448 40th Street

Sunset Park

$1,650,000
Price
18
Beds
7,854 Sq. Ft.
$210 / Sq. Ft.
7,854
Sq. Ft.
$210
per Sq. Ft.
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a front view of a building with glass windows
a front view of a building with parking space
a view of a backyard with sitting area
a bathroom with a sink and mirror
a stove top oven sitting inside of a room
a view of a living room with a bed and a table

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...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.
  1. Listed by Yujie Zhang • Ilite Realty Inc • Other
  2. Listed by Ayzik Nasimov • Ilite Realty Inc

Amenities

  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
  • House
LISTING UPDATED: 04/22/2026 08:17 AM

Property Details for 448 40th Street

StatusActive
MLS ID500433
Days on Market47
Taxes$17,749 / year
Maintenance-
Min. Down Pymt-
Total Rooms36.0
Property TypeTownhouse
MLS TypeResidential
Year Built1914
Lot Size3,339 SF
CountyKings County
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Location

Listing Courtesy of Ilite Realty Inc
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Building Information for 448 40th Street

Stories3Residences-Year Built1914Building Size-Lot Size3,339 SFBuilding Age-Building Type-

Payment Calculator

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$9,701 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,222

Property Taxes

$1,479

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 448 40th Street

Summary
Location and General Information
  • Block: 714
  • Cross Street Name: 4th Ave.
  • Cross Street Name: 5th Av
  • Zoning: R6B
  • Roof: Asphalt/Tar, Flat
  • Residential Features: A/C Unit - Window, Refrigerator, Stove, Window Treatments, Other
Parking
  • Parking Attributes: Other
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 17748.6
  • Gross Expense: 37948.6
  • Gross Income: $108,240.00
Property
Lot Information
  • Sq Ft Total: 7854
  • Yard: Back, Front, Fenced - Full
  • Lot Number: 23
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 33
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
  • Utility Expense: 1200.0
  • Fuel Expense: 6000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full, Separate Entrance
  • Baths Three Quarter: 0.0
  • Baths Total Level 1: 2
  • Baths Total Level: 2
  • Total Rooms: 36
  • Foundation Details: Block
  • Flooring: Hardwood, Laminate, Tile
  • Unit Count: 6
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: 110 V
  • Baths Total Level: 2
  • Beds Total Level: 6
  • Beds Total Level: 6
  • Beds Total Level: 6
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 2244.0
  • Building Length: 68.0
  • Building Type: Attached
  • Building Width: 33.0
  • Rooms Total Level 1: 12
  • Rooms Total Level 2: 12
  • Rooms Total Level: 12
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included, Heat Included, Oven/Range, RE Taxes, Refrigerator, Water Included, Other
  • Unit Floor: 1R
  • Unit Rooms Total: 6
  • Unit Status: No Lease
  • Unit Unit Type: 3 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included,Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included,Other
  • Unit Floor: 1L
  • Unit Rooms Total: 6
  • Unit Status: No Lease
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included,Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included
  • Unit Floor: 2R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included,Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included,Other
  • Unit Floor: 2L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included,Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included,Other
  • Unit Floor: 3R
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Features: Appliances Included,Heat Included,Oven/Range,RE Taxes,Refrigerator,Water Included,Other
  • Unit Floor: 3L
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5500.0
  • Owner Occupied: Yes

Property History for 448 40th Street

DateEvent & SourcePriceAppreciation
Apr 14, 2026

Listed (Active)

BKMLS #500433

$1,650,000—
Jul 23, 2024

Temporarily Off Market

BKMLS #484779

$1,750,000—
Jul 23, 2024

Listed (Active)

BKMLS #484779

$1,750,000—
DateEvent & SourcePrice
04/14/2026

Listed (Active)

BKMLS #500433

$1,650,000
07/23/2024

Temporarily Off Market

BKMLS #484779

$1,750,000
07/23/2024

Listed (Active)

BKMLS #484779

$1,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 448 40th Street

This home is within New York City Geographic District #15.
Rating
School
Type
Grades
Distance
P.S. 24
Public - PK to 5
Sunset Park Prep
Public - 6 to 8
Sunset Park High School
Public - 9 to 12
Is 136 Charles O Dewey
Public - 6 to 8
Rating
School
Distance
P.S. 24
PublicPK to 5

Sunset Park Prep
Public6 to 8

Sunset Park High School
Public9 to 12

Is 136 Charles O Dewey
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Sunset Park
Sunset Park
Change is slow and steady for this waterfront that’s seen many waves of new residents. A bustling city within a city, Sunset Park has a waterfront industrial area, low residential streets with a classical look, and even its own Chinatown. Independent businesses still reign, with nearby Industry...
Sunset Park Guide

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More information about 448 40th Street, Sunset Park

448 40th Street is a townhouse for sale in Sunset Park. This property was listed for sale on April 14, 2026 by Ilite Realty Inc, it's currently listed at $1,650,000. This listing's school district is New York City Geographic District #15. Nearby schools include P.S. 24, Sunset Park Prep and Sunset Park High School. 448 40th Street is a 18-bed, 7-bath, 7,854 sqft townhouse built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ilite Realty Inc

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.