# 448 40th St., Brooklyn, NY 11220 > **TL;DR:** 0bd/7ba commercial, $1,650,000 ($294/sqft), built 1914, 5,610 sqft. > Hardwood. Est. $8,841/mo. Listed 147 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,650,000 | | Price/sqft | $294 | | Bathrooms | 7 full | | Square Feet | 5,610 | | Year Built | 1914 | | Stories | 3 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 147 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,343 | | Estimated Insurance | $481 | | HOA | $17 | | **Total** | **$8,841** | ## Key Amenities - Hardwood ## 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 - **Neighborhood:** Sunset Park - **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 - **Broker Phone:** 7189864470 - **Listing URL:** [View original listing](https://listings.listhub.net/pages/NYSMLS/11691650/?channel=propsimple) ## Photos ![448 40th St. - Photo 1](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f1897952358r.jpg) ![448 40th St. - Photo 2](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f3439888075r.jpg) ![448 40th St. - Photo 3](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f2854065226r.jpg) ![448 40th St. - Photo 4](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f3251034550r.jpg) ![448 40th St. - Photo 5](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f956810919r.jpg) ![448 40th St. - Photo 6](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f3012301182r.jpg) ![448 40th St. - Photo 7](http://lh.rdcpix.com/9ed1c61528dc8bf6061252ef57e1574al-f4077967835r.jpg) --- **MLS#:** 11691650 | **Updated:** 2026-09-05 **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.ai/listing/448-40th-st-brooklyn-ny-11220-11691650) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/448-40th-st-brooklyn-ny-11220-11691650#listing", "url": "https://www.propertysimple.ai/listing/448-40th-st-brooklyn-ny-11220-11691650", "name": "448 40th St., Brooklyn, NY 11220", "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. 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