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- Description
- Property Details
- Location
- HOA Management
- Facts & Features
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Street View
$1,500,000
Monthly Est:$7,466
16 Beds
8 Baths8 full baths
5,868sqft
406 4th Avenue, Brooklyn, NY 11215
$1,500,000
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Multi Family
Built in 1931
$375/mo HOA
2,000 sqft lot
$256/sq.ft
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.
- Houzeo last checked: 6 minutes ago
- Listing updated: October 17, 2026 at 3:18 pm
- Listing Provided by: Roseanne Degliuomini (718) 710-1844 | Compass (212) 913-9058
- Source: Rebny MLS-NY | MLS#: RLS20104275
Property Details
Status
Active
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
Year Built
1931
HOA Fees
$375/mo
Finished Area
5,868 sqft
Lot Size
2,000 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20104275
Days on Market
109
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Location
HOA Management
N/A
HOA Fees
$375/ Monthly
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 8
Interior
Cooling
Other
Construction
Year Built
Year Built: 1931
Home type
Multi Family
Architectural Style
Walk Up
Utilities & Energy
Laundry Features
See Remarks
Basement
Partial
Other Features
Subdivision Name
Gowanus
Price History
| Date | Event | Price |
|---|---|---|
07/24/2026 Source: | Listed for Sale | $1,500,000 $256/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 04, 2026, 07:00AM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
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