The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,650,000
448 40th St
Brooklyn, NY, 11232
View more Brooklyn, NY property pages18Beds
7Baths
7,854Sqft
$210$/sqft
Market Insights
Below nearby median-83%
$210/sqft vs a nearby median of $1231/sqft.
Nearby median$1231/sqft
Nearby properties12
Property size7,854 sqft
- -83% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 7,854 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$9.38M$8.53M – $10M · 50% confidence
vs ask $1.65M−$7.73M (−468.4%)
Asking price is about 468.4% below the fair value — likely to draw competing offers if it's still on market.
$1,231/sqft median across 11 tight comps × 7,854 sqft= $9.67M
- Open Class C HPD violations−$580k −6.0%
- Transit access+$242k +2.5%
- Pre-war character+$242k +2.5%
- Visible condition issues−$193k −2.0%
Cumulative NYC adjustments−$290k−3.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 28 days
- Last price change
- No change recorded
- Listed
- Apr 14, 2026
- Photos
- 8 photos
- Property type
- multi family
- Status
- for sale
Photos
Building Facts
- Year built
- 1914
- Stories
- 3
- Total units
- 6
- Residential units
- 6
- Building area
- 5,541 sqft
- Lot size
- 3,339 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C2
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,650,000for sale
Public Records
DOB violations1 open
1 total recorded against the building
HPD violations57 open
9 class C (immediately hazardous)
ACRIS documents29
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)13,952
Top: illegal parking
Top complaint types in ZIP 11232
- Illegal Parking2,749
- Noise - Street/Sidewalk1,059
- Noise - Residential1,056
- Blocked Driveway828
- HEAT/HOT WATER769
Recent DOB
- Aug 29, 1995V-DOB VIOLATION - ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- May 1, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Apr 6, 2026Class B · § 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT ALL WALLS AND CEILING IN THE 1st ROOM FROM NORTH LOCATED AT APT 1R, 1st STOR...
- Apr 6, 2026Class A · § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE VINYL FLOOR TILES IN THE BATHROOM LOCATED AT APT 1R, 1st STORY, 1st APARTMENT FROM EAST AT SOUTH
- Apr 6, 2026Class B · § 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT ALL WALLS AND CEILING IN THE KITCHEN LOCATED AT APT 1R, 1st STORY, 1st APART...
Recent Transfers (ACRIS)
- Feb 22, 2022DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.