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… Read More 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. Read Less
Listing Courtesy of: Anthony L Morris, Corcoran Group
Listing Snapshot
Days Online
6
Last Updated
Property Type
MultiFamily
Beds
7
Full Baths
3
Square Ft.
3,200
Year Built
1900
MLS Number
RLS20110936
Additional Details
Building
Built in 1900, Living area: 3200.0, Living area units: SquareFeet, 3 stories, Entry level: 1
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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