414 48th St Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $8,965/month
Highlights
- Wood Flooring
- 3-minute walk to 45 Street
- 4-minute walk to Pena Herrera Playground
- Multiple cooling system units
- Heating System Uses Steam
About This Home
Welcome to 414 48th Street, a well-maintained semi-detached 3-family brick property located in the heart of Sunset Park, one of Brooklyn’s most vibrant and high-demand neighborhoods. Situated between 4th and 5th Avenue, this property offers exceptional accessibility and convenience, just minutes from the N, R, and D subway lines, major bus routes, and close proximity to Industry City, a rapidly growing hub for retail, dining, and creative workspaces. The area is known for strong rental demand, diverse amenities, and continued long-term growth. The property features approximately 2,700 square feet of interior space on a 20 x 100 lot, with three full residential units configured as two 2-bedroom units and one 3-bedroom unit. All units are currently occupied on a month-to-month basis, providing flexibility for both investors and end-users. The current rent roll reflects stable income, with potential for repositioning or adjustments over time depending on the buyer’s strategy. The building is constructed of solid brick with a full semi-finished basement, offering additional usable space. Heating is gas with steam radiators, and the property includes standard mechanical systems with separate living areas. Annual property taxes remain relatively low at approximately $5,246, contributing to overall operating efficiency. This offering presents a unique opportunity for buyers seeking a stable income-producing asset in a prime Brooklyn location, with the added benefit of flexible tenancy. Ideal for investors looking for long-term hold in a high-demand rental corridor, or for end-users seeking to occupy while maintaining supplemental income.
Open House Schedule
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Sunday, May 17, 20262:30 to 3:30 pm5/17/2026 2:30:00 PM +00:005/17/2026 3:30:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,246
Year Built
- Built in 1910
Lot Details
- 2,003 Sq Ft Lot
- Lot Dimensions are 100 x 20
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2,700 Sq Ft Home
- 2-Story Property
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Stove
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Utilities
- Multiple cooling system units
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 774
Community Details
Overview
- 3 Units
Building Details
- Fuel Expense $14,000
- Insurance Expense $7,007
- Utility Expense $2,700
- Gross Income $79,092
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,397 | $73,200 | $16,380 | $56,820 |
| 2025 | $5,095 | $56,820 | $16,380 | $40,440 |
| 2024 | $5,095 | $66,840 | $16,380 | $50,460 |
| 2023 | $5,152 | $82,020 | $16,380 | $65,640 |
| 2022 | $5,014 | $74,400 | $16,380 | $58,020 |
| 2021 | $4,991 | $59,400 | $16,380 | $43,020 |
| 2020 | $2,343 | $69,900 | $16,380 | $53,520 |
| 2019 | $4,422 | $68,460 | $16,380 | $52,080 |
| 2018 | $4,309 | $21,139 | $5,554 | $15,585 |
| 2017 | $4,266 | $20,928 | $5,920 | $15,008 |
| 2016 | $3,951 | $19,764 | $5,494 | $14,270 |
| 2015 | $2,381 | $18,662 | $5,742 | $12,920 |
| 2014 | $2,381 | $17,616 | $6,504 | $11,112 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $1,599,000 | -- | $592 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $350,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | New Conventional | |
| Previous Owner | $170,000 | New Conventional |
Source: Brooklyn Board of REALTORS®
MLS Number: 501143
APN: 00774-0012
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