--- title: "559 4th Avenue, New York City, NY 11215" description: "559 4th Avenue, New York City, NY 11215 — Multi Family Home in Park Slope, Brooklyn, NY. Listing Price $2,995,000. In contract 8/14/2026. 13 bed, 7 bath, 1,800 sqft Illustrative Buyer Commission Share of $44,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/559-4th-avenue-ny-11215" source: "Real Estate Rebate Team" status: "Pending" --- # 559 4th Avenue, New York City, NY 11215 Multi Family Home in Park Slope, Brooklyn, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $2,995,000 - **Status**: In contract 8/14/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 13 - **Baths**: 7 - **Sqft**: 1,800 - **Monthly Taxes**: $1,598 / mo - **Price per Sqft**: $1,664 - **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**: $2,995,000 - **Illustrative Buyer Commission Share**: -$44,925* - **Illustrative Net Cost**: $2,950,075 *Illustrative Buyer Savings of $44,925 — 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 (10) ![559 4th Avenue, New York City, NY 11215 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dad93d31-b6df-4568-81e7-5c633835b959.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a42a22d5-74c4-43cd-babc-795cb287f2e5.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/62c15483-0c46-403a-be68-8c3a2791c1d6.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4e439492-a4ee-479b-923c-0d1117dfe05b.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4053e65d-6b2e-4f92-9f0f-a38693313dbc.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/16838189-5bef-4776-bbfb-605a490656a4.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/369c974b-75e2-49ae-88cc-2c3db8c76934.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/27ee3591-b192-4623-8001-75eff03d8a62.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb091843-a83a-4e9f-ac96-1f06b362322b.jpg) ![559 4th Avenue, New York City, NY 11215 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/220f0f16-bb87-4b73-b1ae-284e80c63ab8.jpg) ## Property Overview 559 4th Avenue a/k/a 133-135 16th Street presents a rare mixed-use investment and development opportunity in the heart of the rapidly transforming Park Slope/Gowanus corridor. Situated on a prominent northeast corner lot, this income-producing property combines strong existing infrastructure with significant future upside through additional buildable square footage. The property sits on a 20 ft x 90 ft lot with a current built area of approximately 5,346 square feet and building dimensions of 20 ft x 90 ft. Zoned R8A / C2-4 within the Enhanced Commercial District - 1 (EC-1), the site offers substantial development potential Maximum buildable area of approximately 10,836 square feet, leaving additional buildable area available. Zoning & Development Highlights: Residential FAR: 6.02 Facility FAR: 6.5 Current FAR: 2.97 Max Buildable Area: 10,836 SF Current Built Area: 5,765 SF Property Features: Four residential rental apartments One basement studio unit Finished basement with kitchenette Two vacant commercial storefronts Two-car garage with electric garage door Most residential units to be delivered vacant Regular-shaped corner lot with northeast exposure Ground elevation: 54 ft This versatile mixed-use asset offers exceptional flexibility for investors, developers, end-users, or 1031 exchange buyers seeking immediate income with long-term redevelopment potential. The combination of vacant commercial space, residential units, garage parking, and unused FAR creates multiple value-add strategies ranging from luxury rentals and condominium conversion to mixed-use redevelopment or owner-occupancy. Perfectly positioned along bustling 4th Avenue with close proximity to transportation, retail corridors, dining, and the ongoing growth surrounding Gowanus and South Brooklyn, this is an opportunity to acquire a strategically located property with both stable fundamentals and meaningful future upside. ## Property Details - **Property Type**: Multi Family - **Beds**: 13 - **Baths**: 7 - **Rooms**: 30 - **Sqft**: 1,800 sqft - **Stories**: 3 - **Year Built**: 1931 - **Price per Sqft**: $1,664 - **Monthly Taxes**: $1,598 / mo - **Listed On**: May 14, 2026 - **Days on Market**: 122 Days ### Residence Features - Washer Hookup - In Unit - See Remarks - Assigned - Garage - Private Outdoor Space Over 60 Sqft - Smoke Free ### Building Amenities - Assigned - Garage ## Sales Evidence ### Recent closed sales 559 4th Avenue has 3 recorded sales since September 2021, the most recent for $2,475,000 in June 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 6B (Apartment) | 2 | — | $2,475,000 | — | June 18, 2025 | City record · MLS | | Entire property (Multi Family) | 5 | 3,000 | $3,500,000 | $1,167/ft² | October 31, 2024 | MLS | | 3 (Apartment) | 4 | 1,716 | $3,200,000 | $1,865/ft² | September 7, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable house sales in Park Slope is $3,400,000, based on 56 sales between October 2021 and August 2026. This home is asking $2,995,000, $405,000 below that median. The middle half of those sales closed between $2,576,250 and $3,942,500. - **Median closed price**: $3,400,000 - **Middle half**: $2,576,250 – $3,942,500 - **Based on**: 56 house sales in Park Slope - **Period**: October 2021 – August 2026 - **Median $/ft²**: $1,100/ft² Across the 42 of these sales with a published asking price, the median closed at 95.9% of what it originally asked. 60% 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 Park Slope. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 95.9% of the original ask - **Closed below ask**: 60% of 42 sales - **Listed → in contract**: 47 days (about 7 weeks) - **In contract → closed**: 73 days (about 10 weeks) Across the 42 of these sales with a published asking price, the median closed at 95.9% of what it originally asked. 60% of them closed below the original ask. Half of these homes were in contract within 47 days (about 7 weeks) of coming to market, based on the 55 with a recorded listing date. Once a deal was agreed, closing took a further 73 days (about 10 weeks), based on the 54 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 56 house sales in Park Slope, October 2021 – August 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 559 4TH Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/559-4th-avenue) ## Price and Property History for 559 4th Avenue Review the recorded listing activity for 559 4th Avenue, including asking-price changes and prior market dates. - **Entered contract**: August 14, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 14, 2026 | $2,995,000 | Entered contract | | May 14, 2026 | $2,995,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 559 4th Avenue were $19,271 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,051,200 | $11,700 | $1,039,500 | $154,167 | $19,271 | 12.5% (estimated) | | 2025 (FY 2025/26) | $876,150 | $11,700 | $864,450 | $154,166 | $19,271 | 12.5% (estimated) | | 2024 (FY 2024/25) | $730,080 | $11,700 | $718,380 | $142,749 | $17,844 | 12.5% | | 2023 (FY 2023/24) | $608,400 | $11,700 | $596,700 | $138,294 | $17,290 | 12.502% | | 2022 (FY 2022/23) | $619,200 | $11,700 | $607,500 | $128,063 | $15,709 | 12.267% | | 2021 (FY 2021/22) | $728,550 | $11,700 | $716,850 | $118,590 | $14,509 | 12.235% | | 2020 (FY 2020/21) | $883,800 | $11,700 | $872,100 | $118,589 | $14,547 | 12.267% | | 2019 (FY 2019/20) | $1,104,480 | $11,700 | $1,092,780 | $109,807 | $13,696 | 12.473% | | 2018 (FY 2018/19) | $106,380 | — | — | $106,380 | $13,417 | 12.612% | | 2017 (FY 2017/18) | $98,510 | — | — | $98,510 | $12,529 | 12.719% | | 2016 (FY 2016/17) | $91,223 | — | — | $91,223 | $11,760 | 12.892% | | 2015 (FY 2015/16) | $91,222 | — | — | $91,222 | $11,752 | 12.883% | | 2014 (FY 2014/15) | $84,467 | — | — | $84,467 | $10,858 | 12.855% | | 2013 (FY 2013/14) | $81,831 | — | — | $81,831 | $10,757 | 13.145% | | 2012 (FY 2012/13) | $75,777 | — | — | $75,777 | $9,988 | 13.181% | | 2011 (FY 2011/12) | $70,172 | — | — | $70,172 | $9,426 | 13.433% | | 2010 (FY 2010/11) | $70,171 | — | — | $70,171 | $9,370 | 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 3010470001. 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 ### 559 4th Avenue 559 4th Avenue, Brooklyn, NY 11215 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1931 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/559-4th-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/11215/559-4th-avenue-ny-11215) | 13 | 7 | 1,800 sqft | $1,664 | $2,995,000 — In contract | Corcoran Group | May 14, 2026 | 121 days | ## Estimated Monthly Payment **$16,742 / month**, assuming a 20% down payment ($599,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $15,144 - **Property Taxes**: $1,598 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Park Slope Overview of Park Slope [Explore Park Slope](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Park Slope - [Prospect Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) - [South Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/south-slope) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [Carroll Gardens real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/carroll-gardens) ## Related Links - [559 4TH Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/559-4th-avenue) - [Park Slope neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) - [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.