432 4Th AveBrooklyn, NY 11215

For Sale
$2,760,000

3-Unit Building, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-unit mixed-use building in Brooklyn's coveted Park Slope neighborhood presents a compelling investment opportunity. Priced at $2,760,000, this three-story brick corner building boasts a ground-floor commercial space and two residential units on the upper floors. The property features a private indoor parking garage, a private terrace, hardwood and marble floors, high ceilings, and mahogany doors, adding to its inherent charm and appeal. The full basement provides ample storage space. The residential units, currently renovated, offer modern kitchens, spacious living and dining areas, three bedrooms, and two bathrooms. The R8A zoning allows for significant development potential, with the possibility of constructing a ten-story building. Its prime location offers easy access to Prospect Park, Washington Park, numerous subway lines (F, G, R, N, and D trains), bus services, and Citi Bikes. The surrounding area is rich with shopping, dining, and entertainment options. This vacant property is ideal for owner-occupants or investors seeking a 1031 exchange opportunity. The building's unique blend of historical character and modern updates makes it a truly rare find in this highly desirable Brooklyn location. The original floor plan included two residential units.

Highlights

  • Three-unit mixed-use building in Park Slope, Brooklyn, priced at $2,760,000.
  • Three-story brick corner building with ground-floor commercial space and two upper-floor residential units.
  • Features private parking, private terrace, hardwood/marble floors, high ceilings, and mahogany doors.
  • Full basement offers ample storage; renovated residential units include modern kitchens, spacious living areas, three bedrooms, and two bathrooms.
  • R8A zoning allows for significant development potential (up to ten stories).
  • Excellent location near Prospect Park, multiple subway lines (F, G, R, N, D), and abundant amenities.

Property Details for 432 4Th Ave

Property type
Other mixed-use properties, Mixed-use properties
Stories
3
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6710439
Longitude
-73.988732
432 4Th Ave, Brooklyn, New York
Leaflet | © OpenStreetMap contributors

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432 4Th Ave
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