For Sale · Listing by Compass
406 4th Avenue
Gowanus, Brooklyn
$1,500,000
406 4th Avenue
MLS® #RLS20104275
Listing by Compass
- 16
- Bedrooms
- 8
- Baths
- 5,868
- Sq. Ft.
- 1931
- Year Built
Quick Summary
Property Highlights
- Style: WalkUp architecture
- Climate Control: Other
- Character: Pre-war building (1931)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Jul 24, 2026 | $1,500,000 | - |
| Currently | Jul 25, 2026 | $1,500,000 | - |
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.
Features & Amenities
Interior Features
Building Information
Financial Details
About Gowanus
View All Gowanus ListingsGowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Terminal a short walk north. Washington Park and the Old Stone House landmark anchor the neighborhood's green space, while a major rezoning is bringing thousands of new residential units and waterfront parkland to the area.
Gowanus Live Market Data
View NeighborhoodActive Listings
12
Median Asking Price
$1.72M
Median $/Sqft
$972
Avg Days on Market
N/A
New This Week
1
Price Reduced
67%
Sold (30 Days)
1
Median Sale Price
$1.29M
Live data from RLS at REBNY • Updated 7/24/26, 10:30 PM EST
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Location
406 4th Avenue, Gowanus, Kings County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $375 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $16,776, or roughly $1,398 per month. Verify the current assessment with your attorney before closing.
This property has 16 bedrooms and 8 full bathrooms.
The listed interior living area is 5,868 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1931, making it approximately 95 years old.
This listing is None
Pet policy requires confirmation with Milton Coste.
At the current list price of $1,500,000 for 5,868 sq ft, the asking price per square foot is approximately $256. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Roseanne Degliuomini
Listing Contact: (718) 710-1844
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 7/25/2026 at 2:30 AM UTC
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Quick Facts
Monthly Costs Estimate
$300,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
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