406 4th Ave
Listing Notes
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.
Price in context
Cheaper than 58% of the 24 homes listed nearby right now, which run $850,000 to $1,900,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 500 4th Ave Apt 8D | $850,000 | 1 bd · 1 ba |
| 445 5th Ave Unit 4A | $889,500 | 1 bd · 1 ba |
| 445 5th Ave Unit 5A | $1,035,000 | 1 bd · 1 ba |
| 445 5th Ave Ph D | $1,070,000 | 1 bd · 1 ba |
| 327 4th St Apt 2F | $1,150,000 | 2 bd · 1 ba |
| 185 13th St Apt 1B | $1,195,000 | 2 bd · 2 ba |
| 298 12th St Unit 1 /R | $1,195,000 | 3 bd · 2 ba |
| 392 11th St Apt 3A | $1,199,000 | 2 bd · 2 ba |
| 500 4th Ave Apt 3A | $1,200,000 | 2 bd · 2 ba |
| 270 5th St Apt 4C | $1,350,000 | 2 bd · 1 ba |
| 500 4th Ave Apt 9F | $1,595,000 | 2 bd · 2 ba |
| 488 4th Ave Apt 2 | $1,600,000 | 3 bd · 2 ba |
| 488 4th Ave Apt 2 | $1,600,000 | 3 bd · 2 ba |
| 211 13th St | $1,649,000 | 3 bd · 3 ba |
| 343 4th Ave Apt 10G | $1,750,000 | 3 bd · 2 ba |
| 343 4th Ave Apt 10G | $1,750,000 | 3 bd · 2 ba |
| 251 1st St Apt 4A | $1,800,000 | 2 bd · 2 ba |
| 266 10th St Unit 1 | $1,832,000 | 3 bd · 3 ba |
| 266 10th St Unit 1 | $1,837,000 | 2 bd · 2 ba |
| 300 5th St Unit 3 | $1,850,000 | 2 bd · 2 ba |
| 310 2nd St Apt 2D | $1,875,000 | 3 bd |
| 266 10th St Unit 3 | $1,892,000 | 3 bd · 3 ba |
| 266 10th St Unit 3 | $1,897,000 | 3 bd · 3 ba |
| 310 2nd St Apt 3C | $1,900,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more