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$1,812,500
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Property Description
Fantastic Investment Opportunity in Prime Brooklyn Location Discover this meticulously maintained, legal 3-family brick home located at the border of Park Slope and Gowanus. Spanning 20 feet in width and 45 feet in depth, delivered vacant this property offers versatile living spaces with incredible potential. Property Features: - 1st Floor Unit: A spacious 1-bedroom apartment with an additional office that can be easily converted into a second bedroom. This level can also be duplexed with the fully finished basement for expanded living space. - 2nd & 3rd Floor Units: Each features a junior 2-bedroom layout, offering flexibility for conversion to create additional bedrooms or living areas. - Unfinished basement: Primed to duplex with 1st Floor Unit to create recreational area. - Outdoor Space: Enjoy a private courtyard accessible from the basement, perfect for outdoor relaxation or entertaining. With well-maintained roofing and mechanicals, this property is in "move-in ready or primed for a renovation to meet your needs. The building offers significant upside potential, with 3,905 sq ft of unused FAR allowing for vertical expansion. Situated in a highly desirable area, this home is surrounded by new condo developments, adding value to the neighborhood. Enjoy convenient access to Manhattan and Downtown Brooklyn via the nearby R, F, and G subway lines, as well as multiple bus routes. Whether you're looking for a family home with rental income potential or an investment (condo conversion or rental) with room to grow, this property is an excellent choice.
Full Property Details
Full Property Details for 534 4th Ave
General
- Sold For: $1,812,500
- Taxes: $4,848
- Status: Closed
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS11011921
- Added to Site: 478 day(s) ago
Rental Information
- Date Available: 9/26/2024
Interior
- Number of Rooms: 8
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Building In Basement, Common On Floor, In Basement
Exterior
- Exterior Features: Building None, Courtyard, Private Outdoor Space Over 60 Sqft
Location
- County: Kings
- Subdivision: Gowanus
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: House, Multi Family, Townhouse
- Stories/Levels: 3
- Square Feet: 2,700
- Living Area: 2,700 Sq. Ft.
- Current Bldg. Use: Multi-Family
- Year Built: 1901
Lot Features
- Lot Size: 1097
- Lot Size Source: Public Records
- Lot Dimensions: 20 x 54.83
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $4,848
Disclosures and Reports
- Special Conditions: Standard
- Block: 1040
- Lot Number: 42
Listing Courtesy of Sothebys International Realty
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Schools
Schools serving 534 4th Ave
School District:New York City Geographic School District 15
| Name | Grades | Distance |
|---|---|---|
Ps 124 Silas B Dutcher 515 4th Avenue, Brooklyn, NY 11215 | K-5 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 534 4th Ave
Date
Details
Price
Change
Source
8/27/2025
Sold
$1,812,500
0.69%
MLS
4/24/2025
Price Reduced
$1,800,000
-5.26%
MLS
9/26/2024
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
534 4th Avenue, New York City, NY 11215 (MLS# RLS11011921) is a Multi-Family property that was sold at $1,812,500 on August 27, 2025. Want to learn more about 534 4th Avenue? Do you have questions about finding other Multi-Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

