# 498 Classon Avenue, Brooklyn, NY 11238

> **TL;DR:** commercial, $2,888,000, built 2002.
> A/C. Est. $15,445/mo. Listed 117 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,888,000 |
| Year Built | 2002 |
| Lot Size | 2,448 sqft (0.06 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 117 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $14,603 |
| Estimated Insurance | $842 |
| **Total** | **$15,445** |

## Key Amenities

- A/C

## Property Highlights

- Built in 2002
- 0.06 acre lot

## Description

### Agent 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.

## Location

- **Address:** 498 Classon Avenue, Brooklyn, NY 11238
- **County:** Kings (Brooklyn)

## Listing Agent

- **Name:** Richard Matt Shane
- **Brokerage:** All Island Estates Realty Corp
- **Broker Phone:** (516) 532-9184

## Photos

![498 Classon Avenue - Photo 1](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2064736948r.jpg)

![498 Classon Avenue - Photo 2](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f4211427184r.jpg)

![498 Classon Avenue - Photo 3](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3642455265r.jpg)

![498 Classon Avenue - Photo 4](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2528880226r.jpg)

![498 Classon Avenue - Photo 5](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2178447569r.jpg)

![498 Classon Avenue - Photo 6](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3958949358r.jpg)

![498 Classon Avenue - Photo 7](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2792437545r.jpg)

![498 Classon Avenue - Photo 8](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1653746875r.jpg)

![498 Classon Avenue - Photo 9](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f667863581r.jpg)

![498 Classon Avenue - Photo 10](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f4239375330r.jpg)

![498 Classon Avenue - Photo 11](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3201830298r.jpg)

![498 Classon Avenue - Photo 12](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1924313083r.jpg)

![498 Classon Avenue - Photo 13](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2751492433r.jpg)

![498 Classon Avenue - Photo 14](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1955019919r.jpg)

![498 Classon Avenue - Photo 15](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3688756037r.jpg)

![498 Classon Avenue - Photo 16](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3750970064r.jpg)

![498 Classon Avenue - Photo 17](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1973381298r.jpg)

![498 Classon Avenue - Photo 18](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2258630818r.jpg)

![498 Classon Avenue - Photo 19](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f273251036r.jpg)

![498 Classon Avenue - Photo 20](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2685068222r.jpg)

![498 Classon Avenue - Photo 21](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2842741262r.jpg)

![498 Classon Avenue - Photo 22](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3387667285r.jpg)

![498 Classon Avenue - Photo 23](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f900573201r.jpg)

![498 Classon Avenue - Photo 24](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3223891628r.jpg)

![498 Classon Avenue - Photo 25](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f281086256r.jpg)

![498 Classon Avenue - Photo 26](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3833877013r.jpg)

![498 Classon Avenue - Photo 27](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f4068300259r.jpg)

![498 Classon Avenue - Photo 28](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1586854995r.jpg)

![498 Classon Avenue - Photo 29](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f3832473558r.jpg)

![498 Classon Avenue - Photo 30](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f2592783907r.jpg)

![498 Classon Avenue - Photo 31](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f1034807615r.jpg)

![498 Classon Avenue - Photo 32](http://lh.rdcpix.com/bd0254465e16f846f00624d815826a0fl-f4161658390r.jpg)

---

**MLS#:** 1021663 | **Updated:** 2026-10-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/498-classon-avenue-brooklyn-ny-11238-3b16bf265bbf4e1eb90f6edd9c532749)

---

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