448 40th St
Listing Notes
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.
Price in context
Cheaper than 21% of the 24 homes listed nearby right now, which run $975,000 to $1,950,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 814 5th Ave # 1A | $975,000 | Studio · 2 ba |
| 320 42nd St | $1,100,000 | 3 bd · 1 ba |
| 996 4th Ave | $1,150,000 | 4 bd · 3 ba |
| 996 4th Ave | $1,150,000 | 4 bd · 4.25 ba |
| 451 44th St | $1,199,000 | 3 bd · 3 ba |
| 326 39th St | $1,288,888 | 6 bd · 3 ba |
| 543 41st St | $1,330,000 | 15 bd · 6 ba |
| 4311 4th Ave | $1,350,000 | 12 bd · 6 ba |
| 814 5th Ave # 4C | $1,361,360 | 2 bd · 2 ba |
| 432 39th St | $1,380,000 | 2 bd · 1 ba |
| 430 39th St | $1,380,000 | 2 bd · 1 ba |
| 427 46th St | $1,485,000 | 5 bd · 2 ba |
| 431 45th St | $1,495,000 | 7 bd · 4 ba |
| 949 4th Ave | $1,499,000 | 8 bd · 3 ba |
| 517 40th St | $1,499,999 | 8 bd · 3 ba |
| 334 39th St | $1,550,000 | — |
| 465 36th St | $1,550,000 | 8 bd · 3 ba |
| 425 36th St | $1,599,000 | 6 bd · 3 ba |
| 467 45th St | $1,649,000 | 5 bd · 3 ba |
| 624 46th St | $1,669,000 | 3 bd · 4.5 ba |
| 536 46th St | $1,680,000 | 6 bd · 2 ba |
| 560 46th St | $1,790,000 | 8 bd · 2 ba |
| 205 34th St | $1,850,000 | 4 bd · 3 ba |
| 814 5th Ave Ph 4A | $1,950,000 | 2 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more