
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$2,888,000
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9 bed
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6.00 Bath (6 Full)
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Lot: 0.06 Acres
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Single Family Residence
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$2,888,000
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.
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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