For Sale · Listing by Corcoran Group
48 4TH Avenue
Boerum Hill, Brooklyn
$3,600,000
48 4TH Avenue
MLS® #RLS20110936
Listing by Corcoran Group
- 7
- Bedrooms
- 3
- Baths
- 3,200
- Sq. Ft.
- 1900
- Year Built
Quick Summary
Property Highlights
- Views: Other
- Character: Pre-war building (1900)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Aug 25, 2026 | $3,600,000 | - |
| Currently | Aug 26, 2026 | $3,600,000 | - |
Description
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.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Boerum Hill
View All Boerum Hill ListingsBoerum Hill is a historic residential neighborhood with tree-lined streets and retail along Atlantic Avenue and Smith Street. Housing stock features three-story row houses and newer high-end condominium developments, with F/G subway service at Bergen Street.
Boerum Hill Live Market Data
View NeighborhoodActive Listings
22
Median Asking Price
$3.10M
Median $/Sqft
$1,433
Avg Days on Market
N/A
New This Week
1
Price Reduced
9%
Sold (30 Days)
10
Median Sale Price
$2.35M
Live data from RLS at REBNY • Updated 8/26/26, 9:20 AM EST
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Location
48 4TH Avenue, Boerum Hill, Kings County
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 $5,400, or roughly $450 per month. Verify the current assessment with your attorney before closing.
This property has 7 bedrooms and 3 full bathrooms.
The listed interior living area is 3,200 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1900, making it approximately 126 years old.
This listing is None
Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.
At the current list price of $3,600,000 for 3,200 sq ft, the asking price per square foot is approximately $1,125. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.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 - Anthony L Morris
Listing Contact: (646) 523-5711
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 8/26/2026 at 1:20 PM UTC
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Boerum Hill Market Update
10 sales last 30 days · $3.10M median · 2.2 months supply
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Quick Facts
Monthly Costs Estimate
$720,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$54,000
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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