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406 4th Avenue, 
Brooklyn, NY 11215

$1,500,000


16

Beds


8

Baths


5,868

Sq Ft


Multi-Family

Active

Listed by

Roseanne Degliuomini

Compass

Last updated:

September 18, 2026, 12:10 PM

MLS#

RLS20104275

Source:

NY REBNY

About This Home

406 4th Avenue

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.

Home Facts

Multi-Family

8 Baths

16 Bedrooms

Built in 1931

Subdivision & Development:

Gowanus

Price Summary

1,500,000

$255 per Sq. Ft.

MLS #:

RLS20104275

Last Updated:

September 18, 2026, 12:10 PM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

5,868 Sq. Ft.


Structure

Structure

Building Area:

5,868 Sq. Ft.

Year Built:

1931


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$255 per Sq. Ft.

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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 Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.