# 448 40th Street, Brooklyn, NY 11220 > **TL;DR:** 18bd/7ba residential multi family, $1,550,000 ($197/sqft), built 1914, 7,854 sqft. > Hardwood, A/C. Est. $8,290/mo. Listed 180 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,550,000 | | Price/sqft | $197 | | Bedrooms | 18 | | Bathrooms | 7 full | | Square Feet | 7,854 | | Year Built | 1914 | | Lot Size | 3,341 sqft (0.08 acres) | | Stories | 3 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 180 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,838 | | Estimated Insurance | $452 | | **Total** | **$8,290** | ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 1914 - 0.08 acre lot - 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 Street, Brooklyn, NY 11220 - **County:** Kings (Brooklyn) - **Coordinates:** 40.651218, -74.005791 - **Google Maps:** https://www.google.com/maps?q=40.651218,-74.005791 ## Listing Agent - **Name:** Yujie Zhang - **Brokerage:** Ilite Realty Inc - **Phone:** 7189750555 - **Broker Phone:** (718) 975-0555 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/448-40th-St_Brooklyn_NY_11232_M90313-09264?f=listhub&s=BMLSNY&m=500433&c=propsimple) ## Photos ![448 40th Street - Photo 1](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f4201570230r.jpg) ![448 40th Street - Photo 2](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f4201570230r.jpg) ![448 40th Street - Photo 3](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f3666959543r.jpg) ![448 40th Street - Photo 4](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f2335995208r.jpg) ![448 40th Street - Photo 5](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f1540057755r.jpg) ![448 40th Street - Photo 6](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f628395139r.jpg) ![448 40th Street - Photo 7](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f1882547376r.jpg) ![448 40th Street - Photo 8](http://lh.rdcpix.com/f77d2bb6332962d58f49e71737857b6al-f1012164676r.jpg) --- **MLS#:** 500433 | **Updated:** 2026-10-10 **Source:** listhub *Copyright © 2026 Brooklyn New York Multiple Listing Service. 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-street-brooklyn-ny-11220-y500433) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/448-40th-street-brooklyn-ny-11220-y500433#listing", "url": "https://www.propertysimple.ai/listing/448-40th-street-brooklyn-ny-11220-y500433", "name": "448 40th Street, 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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