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$1,500,000 Just Listed
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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.
Full Property Details
Full Property Details for 406 4th Ave
General
- Price: $1,500,000
- HOA FEE: $375/month
- Taxes: $16,776
- Status: Active
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20104275
- Updated: 7/24/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 23
- Furnishings: Unfurnished
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 16
Other Rooms
- Laundry: See Remarks
Location
- County: Kings
- Subdivision: Gowanus
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
Structural Information
- Architectural Style: Walk-Up
- Structure Type: Multi Family, Townhouse
- Basement Desc.: Partial
- Stories/Levels: 3
- Square Feet: 5,868
- Living Area: 5,868 Sq. Ft.
- Year Built: 1931
Lot Features
- Lot Size: 2000
- Lot Dimensions: 2000 x 1
Financial Considerations
- Association Fee: $375
- Assoc Fee Freq.: Monthly
- Tax Amount: $16,776
Disclosures and Reports
- Property ID: 00992-0037
- Block: 992
- Lot Number: 37
Listing Courtesy of Compass
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Schools
Schools serving 406 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 | 0.3 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 406 4th Ave
Date
Details
Price
Change
Source
7/24/2026
Listed
$1,500,000
—
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 406 4th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,248
—
$343,320
573%
2025
$10,248
6%
$51,022
-83%
2024
$9,672
6%
$307,200
13%
2023
$9,153
5%
$271,500
19%
2022
$8,732
-52%
$227,820
10%
2021
$18,097
101%
$206,880
-2%
2020
$9,000
6%
$210,540
-4%
2019
$8,494
16%
$219,840
479%
2017
$7,304
—
$37,977
6%
2017
$7,304
2%
$35,830
—
2016
$7,163
3%
$35,830
1%
2015
$6,928
14%
$35,432
6%
2014
$6,061
11%
$33,440
6%
2013
$5,436
—
$31,648
—
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 406 4th Ave
406 4th Avenue, Brooklyn, NY 11215 (MLS# RLS20104275) is a Multi-Family property with 8 units containing 16 bedrooms and 8 full bathrooms. 406 4th Avenue is currently listed for $1,500,000 and was received on July 24, 2026. Want to learn more about 406 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.

