4-Unit Multifamily with 3 Vacant Units | Fort Greene

Highlights:

• 4-Unit Multifamily Building
• Approximately 3,488 SF across 4-stories
• Three of Four Units Delivered Vacant
• Prime Fort Greene Location
• 100% Free-Market
• Tax Class Protected
• Value Add Opportunity

Description:

TerraCRG is pleased to exclusively represent ownership in the sale of 410 Vanderbilt Avenue, a free-market, 4-story, 4-unit multifamily building comprising approximately 3,488 SF in Fort Greene, Brooklyn. Situated on one of the neighborhood’s most desirable residential blocks between Greene Avenue and Gates Avenue, the property presents a rare opportunity to acquire a value-add asset in one of Brooklyn’s most established and supply-constrained markets.
 
The building will be delivered with three of the four residential units vacant, creating a compelling value-add opportunity through renovation and lease-up. The property benefits from favorable tax-class protection, and with all units being free-market, it offers significant upside potential. The remaining occupied unit is anticipated to become vacant, potentially providing an investor with a fully vacant building. The property also presents an opportunity for conversion to condominiums or a single-family residence.
 
410 Vanderbilt Avenue benefits from an exceptional location just blocks from Fort Greene Park, the vibrant Vanderbilt Avenue retail corridor, Pacific Park, Barclays Center, and Atlantic Terminal. Residents enjoy convenient access to a wide range of dining, shopping, entertainment, and recreation options, with multiple subway lines and the Long Island Rail Road providing seamless connectivity throughout Brooklyn, Manhattan, and beyond.
 
The combination of significant vacancy, free-market tenancy, premier Fort Greene location, and long-term upside positions 410 Vanderbilt Avenue as a compelling value-add investment opportunity in one of Brooklyn’s most sought-after residential neighborhoods.