NOT LISTED FOR SALE

526 4th Ave Brooklyn, NY 11215

Gowanus Neighborhood
-- Bed
-- Bath
8,456 Sq Ft
3,069 Sq Ft Lot

Last Sold November 20, 2023

Last sale price $3,750,000 $443 Per Sq Ft

Highlights

  • 3,069 Sq Ft lot
  • 3-minute walk to Prospect Avenue (D,M,N,R Line)
  • 2 Car Attached Garage
  • P.S. 124 Silas B Dutcher Rated A-
  • Wood Flooring
  • Private Driveway

About This Home

As of November 2023

Perfect for a Builder!
This is a Corner Mix-Use, 7 Family with 2 stores plus a 2+ car garage located on prime 4th Avenue in Park Slope. 7 Apartment units and garage are delivered VACANT; 2 stores are still occupied with short term leases. With the Rezoning on 4th Avenue and Air Rights combined, a builder can build upwards of 12-17+ stories. Approximately 50K+ buildable square feet including affordable housing. The basement is full and each unit has it's own hot water heater. Featuring 12 Bedrooms & 9 Baths! Apartments can be rented AS IS, Renovated to the new owner's specs, or broken down to build a brand new Beautiful Work of Art. This is a Prime Brick Corner Property that won't last long so bring only serious buyers with their POF for showings. Annual Projected ROI is just around $350K with lots of upside potential yearly with a Cap Rate of 5.1%.
This building has 2 addresses: 526-528 4th Ave and 181 14th Street.
Please note, the above information is approximate figures and are subject to change!

Last Agent to Sell the Property

Lana Fraser

Hot Homes Realty LLC. Listed on: 01/22/2023

Last Buyer's Agent

Hazel Fraser

Hot Homes Realty LLC.

Hot Homes Realty LLC.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $15,220

Year Built

  • Built in 1931

Lot Details

  • 3,069 Sq Ft Lot
  • Lot Dimensions are 93 x 33
  • Irregular Lot
  • Property is zoned R8A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 8,456 Sq Ft Home
  • 4-Story Property
  • Ceiling height between 8 to 10 feet

Flooring

  • Wood
  • Parquet

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Private Driveway

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 1033

Community Details

Overview

  • 7 Units

Building Details

  • Fuel Expense $8,000
  • Insurance Expense $6,000
  • Utility Expense $1,500
  • Gross Income $282,348
  • Net Operating Income $243,102

Property Details

Property Type

Other

Est. Annual Taxes

$15,220

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance
  • Borough: Brooklyn
  • Building Length: 30.00
  • Building Width: 22.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Fire - Smoke Alarm
  • Confirmed By M L S Y N: Yes
  • Cross Street: 14th street
  • Cross Street Name2: 13th street
  • Heat Delivery: Hot Air
  • Negotiate Thru: Broker
  • Number Of Families: 7
  • Parking Attributes: 2 Spaces, Attached Garage
  • Parking Feature Single: Private Drive
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 8456
  • Building Stories: 4
  • Street Name I D X: 4th
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood, Parquet
  • Lot Sq Ft: 3069

Exterior Features

  • Yard: None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 43
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Electric

Fee Information

  • Annual Fuel Expense: 8000.00

Lot Info

  • Lot Size Irregular: Yes
  • Lot Size Length: 93
  • Lot Size Width: 33
  • Zoning: R8A

Rental Info

  • Rent Income: 282348

Multi Family

  • Annual Gross Expense: 39246.00
  • Annual Gross Income: 282348
  • Insurance Expense: 6000.00
  • Miscellaneous Expense: 5000.00
  • Property Net Operating Income: 243102.00
  • Unit Count: 10
  • Annual Utility Expenses: 1500.00

Tax Info

  • Flip Tax Amount: 15220.00

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2023 11/20/23 Sold $3,750,000 -36.4% $443 / Sq Ft
05/25/2023 05/25/23 Price Changed $5,900,000 -14.5% $698 / Sq Ft
01/22/2023 01/22/23 For Sale $6,900,000 -- $816 / Sq Ft
01/22/2023 01/22/23 Pending -- -- --
Source: Brooklyn Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lana Fraser

    Seller's Agent in 2023

    Lana Fraser

    Hot Homes Realty LLC.

    (718) 788-5435

    1 in this area

    6 Total Sales

    Lana Fraser
    Section Image
  • Hazel Fraser

    Buyer's Agent in 2023

    Hazel Fraser

    Hot Homes Realty LLC.

    (646) 919-8167

    1 in this area

    12 Total Sales

    Hazel Fraser
    Section Image
See All Agents

Map

Source: Brooklyn Board of REALTORS®

MLS Number: 471328

Brooklyn Board of REALTORS®

APN: 01033-0043

New York Kings County Brooklyn 11215 Gowanus

526 4th Ave, Brooklyn, NY

Not Listed for Sale

Other

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