17,749 |