488 Classon Avenue
Brooklyn, NY 11238
8
Bed
4
Bath
0.05Acre(Lot)
A rare and highly flexible Brooklyn asset offering both immediate income and long-term upside, 488 Classon Avenue presents an outstanding opportunity for investors, end users, or hybrid buyer-occupants seeking value, scale, and optionality. Legally a two-family property and currently utilized as three units, this residence delivers strong in-place cash flow while remaining positioned for future optimization. Set within an R6B zoning district, the property allows for multiple strategic paths, whether your objective is income stabilization, value-add enhancement, or thoughtful repositioning over time. The building is configured with two identical residential floors plus a full lower level, a layout that investors appreciate for its operational efficiency and end users value for its flexibil
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4 Full Baths: 4 -
Interior Features
Other -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Other Has Cooling: Yes Cooling: Varies by Unit
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Building Information
Year Built: 1899 Building Area Total: 3040 Construction Materials: Brick Private Pool: No
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Lot Information
Lot Size Acres: 0.0465 Lot Size Square Feet: 2025
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Listing Price Information
Listing Price: $1900000
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Tax Information
Parcel Number: 01984-0069 Annual Tax: $2300.52
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Parking Information
On Street
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School Information
Elementary School: Ps 56 Lewis H LatimerJunior High School:Senior High School: -
Utility Information
Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks -
Location Information
Direction: GPS to location or corner of madison street and classon WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 547 Lincoln Place, Brooklyn, NY, 11238 | $9,000,000 | 114 | 54 | 64,965 | 64,965 SqFt |
| 584 Sterling Place, Brooklyn, NY, 11238 | $3,500,000 | -- | -- | -- | |
| 155 Clifton Place, Brooklyn, NY, 11238 | $2,900,000 | 10 | 6 | -- | |
| 578 Washington Avenue, Brooklyn, NY, 11238 | $2,895,000 | -- | 3 | 3,960 | 3,960 SqFt |
Similar Multifamily To 488 Classon Avenue
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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 06/14/2026 @ 23:19
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