--- title: "406 4th Avenue, New York City, NY 11215" description: "406 4th Avenue, New York City, NY 11215 — Multi Family Home in Gowanus, Brooklyn, NY. Listing Price $1,500,000. 16 bed, 8 bath, 5,868 sqft Illustrative Buyer Commission Share of $22,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/406-4th-avenue-ny-11215" source: "Real Estate Rebate Team" status: "Active" --- # 406 4th Avenue, New York City, NY 11215 Multi Family Home in Gowanus, Brooklyn, NY Courtesy of Compass ## At a Glance - **Listing Price**: $1,500,000 - **Beds**: 16 - **Baths**: 8 - **Sqft**: 5,868 - **Common Charges**: $375 / mo - **Monthly Taxes**: $1,398 / mo - **Price per Sqft**: $256 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,500,000 - **Illustrative Buyer Commission Share**: -$22,500* - **Illustrative Net Cost**: $1,477,500 *Illustrative Buyer Savings of $22,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![406 4th Avenue, New York City, NY 11215 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2e14da79-5d1d-481e-a300-b41cb479b38d.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7c727d4a-ddb5-484a-b40e-febc4eb801c1.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/76914627-f0ce-456e-8ce7-006627222db0.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1580fac-c729-4e3d-9b68-ccc38ccdbdb2.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2db77346-5342-48cf-8873-f1e3ae70494f.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5225baa9-6b27-455e-906b-692928d5b74c.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f4999c67-0144-49e6-b34c-9f1e0ea3550d.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c96f5b69-c274-4459-834e-9194ded267ca.jpg) ![406 4th Avenue, New York City, NY 11215 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/61c22e46-4ae3-4e52-b394-b3fa89dc986b.jpg) ## Property Overview 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. ## Property Details - **Property Type**: Multi Family - **Beds**: 16 - **Baths**: 8 - **Rooms**: 23 - **Sqft**: 5,868 sqft - **Stories**: 4 - **Year Built**: 1931 - **Price per Sqft**: $256 - **Common Charges**: $375 / Monthly - **Monthly Taxes**: $1,398 / mo - **Listed On**: Jul 24, 2026 - **Days on Market**: 44 Days ### Residence Features - See Remarks - Partial ## Sales Evidence ### How this price compares The median closed price for comparable house sales in Gowanus is $2,195,000, based on 9 sales between December 2021 and July 2026. This home is asking $1,500,000, $695,000 below that median. The middle half of those sales closed between $1,760,000 and $2,725,000. - **Median closed price**: $2,195,000 - **Middle half**: $1,760,000 – $2,725,000 - **Based on**: 9 house sales in Gowanus - **Period**: December 2021 – July 2026 Square footage is recorded for only 4 of these 9 sales (44%), so no price per square foot is shown for this group. Floor areas are usually recorded for house sales, so this is a thin patch in the records rather than the norm. Across the 9 of these sales with a published asking price, the median closed at 92.8% of what it originally asked. 78% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Gowanus. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 92.8% of the original ask - **Closed below ask**: 78% of 9 sales - **Listed → in contract**: 51 days (about 7 weeks) - **In contract → closed**: 96 days (about 14 weeks) Across the 9 of these sales with a published asking price, the median closed at 92.8% of what it originally asked. 78% of them closed below the original ask. Half of these homes were in contract within 51 days (about 7 weeks) of coming to market, based on the 9 with a recorded listing date. Once a deal was agreed, closing took a further 96 days (about 14 weeks), based on the 9 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 9 house sales in Gowanus, December 2021 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 406 4th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-4th-avenue) ## Property Tax History Taxes at 406 4th Avenue were $18,165 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,125,450 | $8,550 | $1,116,900 | $145,319 | $18,165 | 12.5% (estimated) | | 2025 (FY 2025/26) | $937,800 | $8,550 | $929,250 | $134,557 | $16,820 | 12.5% (estimated) | | 2024 (FY 2024/25) | $781,380 | $8,550 | $772,830 | $134,555 | $16,819 | 12.5% | | 2023 (FY 2023/24) | $651,150 | $8,550 | $642,600 | $130,352 | $16,297 | 12.502% | | 2022 (FY 2022/23) | $542,700 | $8,550 | $534,150 | $120,721 | $14,809 | 12.267% | | 2021 (FY 2021/22) | $528,300 | $8,550 | $519,750 | $111,784 | $13,677 | 12.235% | | 2020 (FY 2020/21) | $578,250 | $8,550 | $569,700 | $103,505 | $12,697 | 12.267% | | 2019 (FY 2019/20) | $635,040 | $8,550 | $626,490 | $103,504 | $12,910 | 12.473% | | 2018 (FY 2018/19) | $100,271 | — | — | $100,271 | $12,646 | 12.612% | | 2017 (FY 2017/18) | $92,862 | — | — | $92,862 | $11,811 | 12.719% | | 2016 (FY 2016/17) | $85,988 | — | — | $85,988 | $11,086 | 12.892% | | 2015 (FY 2015/16) | $79,619 | — | — | $79,619 | $10,257 | 12.883% | | 2014 (FY 2014/15) | $79,619 | — | — | $79,619 | $10,235 | 12.855% | | 2013 (FY 2013/14) | $77,132 | — | — | $77,132 | $10,139 | 13.145% | | 2012 (FY 2012/13) | $71,433 | — | — | $71,433 | $9,416 | 13.181% | | 2011 (FY 2011/12) | $66,145 | — | — | $66,145 | $8,885 | 13.433% | | 2010 (FY 2010/11) | $61,246 | — | — | $61,246 | $8,178 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3009920037. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 406 4th Avenue Gowanus · Multi Family 406 4th Avenue, Brooklyn, NY 11215 A building in Gowanus, currently featuring 1 active listing. - **Year Built**: 1931 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-4th-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/406-4th-avenue-ny-11215) | 16 | 8 | 5,868 sqft | $256 | $1,500,000 | Compass | Jul 24, 2026 | 44 days | ## Estimated Monthly Payment **$9,358 / month**, assuming a 20% down payment ($300,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,585 - **Property Taxes**: $1,398 - **Common Charges**: $375 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Gowanus Overview of Gowanus [Explore Gowanus](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Gowanus - [Carroll Gardens real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/carroll-gardens) - [Park Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) - [Cobble Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cobble-hill) - [Red Hook real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/red-hook) ## Related Links - [406 4th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/406-4th-avenue) - [Gowanus neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.