406 4th Avenue
$1,500,000
MLS# RLS20104275 · Gowanus
Listed July 24, 2026 · 110 days on the market
16 Beds 8 Baths 5,868 Sq.Ft.
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Compass.
Eight residences sit in this four-story walk-up at 406 4th Avenue. The listing says the building is fully occupied and that its apartments are rent stabilized, and it also cites recent upgrades and a new roof.
The building covers 5,868 square feet across its four stories and eight residences.
The 4 Av-9 St station, served by the F, G and R, is about 2 minutes away on foot, and Washington Park is about 3 minutes away.
Foodtown and Whole Foods Market are each about 5 minutes away on foot for everyday shopping.
Quick answers+
How many residences does the building have?
The building has eight residences.
Is the building a walk-up?
Yes, it is a four-story walk-up.
How large is the building?
The listing gives the building as 5,868 square feet.
Curtis Bain
Brown Harris Stevens
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$9,358 / month
- Principal and interest$7,585
- Common charges$375
- Property taxes$1,398
Due at closing
- Down payment (20%)$300,000
- NYS “mansion tax” (1%)$15,000
- Mortgage recording tax (1.925%)$23,100
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
406 4th Avenue is a 4-story walk-up apartments in Gowanus, completed in 1931 and home to 8 residential units.
The closest subway is 4 Av-9 St (F, G, R), about a 2-minute walk. Washington Skate Park is roughly 2 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1931
- Stories
- 4
- Units
- 8
- Building Type
- Walk-Up Apartments
Location & Nearby
Map
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406 4th Avenue
Subway
- FGR4 Av-9 StAbout 2 min walk
- RUnion StAbout 11 min walk
- FGSmith-9 StsAbout 12 min walk
Parks
- Washington Skate ParkAbout 2 min walk
- Washington ParkAbout 3 min walk
Public schools · Elementary schools
- The Maurice Sendak Community SchoolAbout 2 min walk
- P.S. 39 Henry BristowAbout 9 min walk
- P.S. 124 Silas B. DutcherAbout 9 min walk
Middle schools
- M.S. 51 William AlexanderAbout 4 min walk
- M.S. K266 - Park Place Community Middle SchoolAbout 19 min walk
High schools
- Park Slope CollegiateAbout 13 min walk
- Millennium Brooklyn HSAbout 13 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Gowanus is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Gallery
Property Photos
Listing Courtesy of Compass
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 The Real Estate Board of New York, Inc., All rights reserved.