$2,199,000
$300K PRICE DROP

738 4th Ave Brooklyn, NY 11232

Greenwood Heights Neighborhood

Estimated payment $13,775/month

Total Views 361
-- Bed
-- Bath
4,280 Sq Ft
$514 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • 1-minute walk to 25 Street

About This Home

Presenting 738 4th Avenue, Brooklyn. A prime mixed-use investment property in a highly desirable and convenient location.
This well-positioned building features a ground-level commercial space currently leased to an established accounting firm, providing immediate and stable income. Above, you’ll find three residential apartments, creating multiple revenue streams under one roof.
The property also includes a full basement, ideal for storage or offering the potential to be finished for additional income or expanded use.
Perfectly suited for investors, this is a turnkey opportunity with cash flow from day one, with upside potential to further maximize returns.
Located just minutes from public transportation, this property offers easy and quick access to Manhattan, making it highly attractive for both residential and commercial tenants.
Don’t miss your chance to own a solid income-producing property in one of Brooklyn’s most active corridors.

Listing Agent

Anthony Lopez

RE/MAX Edge License #10401325496 Listed on: 04/28/2026

RE/MAX Edge

Co-Listing Agent

Vance Theoharis

RE/MAX Edge License #10401267985

Property Details

Property Type

  • Other

Lot Details

  • 1,285 Sq Ft Lot
  • Lot Dimensions are 21.42' x 60'
  • Irregular Lot

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Asphalt Roof
  • Stucco Exterior

Interior Spaces

  • 4,280 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 648

Community Details

Overview

  • 3 Units

Building Details

  • Fuel Expense $7,404
  • Insurance Expense $2,780
  • Utility Expense $3,000
  • Gross Income $152,760

Property Details

Property Type

Other

Lot Details

1,285 Sq Ft Lot

Listing Details

  • Basement Amenities: Full, Unfinished
  • Borough: Brooklyn
  • Co List Office Mls Id: 118210
  • Co List Office Phone: (718) 612-3088
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Doors - 10 ft and under
  • Commercial Features Interior: Kitchen, Living Space Available
  • Confirmed By M L S Y N: Yes
  • Cross Street: 23rd
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 3
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 4280
  • Street Name I D X: 4th
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 1285

Exterior Features

  • Yard: Other
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick, Stucco
  • Foundation Details: Other
  • Lot Number: 41
  • Roof: Asphalt/Tar, Flat

Utilities

  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 7404.00

Lot Info

  • Lot Dimensions: 21.42' x 60'
  • Lot Size Irregular: Yes
  • Lot Size Length: 60
  • Lot Size Width: 21

Rental Info

  • Rent Income: 111000

Multi Family

  • Annual Gross Expense: 39240.00
  • Annual Gross Income: 152760
  • Insurance Expense: 2780.00
  • Unit Count: 4
  • Annual Utility Expenses: 3000.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $20,405 $575,550 $118,800 $456,750
2025 $20,011 $481,050 $118,800 $362,250
2024 $20,011 $432,450 $118,800 $313,650
2023 $18,289 $400,950 $118,800 $282,150
2022 $17,883 $405,450 $118,800 $286,650
2021 $16,602 $373,050 $118,800 $254,250
2020 $7,590 $407,250 $118,800 $288,450
2019 $15,466 $411,300 $118,800 $292,500
2016 $13,421 $104,104 $32,836 $71,268
2015 $8,713 $96,590 $32,988 $63,602
2014 $8,713 $94,711 $38,826 $55,885
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
06/15/2026 06/15/26 Price Changed $2,199,000 -12.0% $514 / Sq Ft
04/28/2026 04/28/26 For Sale $2,499,000 -- $584 / Sq Ft
Source: Brooklyn Board of REALTORS®

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
Deed -- --
Deed -- --
Deed -- --
Deed $470,000 --
Source: Public Records

Source: Brooklyn Board of REALTORS®

MLS Number: 500926

Brooklyn Board of REALTORS®

APN: 00648-0041

New York Kings County Brooklyn 11232 Greenwood Heights

738 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.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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