Active

498 Classon Avenue

Brooklyn, NY 11238
Mark as Favorite
Bed 9

Bed

Bath 6

Bath

SqFt6,800

Sqft

Acres0.06

Acre(Lot)

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, +++!!! Th is 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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Detail Ic Property Details

Property Type : Residential

Price : $2,888,000

AD Id : 87577343

MLS Id : 1021671

Beds : 9

Lot Size : 0.06 Acre

Living Area Size : 6,800

Year Built : 2002

County : Kings (Brooklyn)

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 6 Full Baths: 6

    Room Information

    Rooms Total: 14
  • Interior Features

    Other Appliances: Oven, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Other Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 2002 Building Area Total: 5100 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0562 Lot Size Square Feet: 2448

  • Listing Price Information

    Listing Price: $2888000

  • Tax Information

    Parcel Number: 01984-0074 Annual Tax: $16356

  • Parking Information

    Parking Total: 6 Driveway

  • School Information

    Elementary School: Contact Agent
    Junior High School: Call Listing Agent
    Senior High School: Brooklyn Tech High School
  • Utility Information

    Natural Gas Available, Electricity Connected, Sewer Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
125 Eastern Parkway #1C, Brooklyn, NY, 11238 $1,748,000 4 1.5 1,260 1,260 SqFt
116 Cambridge Place #2B, Brooklyn, NY, 11238 $649,000 2 1 600 600 SqFt
116 Cambridge Place #2B, Brooklyn, NY, 11238 $649,000 2 1 600 600 SqFt
77 Eastern Parkway #2D, Brooklyn, NY, 11238 $615,000 1 1 600 600 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 07/19/2026 @ 06:27

MLS: 1021671 LISTED BY: Richard Shane, All Island Estates Realty Corp 516-783-5600 SOURCE: OneKey MLS

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