406 4th Avenue

Property Description

Positioned at the intersection of Park Slope and Gowanus, this unique investment property presents a compelling opportunity to acquire a well-maintained 8-unit multifamily asset in one of Brooklyn's most consistently sought-after mixed use corridors.

Located along a prime stretch of 4th Avenue with exceptional access to transportation, the property is fully occupied and features a stable mix of one- and two-bedroom residences. Recent upgrades completed in 2025 contribute to the building's turnkey appeal, while strong projected income and favorable rental trends position the asset for both immediate cash flow and long-term upside.

In addition to its current performance, the property offers future potential with zoning permitting approximately 17,000 buildable square feet, a rare opportunity in a neighborhood continuing to see significant growth, investment, and demand.

Investment Highlights:

8-unit multifamily property
Prime Park Slope / Gowanus location
Fully occupied and rent stabilized
Recent renovations completed in 2025
New Roof
Strong projected income and long-term upside
Excellent access to major transportation
Future development possibility

Offering Memorandum upon request.

Overview

Property Status

For Sale

Lot Size

2,000 Sq.Ft.

MLS ID

RLS20104275

Property Type

Townhouse

Year Built

1931

Are you interested?

Schedule a Tour

RoseAnne Degliuomini

(718) 710-1844 [email protected]

Features & Amenities

Total Area

5,868 Sq.Ft.

Architecture Styles

Walk-Up

Stories

Air Conditioning

Other

Laundry Room

See Remarks

Sales Price

$1,500,000

Real Estate Tax

$16,776/yr

HOA

$375/mo

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