559 4TH Avenue
MLS® #RLS20091449
Listing by Corcoran Group
13
Bedrooms
7
Baths
N/A
Sq. Ft.
N/A
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Dual
- Parking: Private garage with 2 spaces
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | May 14, 2026 | $2,995,000 | - |
| Currently | May 15, 2026 | $2,995,000 | - |
Description
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 with a 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
- 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
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.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Park Slope
View All Park Slope ListingsPark Slope is a well-known Brooklyn neighborhood, recognized for its tree-lined streets and preserved brownstones. Bordering the western edge of Prospect Park, the neighborhood offers convenient access to green space. The real estate market features a mix of historic townhouses, cooperatives, and modern condominiums, within walking distance of the park.
Park Slope Live Market Data
View NeighborhoodActive Listings
122
Median Asking Price
$1.70M
Median $/Sqft
$1,455
Avg Days on Market
N/A
New This Week
22
Price Reduced
16%
Sold (30 Days)
3
Median Sale Price
$1.76M
Live data from RLS at REBNY • Updated 5/15/26, 6:40 PM EST
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Location
559 4TH Avenue, Park Slope, Kings County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $19,176, or roughly $1,598 per month. Verify the current assessment with your attorney before closing.
This property has 13 bedrooms and 7 full bathrooms.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Corcoran Group - Erica Nieves
Listing Contact: (646) 764-6094
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/15/2026 at 10:40 PM UTC