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448 40th Street, 
Brooklyn, NY 11220

$1,650,000

18

Beds

7

Baths

7,854

Sq Ft

Multi-Family

Active

Listed by

Yujie Zhang

, 

Ayzik Nasimov

Ilite Realty Inc

, 

1480458

718-975-0555

Last updated:

August 28, 2026, 01:46 PM

MLS#

500433

Source:

BROOKLYN

About This Home

448 40th Street

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.

Home Facts

Multi-Family

7 Baths

18 Bedrooms

Built in 1914

Price Summary

1,650,000

$210 per Sq. Ft.

MLS #:

500433

Last Updated:

August 28, 2026, 01:46 PM

Added:

5 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

18

Bathrooms

Total Bathrooms:

7

Full Bathrooms:

7

Interior

Living Area:

7,854 Sq. Ft.

Structure

Structure

Building Area:

7,854 Sq. Ft.

Year Built:

1914

Lot

Lot Size (Sq. Ft):

3,339

Finances & Disclosures

Finances

Price:

$1,650,000

Price per Sq. Ft:

$210 per Sq. Ft.

Source:BROOKLYN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.