448 40th Street, Brooklyn, NY 11220
Kings County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1914
Stories
3
Living Area
7,854 sq ft
Lot Size
0.08 acres
Lot Dimensions
100 x 33
Zoning
R6B
Days on Market
8
MLS® Listing#
500433
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Fencing
Construction
Foundation
Roof
Windows
Financial Details
Annual Taxes
$17,749
Affordability Calculator
$330,000
Estimated monthly payment
$8,782/mo
Principal $1,320,000 · Est. interest $1,841,517 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $990,777
- Median Listing Price
- 82
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,908
- Active Listings
- This home’s price is 67% above the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
I.S. 136
Secondary · 0.1 mi away
PS 24
Elementary · 0.1 mi away
Sunset Park Prep
Secondary · 0.1 mi away
Sunset Park Avenues Elementary School
Elementary · 0.2 mi away
PS 371 Lillian L Rashkis
Secondary · 0.2 mi away
PS 958
Elementary · 0.2 mi away
Early Childhood Center
School · 0.3 mi away
Sunset Park High School
Secondary · 0.3 mi away
Sunset Park Children's School
School · 0.3 mi away
P. S. 1 the Bergen
Elementary · 0.4 mi away
PS 169 Sunset Park
Elementary · 0.4 mi away
PS 172
Elementary · 0.5 mi away
PS 94 the Henry Longfellow School
Elementary · 0.6 mi away
PS 896 Brooklyn
Elementary · 0.6 mi away
Brooklyn Rise Charter School
School · 0.6 mi away
Al Madrasa al Islamiya
Secondary · 0.7 mi away
Leep Dual Language Academy
School · 0.7 mi away
Tomer Dvora School for Girls
Elementary · 0.7 mi away
Salam School
Secondary · 0.7 mi away
Is 220 JHS
Secondary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 463 52nd Street, Brooklyn, NY | $1,250,000 | 18 | — | 5,250 |
| 771 East 9th Street, Brooklyn, NY | $1,299,000 | 17 | — | 5,000 |
| 5411 4th Avenue, Brooklyn, NY | $1,299,999 | 18 | — | — |
| 735 Knickerbocker Avenue, Brooklyn, NY | $1,495,000 | 18 | 7 | 6,864 |
| 355 58th Street, Brooklyn, NY | $1,850,000 | 24 | — | 6,916 |
| 1565 70th Street, Brooklyn, NY | $1,988,000 | 18 | — | 4,680 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Ilite Realty Inc - 7189750555
Fair Housing NoticeLast Updated: 2026-04-14