498 Classon Avenue
Brooklyn, NY, 11238 $ 2,888,000
Bedrooms-- Baths-- Sq 6,800 Monthly Estimate*
$ 18,235
for $2,888,000. This 6,800 square foot building was built in 2002 on a lot size of 0.0562.
Calling All Investors, Developers, & End-Users!!! 100% Occupied 3 Unit Free Market Apartment Building In Clinton Hill For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, High 9’ Ceilings, (3) 3 Br. Apartments, Private Gated Driveway, Rear Yard, 6 Parking Spaces, Sprinklers, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Near I-278 (Belt Pkwy.), Atlantic Terminal, & The Barclays Center!!! The Property Is Situated Between Atlantic Ave. & Nostrand Ave.!!! Neighbors Include NYU Langone, Atlantic Center Mall, USPS, CubeSmart Self Storage, Stop & Shop, Planet Fitness, Ridgewood Savings Bank, AutoZone, Marshalls, Dave & Busters, Shell, Meineke Car Care Center, Family Dollar, McDonald’s, Chick-fil-A, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt. 1 (3 Br., 2 Bath): $57,600 Ann.; Lease Exp.: 5/1/27. Apt. 2 (3 Br., 2 Bath): $54,000 Ann. M-M. Apt. 3 (3 Br., 2 Bath): $57,600 Ann. M-M. Gross Income: $169,200 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water & Sewer: $3,872 Ann Insurance: $3,687 Ann. Taxes: $16,355.80 Ann. Total Expenses: $23,914 Ann. Net Operating Income (NOI): $145,286 Ann.
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Available
Zoning R6B
Construction Materials Brick Frame
Year Built 2002
Property Subtype Multi Family
Tax Year 2025
Parcel Number 01984-0074
Gross Income 169200
Business Type Other
County Kings (Brooklyn)
Property Type Commercial Sale
City New York
High School District Contact Agent
Number Of Units Total 3
Property Attached Y/N Y
Tax Annual Amount 16355
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Contact Agent
Elementary School District Contact Agent
Tax Assessed Value 260820
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ExteriorParking Features Driveway Driveway
Water Source Public
Building Area Total 6800
Waterfront Y/N N
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* Excluded FeaturesList ByRichard Matt ShaneListing Agent
All Island Estates Realty CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $18,235
- Monthly Property Taxes
- $1,363
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Brooklyn, NY
Average List Price $1,854,917
Percent of Sale Price 36%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
4892106 Elementary School
4892561 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/3/2026 | $2,888,000 | | Listed Price |