• Type
  • Multi Family, Residential
  • 23
  • Rooms
  • 16
  • Bedrooms
  • 8
  • Bathrooms
406 4th Avenue, New York City, NY 11215
  • $1,500,000

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.

  • Address: 406 4th Avenue
  • City: New York City
  • State/county: NY
  • Zip/Postal Code: 11215
  • Area: Gowanus

Details

Updated on July 24, 2026 at 4:14 pm
  • Property ID RLS20104275
  • Price $1,500,000
  • Property Size 5868 Sqft
  • Bedrooms 16
  • Rooms 23
  • Bathrooms 8
  • Garage Size x x
  • Year Built 1931
  • Type Multi Family, Residential
  • Property Status Active, For Sale

Additional details

  • Association Fee 375.0
  • Cooling Other
  • County Kings
  • Property Type Residential
  • Architectural Style Walk-Up

Floor Plans

Mortgage Calculator

Contact Information

Digs Realty Group

Enquire About This Property

This field is for validation purposes and should be left unchanged.
Name(Required)