Once known for its heavy traffic, limited pedestrian appeal, and uneven architectural character, Brooklyn’s Fourth Avenue has long been a corridor in transition. The 2003 rezoning spearheaded by then-mayor Michael Bloomberg and City Planning Commissioner Amanda Burden—the first of more than a hundred rezonings citywide—was intended to transform the corridor into a “grand boulevard of the 21st century.”
The new rules required ground-floor retail in at least half of all new buildings, banned parking along street frontage, mandated transparent storefronts for window-shopping, and tightly limited curb cuts to make sidewalks safer and more comfortable.
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Two decades later, signs of that original ambition are finally taking shape. Fourth Avenue’s convenient subway line, proximity to Park Slope and the emerging Gowanus district, and $54 million in new flood-resilience investments—including underground storm sewers to capture runoff from Park Slope and protect against surges from the canal—are reshaping both the street and its reputation.
Long known as part of the New York City Marathon route and visually anchored by landmark One Hanson Place (just off Fourth but unmistakably its focal point), the avenue is shedding its image of neglect and evolving into the lively, connected boulevard planners once envisioned, stretching from Fort Greene to Sunset Park.
Architecturally, Fourth Avenue is now a blend of eras: early 20th-century walk-ups sit beside glassy new towers, while entire blocks in Gowanus and Sunset Park are being redefined by large-scale, mixed-income projects. The avenue continues to evolve, balancing community concerns about scale and character with growing demand for housing near subways, parks, and cultural hubs.
On Fourth Avenue, glassy new buildings are taking shape alongside prewar walkups (251 First)
Pricing has mirrored this transformation. Early condo projects launched after the 2003 rezoning, like The Argyle, sold in the range of $550–$900 per square foot, with three-bedroom units closing around $725K in the wake of the 2008 financial downturn. By the mid-2010s, rental prices in Park Slope and Gowanus had climbed from about $2,400 to nearly $3,000 a month, signaling growing demand along the corridor.
In recent years, new developments such as 575 Fourth Avenue have pushed prices further, with one-bedroom condos selling around $849K, two-bedrooms trading in the $1.1–$1.5 million range, and larger homes reaching $2.5 million or more. Multifamily walk-ups and development parcels have also changed hands at steadily rising valuations, with per-unit costs in the $200,000–$600,000 range and land deals hitting $300 per buildable square foot.
At the luxury end, buildings near the Park Slope–Gowanus border have introduced a new tier of pricing. At 544 Carroll, a four-bedroom duplex of roughly 2,500 square feet is asking $25,000/month, setting a record as one of the neighborhood’s priciest rentals.
At the luxury end, buildings near the Park Slope–Gowanus border have introduced a new tier of pricing. At 544 Carroll, a four-bedroom duplex of roughly 2,500 square feet is asking $25,000/month, setting a record as one of the neighborhood’s priciest rentals.
Coming Soon
366 Dean Street, Boerum Hill
52 units | 9 stories
Completed in 2024
52 units | 9 stories
Completed in 2024
366 Dean Street (Gertler & Wente Architects)
Also known as 52 Fourth Avenue, 366 Dean Street is a nine-story boutique rental building in the heart of Boerum Hill, offering 53 apartments with amenities including a fitness center, rooftop terrace, bike storage, and resident storage. Designed by Gertler & Wente Architects, the development spans approximately 55,000 square feet and combines upscale residential living with ground-floor commercial space.
85 Fourth Avenue, Park Slope
193 units | 14 stories
Completion estimated for 2026
193 units | 14 stories
Completion estimated for 2026
Diagram for 85 4th Avenue
Demolition is now complete at 85 Fourth Avenue in Park Slope, where a new 13-story mixed-use development is set to rise. Designed by James Shannon of Strekte Corp. for developer Harry Einhorn under 85 4th Avenue LLC, the 125-foot-tall building will span approximately 176,757 square feet and include 193 rental units averaging 647 square feet each. The project also features 5,415 square feet of ground-floor commercial space, 1,996 square feet dedicated to community facilities, a cellar level, and 79 enclosed parking spaces.
