About This Home
This 0-bedroom, 7-bathroom commercial at 448 40th St. in Brooklyn, NY is listed for $1,650,000 ($294 per sqft). Built in 1914, the home offers 5,610 sqft of living space on a N/A lot.
Key Features
- Built in 1914
- 3 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$8,842/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
448 40th St.
Brooklyn, NY 11220
Sunset Park
Property Details
Flooring
Construction
Heating
Questions & Answers
This 0-bedroom, 7-bathroom commercial at 448 40th St. is listed at $1,650,000 ($294/sqft). The estimated monthly payment is $8,841 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.
HOA fees are $17/month.
Key features include: Built in 1914, 3 stories.
This property is listed by Igor Libo.
Igor Libo
Agent at ILITE REALTY INC