48 4th Ave Brooklyn, NY 11217
Boerum Hill NeighborhoodEstimated payment $20,199/month
Total Views
608
7
Beds
3
Baths
3,200
Sq Ft
$1,125
Price per Sq Ft
Highlights
- Green Building
- 1-minute walk to Pacific Street
- 4-minute walk to North Pacific Playground
- P.S. 38 The Pacific School Rated A-
- Views
About This Home
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.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,400
Year Built
- Built in 1900
Lot Details
- 857 Sq Ft Lot
- Lot Dimensions are 42.83x20.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,200 Sq Ft Home
- 3-Story Property
- Laundry in unit
- Property Views
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Full Bathrooms
Eco-Friendly Details
- Green Building
- Smoke Free Home
Utilities
- No Cooling
Community Details
- 3 Units
- Boerum Hill Subdivision
Listing and Financial Details
- Legal Lot and Block 0041 / 00192
Map
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Home Values in the Area
Average Home Value in this Area
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,410 | $280,140 | $20,460 | $259,680 |
| 2025 | $5,109 | $216,720 | $20,460 | $196,260 |
| 2024 | $5,109 | $194,820 | $20,460 | $174,360 |
| 2023 | $4,858 | $208,980 | $20,460 | $188,520 |
| 2022 | $4,481 | $228,960 | $20,460 | $208,500 |
| 2021 | $2,395 | $210,540 | $20,460 | $190,080 |
| 2020 | $1,512 | $214,560 | $20,460 | $194,100 |
| 2019 | $4,385 | $228,660 | $20,460 | $208,200 |
| 2018 | $4,003 | $21,099 | $2,697 | $18,402 |
| 2017 | $3,758 | $19,905 | $3,932 | $15,973 |
| 2016 | $3,669 | $19,905 | $3,344 | $16,561 |
| 2015 | $2,045 | $19,754 | $3,537 | $16,217 |
| 2014 | $2,045 | $18,637 | $4,004 | $14,633 |
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 |
|---|---|---|---|---|
| 08/25/2026 08/25/26 | For Sale | $3,600,000 | -- | $1,125 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | Unknown | |
| Previous Owner | $250,000 | No Value Available |
Source: Public Records
About the Listing Agent
The Corcoran Group blends entertainment industry savvy with a deep love for Brooklyn, thanks to co-founders Anthony "Tmor" Morris and Lisa L. James. With decades of combined experience in real estate, marketing, and community building, they know how to get things done—and keep it personal along the way.
Focused on making quality real estate services accessible to everyone, The Morris Team has become one of Brooklyn’s go-to teams for buyers, sellers, renters, and investors alike. Their
Anthony's Other Listings
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20110936
APN: 00192-0041
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.
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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