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$ 1,650,000
Est. payment /mo
Active
448 40th ST Brooklyn, NY 11220
18 Beds
7 Baths
7,854 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,854 sqft
Price per Sqft $210
MLS Listing ID 500433
Bedrooms 18
Full Baths 7
Year Built 1914
Annual Tax Amount $17,748
Property Sub-Type Multi-Family
Property Description
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.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6B
Rooms
Basement Finished, Full, Separate Entrance
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Asphalt/Tar,Flat
Handicap Access No
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ilite Realty Inc