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$1,895,000
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Property Description
Nestled at the crossroads of Gowanus, Boerum Hill, and the Park Slope North Slope, 118 Fourth Avenue presents a rare opportunity to create your dream Brooklyn townhouse in one of the borough's most dynamic locations. This legal two-family brick townhouse has been lovingly used as a single-family home for nearly 100 years and is now being offered for sale for the first time in almost a century. Owned by the same family for generations, the home reflects a remarkable history of care and continuity. The property spans three full floors plus a basement, offering generous space and endless possibilities for customization. Whether restored as a grand single-family residence or reimagined to accommodate a two-family layout, the home provides a strong foundation for your vision. A private backyard adds even more potential, creating the opportunity for a peaceful outdoor retreat in the heart of Brooklyn. This townhouse presents a wonderful opportunity for a new owner to thoughtfully update and personalize the space. With its solid brick construction, classic proportions, and historic character, the possibilities are truly endless. The location is exceptionally convenient, placing you moments from vibrant neighborhood dining, local boutiques, and cultural destinations across several beloved Brooklyn neighborhoods. Transportation options are plentiful, and the energy of Barclays Center and the surrounding Atlantic Avenue transit hub are nearby, providing seamless access throughout Brooklyn and into Manhattan. This is a rare chance to own a piece of Brooklyn history and bring your vision to life in a home that has been cherished by the same family for generations.
Full Property Details
Full Property Details for 118 4th Ave
General
- Price: $1,895,000
- Taxes: $5,940
- Status: Active
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20077659
- Updated: 3/17/2026
- Added to Site: 51 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Smoke Free
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Building Other
Location
- County: Kings
- Subdivision: Boerum Hill
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: Townhouse
- Basement Desc.: Other
- Stories/Levels: 3
- Square Feet: 1,700
- Living Area: 1,700 Sq. Ft.
- Year Built: 1899
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 1377
- Lot Dimensions: 81.00 x 17.00
Financial Considerations
- Tax Amount: $5,940
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 00401-0045
- Block: 401
- Lot Number: 45
Listing Courtesy of Corcoran Group
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Schools
Schools serving 118 4th Ave
School District:New York City Geographic School District 13
| Name | Grades | Distance |
|---|---|---|
Ps 282 Park Slope 180 6th Avenue, Brooklyn, NY 11217 | PK-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 4th Ave
Date
Details
Price
Change
Source
3/17/2026
Listed
$1,895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 4th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,385
6%
$28,232
-80%
2024
$5,073
5%
$140,520
5%
2023
$4,814
-1%
$133,800
5%
2022
$4,855
-51%
$127,800
4%
2021
$9,897
111%
$122,940
-4%
2020
$4,684
6%
$127,500
6%
2019
$4,405
10%
$120,720
471%
2017
$4,009
4%
$21,139
2%
2016
$3,844
9%
$20,780
6%
2015
$3,525
342%
$19,606
6%
2014
$797
-73%
$18,511
5%
2013
$2,914
—
$17,616
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 4th Ave
118 4th Avenue, Brooklyn, NY 11217 (MLS# RLS20077659) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 118 4th Avenue is currently listed for $1,895,000 and was received on March 17, 2026. Want to learn more about 118 4th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

