About This Home

This 9-bedroom, 6-bathroom single family at 498 Classon Avenue in Brooklyn, NY is listed for $2,888,000 ($425 per sqft). Built in 2002, the home offers 6,800 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 2002
  • 0.06 acre lot
  • 6 parking spaces

Property Details

6 full
6 spaces
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 Brownstone

Parking

Driveway

Heating

Natural Gas

Cooling

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

Appliances

OvenRefrigerator

Questions & Answers

This 9-bedroom, 6-bathroom single family at 498 Classon Avenue is listed at $2,888,000 ($425/sqft). 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, 6 parking spaces.

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 · View on Broker Site · Broker website

MLS# 1021671· 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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