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USANYNew YorkBoerum Hill48 4Th Ave
Listing image | Image 1

48 4Th Ave, New York, NY

House

For Sale

Listed price in listed location currency (USD).
$3,600,000

730

MLS® RLS20110936

Overview

Key Facts

Type Multi Family
Levels Residential
Size 3200 sqft
Garage 
Taxes $5,400
Days Active 1
Lot Size 856.6 SF
Approx. Age 1900
Avg. Price Per Sqft $1,125
MLS® Number RLS20110936

Property Address: 48 4th Ave, New York, NY, 10003-5201

Average square foot calculated using Size range provided by listing agent.

Description

Unlock the Potential at 48 4th Avenue<br> A Rare Brooklyn Value-Add & Development Opportunity <br> 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.<br> 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.<br> 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.<br> 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.<br> Investment Highlights<br> <ul> <li>Multifamily building</li> <li>Value-add repositioning opportunity</li> <li>Potential for vacant delivery</li> <li>Development potential for qualified purchasers to explore</li> <li>Attractive opportunity for long-term investors and developers</li> <li>May work for buyers considering a 1031 Exchange strategy</li> <li>Prime Brooklyn location with excellent connectivity and neighborhood amenities</li> </ul> Properties with this combination of location, flexibility, and future potential seldom become available.<br> Value-Add. Development Potential. Vacant Delivery. 1031 Exchange Opportunity.<br> One Property. Multiple Investment Strategies.<br> 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.<br>
MLS® NumberRLS20110936
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementOther
Driveway
Garage Spaces
Heat
A/C

Extras

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