448 40th Street, Brooklyn, New York, New York 11220
$1,650,000
Property Details
Property 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.
Property Type Residential
Property Status: Active
Property Features A/C Unit - Window Refrigerator Stove Window Treatments Other
Dalia Samouha
Real Estate Broker
Cell: 718.687.7576
Email: [email protected]
Instagram: @idealpropertiesrealty
