$1,500,000

406 4th Ave Brooklyn, NY 11215

Gowanus Neighborhood

Estimated payment $10,049/month

Total Views 3,786
16 Beds
8 Baths
5,868 Sq Ft
$256 Price per Sq Ft

Highlights

  • No Heating
  • 2-minute walk to 4 Avenue-9 Street (D,M,N,R Line)
  • 2-minute walk to Washington Park Dog Run
  • P.S. 124 Silas B Dutcher Rated A-

About This Home

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.

Listing Agent

Roseanne Degliuomini

Compass License #10301210854 Listed on: 07/24/2026

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,776

Year Built

  • Built in 1931

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 2000 x 1

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,868 Sq Ft Home
  • Property has 3 Levels
  • Partial Basement

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Cooling Available
  • No Heating

Community Details

  • 8 Units
  • Gowanus Subdivision

Listing and Financial Details

  • Legal Lot and Block 0037 / 00992

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,776

Year Built

Built in 1931

Lot Details

2,000 Sq Ft Lot

HOA Fees

$375 per month

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Gowanus
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: Multi Family, Townhouse
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  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 3

Interior Features

  • Fireplace: No
  • Living Area: 5868.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Partial

Beds/Baths

  • Full Bathrooms: 8
  • Bathrooms Integer: 8
  • Bedrooms: 16

Exterior Features

  • View: No

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: Other
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 375.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2000.0
  • Lot Size Dimensions: 2000 x 1

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished

Building Info

  • New Construction: No
  • Units: 8
  • Total Stories: 4
  • Year Built: 1931

Tax Info

  • Tax Block: 00992
  • Tax Lot: 0037
  • Tax Annual: 16776.0

Multi Family

  • Building Area Units: Square Feet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/24/2026 07/24/26 For Sale $1,500,000 -- $256 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20104275

Real Estate Board of New York (REBNY)
New York Kings County Brooklyn 11215 Gowanus

406 4th Ave, Brooklyn, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

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Roseanne Degliuomini
Listing Agent
Roseanne Degliuomini
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(718) 710-1844
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