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Mixed-Use Land for Sale in Brooklyn, New York

498 Classon Ave, Brooklyn, NY 11238

$2,888,000
0.056 acres
Active sale
Est $20,953/mo

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.

Location

Street address
498 Classon Ave
Zip code
11238
School district
Contact Agent
Elevation
69 feet
Coordinates
40.6832, -73.9591

Property details

Lot size
0.056 acres2,439 sq ft
Zoning
R6B
MLS #
MLSLI 1021663
Posted

Property taxes

2025
$16,355

Parcels

  • 01984-0074

Details and features

Listing

Type
Commercial Sale
Unit Count
3

Exterior

Parking
Driveway

Structure

Water
Public
Sewer
Public Sewer
Heating
Natural Gas
Cooling
Wall/Window Unit(s), Window Unit(s)
Materials
Brick, Frame

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
July 8, 2026New listing$2,888,000MLSLI
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This 0.056-acre property is located at 498 Classon Ave in Brooklyn, NY 11238. The land is available for sale, priced at $2,888,000.

Listed by All Island Estates Realty, (516) 532-9184

Checked 1 hour agoUpdated Source

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