# 448 40th St., Brooklyn, NY 11220

> **TL;DR:** 0bd/7ba residential multi family, $1,650,000 ($368/sqft), built 1914, 4,488 sqft.
> Hardwood, Basement. Est. $7,150/mo. Listed 40 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,650,000 |
| Price/sqft | $368 |
| Bathrooms | 7 full |
| Square Feet | 4,488 |
| Year Built | 1914 |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 40 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,150 |
| **Total** | **$7,150** |

## Key Amenities

- Hardwood
- Basement

## Property Highlights

- Built in 1914
- 3 stories

## Description

### Agent 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

- **Address:** 448 40th St., Brooklyn, NY 11220
- **County:** Kings
- **Coordinates:** 40.651249, -74.005783
- **Google Maps:** https://www.google.com/maps?q=40.651249,-74.005783

## Listing Agent

- **Name:** Igor Libo
- **Brokerage:** ILITE REALTY INC
- **Phone:** 7189750555
- **Email:** sales@iliterealty.com

## Primary Photo

![448 40th St. - Primary Photo](http://lh.rdcpix.com/e8121a7d2443844909f7cc917feaa1ccl-f1897952358r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/448-40th-st-brooklyn-ny-11220-11691650)*

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**MLS#:** 11691650 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/448-40th-st-brooklyn-ny-11220-11691650)

---

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