448 40th ST, Brooklyn, NY 11220
448 40th ST, Brooklyn, NY 11220
448 40th ST, Brooklyn, NY 11220
448 40th ST, Brooklyn, NY 11220
448 40th ST, Brooklyn, NY 11220
448 40th ST, Brooklyn, NY 11220
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Thomas D’Alcamo

Thomas D’Alcamo

+1(917) 544-9091
$ 1,650,000
Est. payment | /mo

18 Beds

7 Baths

7,854 SqFt

Save
$ 1,650,000
Est. payment | /mo
Save

18 Beds

7 Baths

7,854 SqFt

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

Nearby Locations

Thomas D’Alcamo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 544-9091

thomasdalcamo@gmail.com

7610 13th Ave, Brooklyn, New York, 11228, USA

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448 40th ST