---
title: "406 4th Avenue, Brooklyn, NY 11215"
description: "406 4th Avenue, Brooklyn, NY 11215 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,500,000. Est. potential buyer savings up to $37,500 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/406-4th-avenue-ny-11215"
source: "Real Estate Rebate Team"
---

# 406 4th Avenue, Brooklyn, NY 11215

> **Listing Courtesy of:** Compass

## 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.

## Property Details

- **Price**: $1,500,000
- **Potential Buyer Rebate**: $37,500
- **Bedrooms**: 16
- **Bathrooms**: 8
- **Living Area**: 5,868 sqft
- **Property Type**: Residential
- **Year Built**: 1931
- **Building**: 406 4th Avenue
- **Neighbourhood**: Gowanus
- **Area / Borough**: Brooklyn
- **Subdivision**: Gowanus
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$37,500** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/406-4th-avenue)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/gowanus)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.