Recently Upgraded 8-Unit
For Sale
$1,500,000
406 4th Ave, Brooklyn, NY 11215
Fully occupied 8-unit building with one- and two-bedroom layouts and 2025 renovations, including a new roof.
Property Size5,868 SF
Days on Market20
Property Features for 406 4th Ave
General Information
Standard status
Active
Size
5,868 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$16,776
Building Details
Building Size
5,868 SF
Year Built
1931
Year Renovated
2025
Stories
3
Units
8
Listing Agency:
Compass
(718) 710-1844
Listed By:
Roseanne Degliuomini · License #10301210854
(718) 710-1844
Source:
Elliman
Added: Jul 25
Changed: Aug 8
Last Checked: Aug 13 at 8:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
An 8-unit multifamily property with a stable mix of one- and two-bedroom residences, currently fully occupied and described as rent stabilized. The building has undergone recent upgrades completed in 2025, including a new roof, supporting a turnkey condition.
The property is positioned at the intersection of Park Slope and Gowanus along 4th Avenue, with exceptional access to transportation. BikeScore, walkScore, and transitScore metrics are provided as 89 (Very Bikeable), 92 (Walker’s Paradise), and 100 (Rider’s Paradise).
The offering also highlights strong projected income and favorable rental trends. In addition to current performance, zoning is noted as permitting approximately 17,000 buildable square feet, creating future development potential.
The property is positioned at the intersection of Park Slope and Gowanus along 4th Avenue, with exceptional access to transportation. BikeScore, walkScore, and transitScore metrics are provided as 89 (Very Bikeable), 92 (Walker’s Paradise), and 100 (Rider’s Paradise).
The offering also highlights strong projected income and favorable rental trends. In addition to current performance, zoning is noted as permitting approximately 17,000 buildable square feet, creating future development potential.
Key Highlights
- 1931‑built 8‑unit multifamily building with a mix of one- and two‑bedroom residences
- Fully occupied with a stable mix of one- and two‑bedroom units
- Recent renovations completed in 2025, including a new roof
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
8,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 8-unit building with one- and two-bedroom layouts and 2025 renovations, including a new roof.
Where is this apartment building located?
The property is located at 406 4th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1931‑built 8‑unit multifamily building with a mix of one- and two‑bedroom residences; Fully occupied with a stable mix of one- and two‑bedroom units; Recent renovations completed in 2025, including a new roof
