48 4TH Avenue, New York City, NY 11217

• 7 beds |
• 3 baths |
• 3,200 sqft

Property 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.

Listing Status:

Active

Date Added:

August 25, 2026

Data Last Updated:

October 7, 2026 at 6:18AM

Listing Office:

Corcoran Group : (212) 355-3550

Listing Agent:

Anthony L Morris : (646) 523-5711

MLS ID:

RLS20110936

Interior

• General: Smoke Free
• Laundry: In Unit
• Basement: Other
• A/C: None

Exterior

• General: Private Outdoor Space Under 60 Sqft
• Pool: Building None

Construction

• General: 3

Location

• Originating MLS: RLS_REBNY
• County: Kings

Lot

• Zoning: 00192-0041
• View: Other

Financial

• Source: RLS_REBNY