--- title: "48 4th Avenue, New York City, NY 11217" description: "48 4th Avenue, New York City, NY 11217 — Multi Family Home in Boerum Hill, Brooklyn, NY. Listing Price $3,600,000. 7 bed, 3 bath, 3,200 sqft Illustrative Buyer Commission Share of $54,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11217/48-4th-avenue-ny-11217" source: "Real Estate Rebate Team" dateModified: "2026-08-25T17:22:50.243Z" status: "Active" --- # 48 4th Avenue, New York City, NY 11217 Multi Family Home in Boerum Hill, Brooklyn, NY Courtesy of Corcoran Group Last updated: August 25, 2026, 1:22 PM ## At a Glance - **Listing Price**: $3,600,000 - **Beds**: 7 - **Baths**: 3 - **Sqft**: 3,200 - **Monthly Taxes**: $450 / mo - **Price per Sqft**: $1,125 - **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**: $3,600,000 - **Illustrative Buyer Commission Share**: -$54,000* - **Illustrative Net Cost**: $3,546,000 *Illustrative Buyer Savings of $54,000 — 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 (4) ![48 4th Avenue, New York City, NY 11217 — photo 1 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7547e8fd-330e-491d-8362-423ae70dbd4d.jpg) ![48 4th Avenue, New York City, NY 11217 — photo 2 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ac273d92-c553-4195-879b-e1d737f0624e.jpg) ![48 4th Avenue, New York City, NY 11217 — photo 3 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ed619002-fd05-4820-8a3f-318adf155b45.jpg) ![48 4th Avenue, New York City, NY 11217 — photo 4 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d46eb6e-86c4-48a2-9cbc-dc560990fb7a.jpg) ## Property Overview Unlock the Potential at 48 4th Avenue A Rare Brooklyn Value-Add & Development Opportunity Introducing 48 4th Avenue-an exceptional multifamily investment opportunity positioned along one of Brooklyn's most dynamic commercial and residential corridors. Whether you're an investor seeking a value-add acquisition, a developer evaluating future potential, or a long-term owner looking to expand your portfolio, this property offers the flexibility to create value in a highly desirable location. With the potential to be delivered vacant, 48 4th Avenue presents a unique opportunity to renovate, reposition, redevelop, or reimagine the asset to meet your investment objectives. Opportunities offering this level of flexibility in a prime Brooklyn location are increasingly rare. For investors pursuing tax-deferred investment strategies, 48 4th Avenue may also warrant consideration as a potential replacement property in a 1031 Exchange, subject to each purchaser's individual investment objectives and consultation with their legal and tax advisors. Ideally situated on the vibrant 4th Avenue corridor, the property benefits from proximity to established residential neighborhoods, neighborhood retail, restaurants, parks, and convenient public transportation-location fundamentals that continue to attract investors seeking long-term appreciation and redevelopment opportunities. Investment Highlights Multifamily building Value-add repositioning opportunity Potential for vacant delivery Development potential for qualified purchasers to explore Attractive opportunity for long-term investors and developers May work for buyers considering a 1031 Exchange strategy Prime Brooklyn location with excellent connectivity and neighborhood amenities Properties with this combination of location, flexibility, and future potential seldom become available. Value-Add. Development Potential. Vacant Delivery. 1031 Exchange Opportunity. One Property. Multiple Investment Strategies. Prospective purchasers should consult with their attorney, accountant, and qualified intermediary regarding the applicability of Section 1031 of the Internal Revenue Code to their individual circumstances. ## Property Details - **Property Type**: Multi Family - **Beds**: 7 - **Baths**: 3 - **Rooms**: 10 - **Sqft**: 3,200 sqft - **Stories**: 3 - **Year Built**: 1900 - **Price per Sqft**: $1,125 - **Monthly Taxes**: $450 / mo - **Listed On**: Aug 25, 2026 - **Days on Market**: 42 Days ### Residence Features - In Unit - Private Outdoor Space Under 60 Sqft - Smoke Free ## Estimated Monthly Payment **$18,654 / month**, assuming a 20% down payment ($720,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $18,204 - **Property Taxes**: $450 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $3,600,000 - **Median sold price**: $5,095,000 - **Difference**: -$1,495,000 (-29.3%) - **This home, $/ft²**: $1,125 - **Median $/ft²**: $1,147 - **Comparable sales**: 13 - **Sales from**: August 2022 – August 2026 - **Middle half of those sales**: $3,505,000 – $7,500,000 Based on house sales in Boerum Hill. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Boerum Hill. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 97.7% (12 sales) - **Sold below asking**: 58% (12 sales) - **Typical time to find a buyer**: 67 days (13 sales) - **Typical time to close**: 76 days (12 sales) Based on house sales in Boerum Hill with the required listing and closing data. Sample sizes vary by metric. 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. Sales data through August 2026. 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 48 4TH Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/48-4th-avenue) ## Property Tax History Taxes at 48 4th Avenue were $5,472 in 2026, up 0.5% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $280,140 | $20,460 | $259,680 | $28,663 | $5,472 | 20.085% (estimated) | | 2025 (FY 2025/26) | $216,720 | $20,460 | $196,260 | $28,446 | $5,444 | 20.085% (estimated) | | 2024 (FY 2024/25) | $194,820 | $20,460 | $174,360 | $26,837 | $5,109 | 20.085% | | 2023 (FY 2023/24) | $208,980 | $20,460 | $188,520 | $25,319 | $4,804 | 20.085% | | 2022 (FY 2022/23) | $228,960 | $20,460 | $208,500 | $23,886 | $4,554 | 20.309% | | 2021 (FY 2021/22) | $210,540 | $20,460 | $190,080 | $23,886 | $4,481 | 19.963% | | 2020 | The City did not publish assessment data for this year. | — | — | — | — | — | | 2019 | The City did not publish assessment data for this year. | — | — | — | — | — | | 2018 (FY 2018/19) | $21,099 | — | — | $21,099 | $4,414 | 20.919% | | 2017 (FY 2017/18) | $19,905 | — | — | $19,905 | $4,058 | 20.385% | | 2016 (FY 2016/17) | $19,905 | — | — | $19,905 | $3,979 | 19.991% | | 2015 (FY 2015/16) | $19,754 | — | — | $19,754 | $3,863 | 19.554% | | 2014 (FY 2014/15) | $18,637 | — | — | $18,637 | $3,570 | 19.157% | | 2013 (FY 2013/14) | $17,583 | — | — | $17,583 | $3,374 | 19.191% | | 2012 (FY 2012/13) | $16,588 | — | — | $16,588 | $3,080 | 18.569% | | 2011 (FY 2011/12) | $16,588 | — | — | $16,588 | $3,020 | 18.205% | | 2010 (FY 2010/11) | $16,462 | — | — | $16,462 | $2,858 | 17.364% | 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 3001920041. 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 ### 48 4th Avenue 48 4th Avenue, Brooklyn, NY 11217 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1900 - **Active Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/48-4th-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/11217/48-4th-avenue-ny-11217) | 7 | 3 | 3,200 sqft | $1,125 | $3,600,000 | Corcoran Group | Aug 25, 2026 | 42 days | ## Boerum Hill Overview of Boerum Hill [Explore Boerum Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Boerum Hill - [Cobble Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cobble-hill) - [Downtown Brooklyn real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/downtown-brooklyn) - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) - [Carroll Gardens real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/carroll-gardens) - [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) - [Brooklyn Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brooklyn-heights) ## Related Links - [48 4TH Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/48-4th-avenue) - [Boerum Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [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.