16 Beds
8 Baths
5,868 sqft
$1,500,000
406 4th Avenue, Brooklyn NY, 11215
Price per sqft$255.62
Built in1931
Property size5,868 sqft
Property typeTownhomes
Overview
Active
Listed Jul 24, 2026
Updated 13 days ago
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.
$9,980/mo
Est. mortgage payment based on a $1,500,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20104275
Interior Features
- Bedrooms
- 16
- Bathrooms
- 8
- Cooling
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.05 Acres
Other Property Details
- Taxes
- $16,776
- Tax Frequency
- Annually
- HOA Frequency
- Monthly
Listing Courtesy of Compass - Roseanne Degliuomini
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved
RLS Data display by . Data last updated on 9/24/2026 at 2:09 PM UTC