394 4TH Street, New York City, NY 11215
Listing Courtesy of Corcoran Group
$3,650,000
Potential Rebate: $54,750
Overview
Located in the heart of prime Center Park Slope, this elegant four-story brownstone offers approximately 3,300 square feet of interior space, plus a full basement, on one of the neighborhood's most coveted tree-lined blocks. Rich in original detail and full of untapped potential, the property presents a rare opportunity to craft a truly custom residence or capitalize on a highly adaptable investment asset.<br> <br> Currently configured as a spacious two-bedroom, one-and-a-half-bath owner's duplex across the garden and parlor levels, the home also features two desirable rental units above: a full-floor, two-bedroom, one-bath apartment, and a bright, top-floor one-bedroom, one-bath. With each unit offering generous proportions and excellent light, the building is well positioned to generate substantial rental income from day one.<br> <br> The property offers multiple pathways to customize, making it endlessly versatile. You might convert it into a stately single-family home with five or more bedrooms, create an owner's triplex with a garden-level rental, or maintain the current multi-unit layout to maximize income potential. For developers, the townhouse also presents an enticing opportunity for boutique condo conversion, particularly given its location on sought-after 4th Street. The setting places you just moments from Prospect Park, the weekend farmers market, and the shops and cafes of 7th Avenue and 5th Avenue.<br> <br> Whether you're an end user seeking a dream home to shape over time or an investor looking for a flexible, income-generating asset in one of Brooklyn's most beloved neighborhoods, this classic Park Slope townhouse delivers on both charm and possibility<br>
Home Features
- •In Unit
- •Smoke Free
Estimated Monthly Payment
$18,844 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$54,750
Monthly savings impact
$152/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20038599
Price Analysis
Compare average listing prices and value metrics for 394 4TH Street against the surrounding Park Slope market.
Average List Price
Price Per SqFt
182.13% Higher
than the Park Slope price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Park Slope.
Park Slope
Overview of Park Slope
Park Slope is the quintessential family neighborhood of New York. Famous for its miles of brownstones, the expansive Prospect Park, and its progressive, literary vibe, it is often voted one of the best neighborhoods in America. For buyers seeking Park Slope Brooklyn real estate, it is the ultimate blend of beauty, community, and green space.
Living in Park Slope is idyllic. The avenues (5th and 7th) are lined with independent shops and strollers. As a premier Brooklyn NYC neighborhood, it sets the standard for brownstone living.
Real Estate & Housing Market
The market for homes for sale in Park Slope is premium. The "Gold Coast" along Prospect Park West features limestone mansions, while the side streets offer classic brownstones and co-ops.
Prices are high, especially for properties zoned for PS 321. It is a stable, high-value market that attracts families moving from Manhattan.
Lifestyle & Community
The lifestyle in Park Slope is active and community-focused. Residents spend weekends in Prospect Park, shop at the Park Slope Food Coop (if they are members), and dine at farm-to-table restaurants.
The community is known for being liberal, educated, and civic-minded. It is a "small town" within the big city.
Transportation & Accessibility
Park Slope is served by the F, G, R, 2, 3, B, and Q trains (depending on where in the slope you are). Commuting to Midtown takes 25-35 minutes.
The F train at 7th Avenue is the central hub for the neighborhood.
Parks, Schools & Amenities
Prospect Park is the neighborhood's backyard. Designed by the same creators as Central Park, it offers a zoo, a lake, and huge meadows. It is the center of life here.
Amenities are incredible: the Park Slope Food Coop, the Brooklyn Public Library, the Botanic Garden, and excellent public schools make it a self-contained paradise.
Who This Neighborhood Is Best For
Park Slope is best for families, writers, runners, and anyone who prioritizes parks, schools, and community over nightlife.
