Ad #7807303
MLS #500433
Exceptional investment opportunity in the heart of Sunset Park!
448 40th St, Brooklyn, New York, 11220
$1,650,000
18Beds
7Baths
7,854Sqft
0.077Acres
About this property
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.
Property Features
18 Beds
7 Baths
7,854 Sqft
Built in 1914
0.077 Acres
3 Stories
Siding: Brick
Asphalt, Flat Roof
$17,749 / yr property tax
Kings County
Additional Photos
Contact Information
Yujie Zhang
Ilite Realty Inc
718-975-0555
Location
Listing Agent: Yujie Zhang 718-975-0555
Broker: Ilite Realty Inc 718-975-0555 Listing Site
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.
Broker: Ilite Realty Inc 718-975-0555 Listing Site
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.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,650,000
18
Beds
7
Baths
7,854
Sqft
448 40th St, Brooklyn, New York, 11220
By contacting this agent you agree to these Terms and Conditions.
MLS# 500433
Exceptional investment opportunity in the heart of Sunset Park!
$1,650,000
448 40th St, Brooklyn, New York, 11220
18
Beds
7
Baths
7,854
Sqft
0.077
Acres
$1,650,000
448 40th St, Brooklyn, New York, 11220
18 Beds
7 Baths
7,854 Sqft
0.077 Acres
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 Details
HOME DETAILS
18 Beds
7 Baths
7,854 Sqft
Built in 1914
0.077 Acres
3 Stories
EXTERIOR
Siding: Brick
Asphalt, Flat Roof
FINANCIAL & COMMUNITY
$17,749 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7807303
Viewed
9 times
Listing Status
Active
Added
Jun 13, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
500433
Listing Agent: Yujie Zhang 718-975-0555
Broker: Ilite Realty Inc 718-975-0555 Listing Site
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.
Broker: Ilite Realty Inc 718-975-0555 Listing Site
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.
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