406 4th Ave, Brooklyn, NY 11215

Property Description

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.