Welcome to 414 48th Street, a well-maintained semi-detached 3-family brick property located in the heart of Sunset Park, one of Brooklyn’s most vibrant and high-demand neighborhoods. Situated between 4th and 5th Avenue, this property offers exceptional accessibility and convenience, just minutes from the N, R, and D subway lines, major bus routes, and close proximity to Industry City, a rapidly growing hub for retail, dining, and creative workspaces. The area is known for strong rental demand, diverse amenities, and continued long-term growth. The property features approximately 2,700 square feet of interior space on a 20 x 100 lot, with three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis, providing flexibility for both investors and end-users. The current rent roll reflects stable income, with potential for repositioning or adjustments over time depending on the buyer’s strategy. The building is constructed of solid brick with a full semi-finished basement, offering additional usable space. Heating is gas with steam radiators, and the property includes standard mechanical systems with separate living areas. Annual property taxes remain relatively low at approximately $5,246, contributing to overall operating efficiency. This offering presents a unique opportunity for buyers seeking a stable income-producing asset in a prime Brooklyn location, with the added benefit of flexible tenancy. Ideal for investors looking for long-term hold in a high-demand rental corridor, or for end-users seeking to occupy while maintaining supplemental income.
Active
Price cut: $100K (9/2)
$1,499,000
414 48th St, Brooklyn, NY 11220
7beds
2,700sqft
Multi Family
Built in 1910
-- sqft lot
$1,383,300 Zestimate®
$555/sqft
$-- HOA
What's special
Full semi-finished basementThree full residential units
- 154 days
- 1,001
- 53
Zillow last checked:
Listing updated:
Listed by:
Tiger Realty 347-575-1849,
Peter Pan
Source: StreetEasy,MLS#: S1826789
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has fireplace: No
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Details
- Parcel number: 007740012
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Sunset Park
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $555/sqft
- Tax assessed value: $947,000
- Annual tax amount: $5,332
- Date on market: 5/6/2026
Estimated market value
$1,383,300
$1.30M - $1.45M
$3,532/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $1,499,000-6.3%$555/sqft |
Source: | ||
| 5/6/2026 | Listed for sale | $1,599,000-8.6%$592/sqft |
Source: | ||
| 5/4/2026 | Listing removed | $1,749,000$648/sqft |
Source: StreetEasy #S1810850 Report a problem | ||
| 4/6/2026 | Price change | $1,749,000-2.8%$648/sqft |
Source: | ||
| 3/1/2026 | Price change | $1,799,000-5.3%$666/sqft |
Source: | ||
| 2/12/2026 | Listed for sale | $1,899,000-15.6%$703/sqft |
Source: | ||
| 2/7/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/26/2026 | Listed for sale | $2,250,000+542.9%$833/sqft |
Source: Owner Report a problem | ||
| 7/28/2014 | Sold | $350,000$130/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,332 +4.7% | $56,820 -15% |
| 2024 | $5,095 | $66,840 -18.5% |
| 2023 | -- | $82,020 +10.2% |
| 2022 | -- | $74,400 +25.3% |
| 2021 | -- | $59,400 -15% |
| 2020 | $4,740 +5.9% | $69,900 +2.1% |
| 2019 | $4,475 +1.2% | $68,460 +223.9% |
| 2018 | $4,422 +3.7% | $21,139 +1% |
| 2017 | $4,266 +8% | $20,928 +5.9% |
| 2016 | $3,951 | $19,764 +5.9% |
| 2015 | $3,951 +65.9% | $18,662 +5.9% |
| 2014 | $2,381 | $17,616 |
| 2013 | -- | $17,616 +1% |
| 2012 | -- | $17,440 +5.9% |
| 2011 | -- | $16,470 +5.9% |
| 2010 | -- | $15,552 +5.9% |
| 2009 | -- | $14,680 |
| 2008 | -- | $14,680 +1% |
| 2007 | -- | $14,534 +5.9% |
| 2006 | -- | $13,725 +5.9% |
| 2005 | -- | $12,960 +5.9% |
| 2004 | -- | $12,234 |
| 2003 | -- | $12,234 +1% |
| 2002 | -- | $12,112 +5.9% |
| 2001 | -- | $11,438 +5.9% |
| 2000 | -- | $10,800 |
Find assessor info on the county website



