48 4th Avenue, Brooklyn, NY 11217
Local realty services provided by:CENTURY 21 Awaye Realty
48 4th Avenue,Brooklyn, NY 11217
$3,600,000
- 7 Beds
- 3 Baths
- 3,200 sq. ft.
- Multi-family
- Active
Listed by: anthony l morris, lisa james
Office: corcoran group
MLS#:RLS20110936
Source:NY_REBNY
Price summary
- Price:$3,600,000
- Price per sq. ft.:$1,125
About this home
Unlock the Potential at 48 4th Avenue<br> A Rare Brooklyn Value-Add & Development Opportunity <br> 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.<br> 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.<br> 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.<br> 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.<br> Investment Highlights<br> <ul> <li>Multifamily building</li> <li>Value-add repositioning opportunity</li> <li>Potential for vacant delivery</li> <li>Development potential for qualified purchasers to explore</li> <li>Attractive opportunity for long-term investors and developers</li> <li>May work for buyers considering a 1031 Exchange strategy</li> <li>Prime Brooklyn location with excellent connectivity and neighborhood amenities</li> </ul> Properties with this combination of location, flexibility, and future potential seldom become available.<br> Value-Add. Development Potential. Vacant Delivery. 1031 Exchange Opportunity.<br> One Property. Multiple Investment Strategies.<br> 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.<br>...
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Home facts
- Year built:1900
- Subdivision & Development:Boerum Hill
- Listing ID #:RLS20110936
- Added:1 day(s) ago
- Updated:August 26, 2026 at 01:07 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:10
- Basement:Yes
- Living area:3,200 sq. ft.
Structure and exterior
- Year built:1900
- Building area:3,200 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$3,600,000
- Price per sq. ft.:$1,125
- Tax amount:$5,400
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