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  1. Home
  2. 406 4th Avenue
  • 406 4th Avenue
  • $ 1,500,000
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215

406 4th Avenue

Gowanus   |   6th Street & 7th Street

Building For Sale
$ 1,500,000
Ownership Income Property
Lot Size 26'8"x75'
Floors/Apts 4/8
Status Active
Real Estate Taxes [Per Annum] $ 16,776
Building Type Low-Rise
Building Size 27'x56'
Year Built 1931
ASF/ASM 5,868/545
Listing ID: 107338TH

Photos

406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215

Anny Yau

License Licensed As: Anny Yau

Real Estate Broker


W: 347-921-2111

Floor Plan

406 4th Avenue Gowanus Brooklyn NY 11215

Anny Yau

License Licensed As: Anny Yau

Real Estate Broker


W: 347-921-2111
406 4th Avenue Gowanus 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.
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.

Listing Courtesy of Compass

Anny Yau

License Licensed As: Anny Yau

Real Estate Broker


W: 347-921-2111

Care to take a look at this property?

Apartment Features

A/C
406 4th Avenue Gowanus Brooklyn NY 11215
406 4th Avenue Gowanus Brooklyn NY 11215

Building Details [406 4th Avenue]

Ownership Income Property
Access Walk-up
Block/Lot 992/37
Building Size 27'x56'
Zoning C4-4D
Building Type Low-Rise
Year Built 1931
Floors/Apts 4/8
Lot Size 26'8"x75'

Mortgage Calculator in [US Dollars]

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Loan Amount

Anny Yau

License Licensed As: Anny Yau

Real Estate Broker


W: 347-921-2111
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 REBNY Listing Service, Inc. All rights reserved. All information is intended only for the Registrant’s personal, non-commercial use. RLS Data display by BC Realty Group. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 107338TH