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542-544 4th Ave 2 Multifamily Properties Offered at $8,300,000 in Brooklyn, NY
Executive Summary
542–544 FOURTH AVENUE | GOWANUS, BROOKLYN
Prime Development Opportunity
Asking Price: $8,300,000
A rare opportunity to acquire two contiguous development parcels in the heart of Gowanus, one of Brooklyn’s fastest-growing neighborhoods.
Development Potential
? Combined Land Area: ±3,862 SF
? Buildable: Approximately 18,000 SF (6.0 FAR) or 21,600 SF (7.2 FAR), subject to zoning verification.
Investment Highlights
? Rare two-lot assemblage on Fourth Avenue
? Potential for up to 21,600 buildable SF
? Ideal for condominium, multifamily, or mixed-use development
? Minutes from Park Slope, Carroll Gardens, Boerum Hill, Downtown Brooklyn, and multiple subway lines
? Located in one of Brooklyn’s strongest growth corridors with continued residential and commercial investment
Development sites of this scale are becoming increasingly scarce in Gowanus. 542–544 Fourth Avenue offers the location, scale, and long-term upside sought by today’s leading developers.
Prime Development Opportunity
Asking Price: $8,300,000
A rare opportunity to acquire two contiguous development parcels in the heart of Gowanus, one of Brooklyn’s fastest-growing neighborhoods.
Development Potential
? Combined Land Area: ±3,862 SF
? Buildable: Approximately 18,000 SF (6.0 FAR) or 21,600 SF (7.2 FAR), subject to zoning verification.
Investment Highlights
? Rare two-lot assemblage on Fourth Avenue
? Potential for up to 21,600 buildable SF
? Ideal for condominium, multifamily, or mixed-use development
? Minutes from Park Slope, Carroll Gardens, Boerum Hill, Downtown Brooklyn, and multiple subway lines
? Located in one of Brooklyn’s strongest growth corridors with continued residential and commercial investment
Development sites of this scale are becoming increasingly scarce in Gowanus. 542–544 Fourth Avenue offers the location, scale, and long-term upside sought by today’s leading developers.
Property Facts
| Price | $8,300,000 | Number of Properties | 2 |
| Price / SF | $667.85 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 12,428 SF | |
| Sale Type | Investment | Total Land Area | 0.06 AC |
| Status | Active |
| Price | $8,300,000 |
| Price / SF | $667.85 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,428 SF |
| Total Land Area | 0.06 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 542 4th Ave, Brooklyn, NY 11215 | Multifamily | 7,800 SF | 1931 | - |
| 544 4th Ave, Brooklyn, NY 11215 | Multifamily | 4,628 SF | 1931 | - |
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542-544 4th Ave