About This Home
This 18-bedroom, 7-bathroom residential multi family at 448 40th Street in Brooklyn, NY is listed for $1,550,000 ($197 per sqft). Built in 1914, the home offers 7,854 sqft of living space on a 0.08 acres lot.
Key Features
- Built in 1914
- 0.08 acre lot
- 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
$8,290/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
448 40th Street
Brooklyn, NY 11220
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Questions & Answers
This 18-bedroom, 7-bathroom residential multi family at 448 40th Street is listed at $1,550,000 ($197/sqft). The estimated monthly payment is $8,290 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1914, 0.08 acre lot, 3 stories. Interior Features: A/C Unit - Window, Refrigerator, Stove.
This property is listed by Yujie Zhang and can be reached at 7189750555.
