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32730735
32730736

448 40th St., Brooklyn, NY 11220

ILITE REALTY INC
Listed by ILITE REALTY INC
$1,650,000
18 days on market
Updated 18 days ago
Opportunity zone

448 40th St.

Details
Property Type Mixed Use
Year Built 1914

Mixed Use | 0 SqFt

Marketing 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.
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ILITE REALTY INC
Listed by ILITE REALTY INC

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