• Located just steps from Atlantic Avenue and the Barclays Center, 40 4th Avenue is a fully free-market, mixed-use asset in one of Brooklyn’s most dynamic and rapidly evolving neighborhoods at the nexus of Boerum Hill, Park Slope, and Downtown Brooklyn
• This 4,000 square foot property is comprised of five residential units and one ground-floor commercial space. Apartments 1 and 2F have been recently renovated, offering elevated finishes and higher rents, with the average in-place residential rent already topping $3,000 per month.
• With a competitive price point of $800 per square foot, this asset presents compelling value relative to nearby trades, especially given the strong in-place income and room for rental growth. The commercial tenant is currently on a month-to-month lease, providing flexibility for repositioning or lease-up at higher market rents.
• The property is surrounded by new developments, major transit options, and continued infrastructure investment. 40 4th Avenue is a rare chance to own a high-quality, 100% free-market asset with upside in a premier Brooklyn corridor.