About This Home

This 0-bedroom, 0-bathroom commercial at 498 Classon Avenue in Brooklyn, NY is listed for $2,888,000. Built in 2002, on a 0.06 acres lot.

Key Features

  • Built in 2002
  • 0.06 acre lot

Property Details

2002

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$15,446/mo

20% down · 6.5% · 30 years

Principal$2,089
Interest$12,515
Insurance$842

Estimates only. Actual payments may vary.

Location

498 Classon Avenue

Brooklyn, NY 11238

Property Details

Construction

Brick Frame

Parking

Driveway

Heating

Natural Gas

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 498 Classon Avenue is listed at $2,888,000. The estimated monthly payment is $15,445 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2002, 0.06 acre lot.

This property is listed by Richard Matt Shane.

RS

Richard Matt Shane

Agent at All Island Estates Realty Corp

Listed by All Island Estates Realty Corp · Broker phone: (516) 532-9184 · Broker website

MLS# 1021663· Source: OneKey MLS· 116 days on PropertySimple

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.

498 Classon Avenue, Brooklyn, NY 11238

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