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$3,600,000 Just Listed
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Property Description
Unlock the Potential at 48 4th Avenue A Rare Brooklyn Value-Add & Development Opportunity Introducing 48 4th Avenue-an exceptional multifamily investment opportunity positioned along one of Brooklyn's most dynamic commercial and residential corridors. Whether you're an investor seeking a value-add acquisition, a developer evaluating future potential, or a long-term owner looking to expand your portfolio, this property offers the flexibility to create value in a highly desirable location. With the potential to be delivered vacant, 48 4th Avenue presents a unique opportunity to renovate, reposition, redevelop, or reimagine the asset to meet your investment objectives. Opportunities offering this level of flexibility in a prime Brooklyn location are increasingly rare. For investors pursuing tax-deferred investment strategies, 48 4th Avenue may also warrant consideration as a potential replacement property in a 1031 Exchange, subject to each purchaser's individual investment objectives and consultation with their legal and tax advisors. Ideally situated on the vibrant 4th Avenue corridor, the property benefits from proximity to established residential neighborhoods, neighborhood retail, restaurants, parks, and convenient public transportation-location fundamentals that continue to attract investors seeking long-term appreciation and redevelopment opportunities. Investment Highlights Multifamily building Value-add repositioning opportunity Potential for vacant delivery Development potential for qualified purchasers to explore Attractive opportunity for long-term investors and developers May work for buyers considering a 1031 Exchange strategy Prime Brooklyn location with excellent connectivity and neighborhood amenities Properties with this combination of location, flexibility, and future potential seldom become available. Value-Add. Development Potential. Vacant Delivery. 1031 Exchange Opportunity. One Property. Multiple Investment Strategies. Prospective purchasers should consult with their attorney, accountant, and qualified intermediary regarding the applicability of Section 1031 of the Internal Revenue Code to their individual circumstances.
Full Property Details
Full Property Details for 48 4th Ave
General
- Price: $3,600,000
- Taxes: $5,400
- Status: Active
- Type: Multi-Family
- Source: REBNY
- MLS ID: RLS20110936
- Updated: Today (8/25/2026)
- Added to Site: Today
Interior
- Number of Rooms: 10
- Interior Features: Smoke Free
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: In Unit
Additional Information
- Pool: Yes
- Pool Description: Building None
Exterior
- Exterior Features: Private Outdoor Space Under 60 Sqft
Location
- County: Kings
- Subdivision: Boerum Hill
Community
- Pets Allowed: Yes
Structural Information
- Structure Type: Townhouse
- Basement Desc.: Other
- Stories/Levels: 3
- Square Feet: 3,200
- Living Area: 3,200 Sq. Ft.
- Year Built: 1900
- Other Struct. Feat.: Green Building
Lot Features
- Property View: Other
- Lot Size: 856.6
- Lot Dimensions: 42.83 x 20.00
Financial Considerations
- Tax Amount: $5,400
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 00192-0041
- Block: 192
- Lot Number: 41
Listing Courtesy of Corcoran Group
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Schools
Schools serving 48 4th Ave
School District:New York City Geographic School District 15
| Name | Grades | Distance |
|---|---|---|
Ps 38 The Pacific 450 Pacific Street, Brooklyn, NY 11217 | PK-5 | 0.2 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 48 4th Ave
Date
Details
Price
Change
Source
8/25/2026
Listed
$3,600,000
—
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 48 4th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$5,410
—
$280,140
885%
2025
$5,428
6%
$28,446
-85%
2024
$5,109
6%
$194,820
-7%
2023
$4,804
5%
$208,980
-9%
2022
$4,554
-52%
$228,960
9%
2021
$9,455
100%
$210,540
-2%
2020
$4,722
6%
$214,560
-6%
2019
$4,437
18%
$228,660
984%
2017
$3,758
—
$21,099
6%
2017
$3,758
2%
$19,905
—
2016
$3,669
3%
$19,905
1%
2015
$3,554
16%
$19,754
6%
2014
$3,062
12%
$18,637
6%
2013
$2,727
—
$17,583
—
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 48 4th Ave
48 4th Avenue, Brooklyn, NY 11217 (MLS# RLS20110936) is a Multi-Family property with 3 units containing 7 bedrooms and 3 full bathrooms. 48 4th Avenue is currently listed for $3,600,000 and was received on August 25, 2026. Want to learn more about 48 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.

