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394 4th StreetBrooklyn, NY 11215

For Sale

$3,850,000

Smart Buyer Rebate $48,125

OPEN HOUSE THIS SUNDAY BY APPOINTMENTS ONLY!!!!!
Located in the heart of prime Center Park Slope, this elegant four-story brownstone offers nearly 3,100 square feet of interior space, plus a full basement, on one of the neighborhood's most coveted tree-lined blocks.  Rich in original detail and full of untapped potential, the property presents a rare opportunity to craft a truly custom residence or capitalize on a highly adaptable investment asset.

Currently configured as a spacious two-bedroom, one-and-a-half-bath owner's duplex across the garden and parlor levels, the home also features two desirable rental units above: a full-floor, two-bedroom, one-bath apartment, and a bright, top-floor one-bedroom, one-bath.  With each unit offering generous proportions and excellent light, the building is well positioned to generate substantial rental income from day one.

The property offers multiple pathways to customize, making it endlessly versatile. You might convert it into a stately single-family home with five or more bedrooms, create an owner's triplex with a garden-level rental, or maintain the current multi-unit layout to maximize income potential. For developers, the townhouse also presents an enticing opportunity for boutique condo conversion, particularly given its location on sought-after 4th Street. The setting places you just moments from Prospect Park, the weekend farmers market, and the shops and cafes of 7th Avenue and 5th Avenue.

Whether you're an end user seeking a dream home to shape over time or an investor looking for a flexible, income-generating asset in one of Brooklyn's most beloved neighborhoods, this classic Park Slope townhouse delivers on both charm and possibility

Listed by Dwayne C Powell

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License #40PO1142742

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Corcoran Group

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(917) 309-2414

Listed by Linda M Peng

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License #10301213787

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Corcoran Group

Last updated September 07, 2025

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Source: REBNY #RLS20038599

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Slope
  • Bedrooms5
  • Bathrooms3
  • Days on Prevu48
  • Taxes$9,696/year

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

07/22/2025
Listed by Corcoran Group
$3,850,000

Estimated Closing Costs

Total
$143,865
Attorney Fees
$4,000
NYC Mansion Tax
$57,750
Title Insurance
$17,325
Bank Attorney
$1,500
Mortgage Recording Tax
$59,290
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $3,850,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 394 4th Street

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 3
  • Property Condition: Good Condition
  • Stories Total: 3
  • Structure Type: Townhouse
  • Year Built: 1901
  • Entry Level: 1

Measurements

  • Building Area Total: 810
  • Building Area Units: SquareFeet
  • Lot Size Area: 1,800
  • Lot Size Dimensions: 100
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $9,696.00

Interior

Features

  • Interior Features: Smoke Free

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 5
  • Rooms Total: 13

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Park Slope
  • Tax Block: 00986
  • Tax Lot: 0018

Utilities

Equipment

  • Laundry Features: In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.