HOUSE
Address: ‎448 40th Street
Zip Code: 11220
6 fam, 18 bed, 7 bath, 7854ft2
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$1,650,000
ID # 500433
English
Broker Contact
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Ilite Realty Inc Office: ‍718-975-0555

$1,650,000 - 448 40th Street, Sunset Park, New York 11220|ID # 500433

ID #‎ 500433
Details6 fam, 18 bed, 7 bath, Lot Size: 0.08 acres, Interior: 7854 ft2, 730m2, Building has 3 floors
(DOM): 153 days
Construction Year1914
Taxes
(per year)
$17,749
Basement Finis
Bus2 min: B35, B63, B70
9 min: B11
Subway5 min: R
6 min: D, N
LIRR2.7 miles: "Atlantic Terminal"
3.5 miles: "Nostrand Avenue"
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房屋英文概況 English 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.

Courtesy of Ilite Realty Inc

公司: ‍718-975-0555




$1,650,000
HOUSE
ID # 500433
‎448 40th Street
Brooklyn, New York 11220
6 fam, 18 bed, 7 bath, 7854ft2


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