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498 Classon Avenue
Brooklyn NY 11238 US

$2,888,000

Active Listing ID 1021663
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Lot: 0.06 Acres
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Other

$2,888,000

Active Listing ID 1021663
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498 Classon Avenue 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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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s), Wall/Window Unit(s)
  • Heating Fuels: Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2888000
  • unparsedaddress: 498 Classon Avenue
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11238
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0562
  • lotsizeunits: Acres
  • lotsizearea: 0.0562
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Richard Matt Shane
  • listagentemail: matthewshane8828@gmail.com
  • listagentkey: 3yd-MLSLINY-176463
  • listagentmlsid: 176463
  • listagentpreferredphone: 5162798828
  • listagentofficephone: 5162798828
  • listofficekey: 3yd-MLSLINY-CBE01
  • listofficemlsid: CBE01
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 2002
  • listingcontractdate: 2026-07-03
  • listagentfax: 5167836023
  • listagenturl: http://www.allislandestates.com
  • countyorparish: Kings (Brooklyn)
  • parcelnumber: 01984-0074
  • elementaryschooldistrict: Contact Agent
  • middleorjuniorschooldistrict: Contact Agent
  • highschooldistrict: Contact Agent
  • cooling: Window Unit(s), Wall/Window Unit(s)
  • constructionmaterials: Brick, Frame
  • heating: Natural Gas
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • waterfrontyn: False
  • franchiseaffiliation: None
  • utilities: Natural Gas Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"All Island Estates Realty Corp", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"matthewshane8828@gmail.com", "ListBrokerageCity":"Wantagh", "ListBrokerageCountry":"US", "ListBrokerageEmail":"judith@allislandestates.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSLINY/f11aa4f1d8df11e5a55d32bc746d855f/20160226212801962.png", "ListBrokerageName":"All Island Estates Realty Corp", "ListBrokeragePhone":"(516) 532-9184", "ListBrokeragePostalCode":"11793", "ListBrokerageStateOrProvince":"NV", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3242 Railroad Avenue", "ListBrokerageWebsiteUrl":"http://www.allislandestates.com", "ListOfficeAddress1":"3242 Railroad Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"CBE01", "ListOfficeCity":"Wantagh", "ListOfficeCountry":"US", "ListOfficeEmail":"judith@allislandestates.com", "ListOfficePostalCode":"11793", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Brooklyn, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-07-10 18:31:36", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":16355, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/10/2026 11:39:14 PM GMT
Source Updated Date: 7/12/2026 12:43:58 AM GMT

Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.