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48 4th AvenueBrooklyn, NY 11217

For Sale

$3,600,000

Smart Buyer Rebate $45,000

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.

Listed by Anthony L Morris

·

Corcoran Group

·

(646) 523-5711

Listed by Lisa James

·

Corcoran Group

Last updated September 03, 2026

·

Source: REBNY #RLS20110936

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeMulti-family
  • NeighborhoodBoerum Hill
  • Bedrooms7
  • Bathrooms3
  • Days on Prevu21
  • Taxes$5,400/year
  • Size3,200 sqft
  • Price per sqft$1,125

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

08/25/2026
Listed by Corcoran Group
$3,600,000
  1. 08/25/2026$3,600,000
    Listed by Corcoran Group

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$54,000
Title Insurance
$16,200
Bank Attorney
$1,500
Mortgage Recording Tax
$55,440
Other Closing Costs
$4,000
Total
$135,140

Estimated closing costs are based on the list price of $3,600,000 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 48 4th Avenue

Association

Amenities

  • Pets Allowed: Building Yes, No

Exterior

Construction

  • Number Of Units Total: 3
  • Stories Total: 3
  • Structure Type: Townhouse
  • Year Built: 1900
  • Entry Level: 1

Measurements

  • Building Area Total: 3,200
  • Building Area Units: SquareFeet
  • Lot Size Area: 856
  • Lot Size Dimensions: 42
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 00192-0041
  • Tax Annual Amount: $5,400.00

Interior

Features

  • Interior Features: Smoke Free

Measurements

  • Living Area: 3,200
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 7
  • Rooms Total: 10

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Boerum Hill
  • Tax Block: 00192
  • Tax Lot: 0041

Utilities

Equipment

  • Laundry Features: In Unit

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 7 bedrooms and 3 bathrooms in this multi-family home at 48 4th Avenue.

What are the annual taxes for 48 4th Avenue?

Annual taxes for this multi-family home are estimated at $5,400.

How does 48 4th Avenue compare to other multi-family homes in Boerum Hill?

This multi-family home is listed 29% below the average price for multi-family homes in Boerum Hill and has been on the market for 38 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,200 sqft.

48 4th Avenue is a 7-bedroom, 3-bath multi-family home for sale in Brooklyn NY 11217. Available on Prevu for 21 days at $3,600,000. This residence features 3,200 square feet of living space, located in Boerum Hill. The median listing price for multi-family homes in this area is $3,475,000. Additional amenities include private outdoor space. View other multi-family home listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the 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. 2026 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.