For sale

Price cut: $100K (9/22)

$1,550,000

448 40th St, Brooklyn, NY 11232

18beds

7,854sqft

Multi Family

Built in 1914

-- sqft lot

$-- Zestimate^®

$197/sqft

$-- HOA

What's special

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.

177 days
304
11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 18
Bathrooms: 7
Full bathrooms: 7

Heating

Natural Gas, Steam/Radiator

Cooling

Window Unit(s)

Appliances

Included: Refrigerator, Stove, Gas Water Heater

Features

Flooring: Hardwood, Laminate, Tile
Windows: Window Treatments
Basement: Finished,Full,Separate Entrance

Interior area

Total structure area: 7,854
Total interior livable area: 7,854 sqft

Property

Parking

Parking features: None, Other

Features

Stories: 3
Fencing: Full

Lot

Size: 3,339 Square Feet
Dimensions: 33x100
Features: Back Yard, Front Yard

Details

Foundation area: 2244
Zoning: R6B
Special conditions: Arm's Length

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Brick
Foundation: Block
Roof: Asphalt/Tar,Flat

Condition

Year built: 1914

Utilities & green energy

Electric: 110 V

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $197/sqft
Annual tax amount: $17,748
Date on market: 4/14/2026
Cumulative days on market: 177 days

Estimated market value

Not available

Estimated sales range

Not available

$4,079/mo

Price history

Date	Event	Price
9/22/2026	Price change	$1,550,000-6.1%$197/sqft
Source: BNYMLS #500433 Report a problem
4/14/2026	Listed for sale	$1,650,000-2.9%$210/sqft
Source: BNYMLS #500433 Report a problem
7/14/2024	Listing removed	--
Source: BNYMLS #476151 Report a problem
2/28/2024	Listed for sale	$1,700,000$216/sqft
Source: BNYMLS #476151 Report a problem
9/29/2023	Listing removed	--
Source: BNYMLS #476151 Report a problem
8/11/2023	Listed for sale	$1,700,000$216/sqft
Source: BNYMLS #476151 Report a problem