Renderings reveal a structure with striking massing, highlighted by double-height wraparound retail frontage at street level and balconies running along every floor from the second to the ninth. Setbacks begin at the tenth floor, introducing stepped terraces that create a sculpted profile.
Renderings reveal a structure with striking massing, highlighted by double-height wraparound retail frontage at street level and balconies running along every floor from the second to the ninth. Setbacks begin at the tenth floor, introducing stepped terraces that create a sculpted profile.
737 Fourth Avenue, South Slope/Greenwood Heights
187 units | 14 stories
Completion estimated for 2027
187 units | 14 stories
Completion estimated for 2027
Aerial rendering of 737 Fourth Avenue (Totem)
At 737 Fourth Avenue in Sunset Park, BEB Capital and Totem, in collaboration with Ofer Cohen and SK Development, are moving forward with a 14-story residential tower that will bring 187 new apartments to the neighborhood, including 46 permanently affordable units targeting an average of 48% of the Area Median Income. The 193,000-square-foot building will also feature ground-floor retail, enhancing the streetscape along this rapidly evolving corridor. Backed by a $143 million construction loan secured through Walker & Dunlop, the development reflects a continued investment in Sunset Park’s future, delivering thoughtfully designed housing and retail in a transit-accessible, community-focused setting.
Top 10 4th Avenue Buildings
251 7th Street
59 units | 12 stories | Completed in 2008
No public availabilities
59 units | 12 stories | Completed in 2008
No public availabilities
The Argyle (Compass)
Located along Fourth Avenue, the Argyle offers solid condo living with features like a gym, a roof deck, a package room, and bike storage, but tends to lean on standard finishes and formulaic layouts. While serviceable and well-located, it doesn't offer the architectural distinction or material quality seen in higher-ranked properties.
343 Fourth Avenue
113 units | 13 stories | Completed in 2007
2 availabilities from $1.4 million
113 units | 13 stories | Completed in 2007
2 availabilities from $1.4 million
Novo (Compass)
The Novo is a Park Slope condo with full-service amenities including a 24/7 doorman, large gym, yoga studio, playroom, residents’ lounge, valet parking, and landscaped entry. While it offers convenience and space, the design is more traditional and interiors may feel dated compared to newer developments.
Novo, #8A (Douglas Elliman Real Estate)
179 20th Street
26 units | 11 stories | Completed in 2025
7 availabilities from $850K
26 units | 11 stories | Completed in 2025
7 availabilities from $850K
Lumina (CityRealty)
Lumina is a new construction glass-clad condo at 20th Street and Fourth Avenue. The design is sleek and modern, with oversized windows, private terraces, and skyline views. Amenities include a landscaped courtyard, rooftop lounge, fitness center, and bike storage. Units start around $995K, making it a more accessible entry point into stylish new development living.
Lumina, #6-A
$1,195,000
South Slope - Greenwood Heights | Condominium | 2 Bedrooms, 2 Baths | 911 ft2
Lumina, #6-A (Nest Seekers LLC)
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269 Fourth Avenue
33 units | 12 stories | Completed in 2021
No public availabilities
33 units | 12 stories | Completed in 2021
No public availabilities
Six Garfield (Brown Harris Stevens)
Six Garfield is a boutique condominium by DXA Studio at the edge of Park Slope and Gowanus, blending a restored brick façade with modern interiors. Homes range from 1 to 3 bedrooms and feature heirloom-quality materials, fluted glass cabinetry, white oak floors, and Gaggenau appliances. Amenities include a fitness center, roof terrace with BBQ and dining areas, library lounge, children's playroom, bike room, and pet spa.
251 1st Street
44 units | 11 stories | Completed in 2016
No public availabilities
44 units | 11 stories | Completed in 2016
No public availabilities
251 First
251 First Street reimagines Park Slope brownstones with a modern edge, offering two- to four-bedroom homes designed by ODA. The building features unique layouts with setbacks and private outdoor spaces. Amenities include a 24-hour concierge, fitness center, children’s playroom, lounge, landscaped courtyard, rooftop terrace, stroller valet, and bike storage. With high-end finishes and a neighborly feel, it’s ideal for families or buyers wanting community and design.
