Seller's Agent in 2023
Lana Fraser
Hot Homes Realty LLC.
(718) 788-5435
1 in this area
7 Total Sales
526 4th Ave Brooklyn, NY 11215
Gowanus Neighborhood
--
Bed
--
Bath
8,456
Sq Ft
3,049
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 2023Perfect 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!
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
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Home Values in the Area
Average Home Value in this Area
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
| 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 |
|---|---|---|---|---|
| 2025 | $17,335 | $976,950 | $10,800 | $966,150 |
| 2024 | $17,335 | $916,560 | $10,800 | $905,760 |
| 2023 | $16,478 | $1,145,700 | $10,800 | $1,134,900 |
| 2022 | $15,220 | $954,900 | $10,800 | $944,100 |
| 2021 | $14,103 | $1,123,650 | $10,800 | $1,112,850 |
| 2020 | $13,189 | $1,164,780 | $10,800 | $1,153,980 |
| 2019 | $13,452 | $1,164,780 | $10,800 | $1,153,980 |
| 2018 | $13,142 | $103,327 | $1,150 | $102,177 |
| 2017 | $12,171 | $95,690 | $1,130 | $94,560 |
| 2016 | $11,423 | $88,606 | $1,185 | $87,421 |
| 2015 | $7,416 | $82,045 | $1,317 | $80,728 |
| 2014 | $7,416 | $82,045 | $1,526 | $80,519 |
Source: Public Records
Agents Affiliated with this Home
-
Lana Fraser
-
Hazel Fraser
Buyer's Agent in 2023
Hazel Fraser
Hot Homes Realty LLC.
(646) 919-8167
1 in this area
13 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 471328
APN: 01033-0043
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