613 Baltic Street
44 units | 11 stories | Completed in 2017
1 availability for $2.05 million
44 units | 11 stories | Completed in 2017
1 availability for $2.05 million
Baltic (Elegran)
Baltic was developed by JDS Development, known for ultra-premium buildings like 111 West 57th Street on Billionaires' Row and Walker Tower in Chelsea. Residences feature walnut cabinetry, Cristallo gold quartz, Miele appliances, and steam showers with radiant marble floors. Amenities include a 24-hour attended lobby, Zen garden, rooftop terrace with outdoor TV and BBQs, residents’ lounge, gym, and private storage. Its covered private entry with underground garage is rare in Brooklyn.
Baltic, #6E (Elegran LLC)
243 Fourth Avenue
19 units | 12 stories | Completed in 2020
No public availabilities
19 units | 12 stories | Completed in 2020
No public availabilities
Parlour (Douglas Elliman)
Inspired by brownstone living, Parlour's design by INC Architecture & Design features a sculptural brick façade and custom arched windows reminiscent of Prospect Park bridges. All half- and full-floor residences feature oversized layouts, mullion-free casement windows, and luxurious finishes. Amenities include a doorman, fitness center, children’s playroom, shared rooftop, and storage.
185 18th Street
73 units | 11 stories | Completed in 2019
3 availabilities from $599K
73 units | 11 stories | Completed in 2019
3 availabilities from $599K
Set between Prospect Park and Green-Wood Cemetery, Arbor Eighteen is a nature-focused development. Interiors by Paris Forino feature earthy palettes, Bosch appliances, quartzite countertops, and oak flooring. The building centers wellness with a full spa-like lower level including a meditation room, infrared sauna, yoga studio, fitness center, and library lounge. A landscaped Zen garden and outdoor courtyard provide serene escapes, while practical perks include stroller and bike storage, parking, and pet spa.
Arbor Eighteen, #412
$885,000
South Slope - Greenwood Heights | Condominium | 1 Bedroom, 1 Bath | 721 ft2
Arbor Eighteen, #412 (Compass)
63 units | 12 stories | Completed in 2019
1 availability for $1.7 million
1 availability for $1.7 million
Five Six One Pacific is a condo designed by ODA New York with Japanese-inspired serenity. Residences range from studios to 3-beds with floor-to-ceiling windows, natural materials, and organic finishes. Amenities include a 24/7 concierge, fitness center, children’s playroom, landscaped courtyard, rooftop lounge, resident lounge, bike storage, and optional parking. Its minimalist aesthetic, thoughtful proportions, and serene communal areas make it one of the most complete boutique luxury offerings in Brooklyn.
Five Six One Pacific Street, #803
$1,695,000
Boerum Hill | Condominium | 2 Bedrooms, 2 Baths | 1,088 ft2
Five Six One Pacific Street, #803 (Compass)
58 Saint Marks Place
100 units | 12 stories | Completed in 2022
3 availabilities from $1.1 million
100 units | 12 stories | Completed in 2022
3 availabilities from $1.1 million
Of the 100 impeccably designed residences at Saint Marks Place, 80% feature private outdoor space. Developed for holistic lifestyle, the building integrates architecture by INC, lush gardens by Terrain, and a 19,000-square-foot wellness and fitness suite curated by The Wright Fit. Amenities span four levels and include sauna, steam, gym, social spaces, children’s playroom, rooftop terrace, and private parking. The sculpted terra cotta façade and interiors combine timeless craftsmanship with forward-thinking design.
Saint Marks Place, #212 (Compass)
Honorable Mentions
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Just complete the info below.
Or call us at (212) 755-5544
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Contributing Writer
Michelle Sinclair Colman
Michelle writes children's books and also writes articles about architecture, design and real estate. Those two passions came together in Michelle's first children's book, "Urban Babies Wear Black." Michelle has a Master's degree in Sociology from the University of Minnesota and a Master's degree in the Cities Program from the London School of Economics.
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