498 Classon Ave
Listing Notes
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.
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $1,625,000 to $3,850,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 450 Grand Ave Apt 7D | $1,625,000 | 2 bd · 2 ba |
| 10 Quincy St Apt 2B | $1,695,000 | 2 bd |
| 72 Quincy St Apt 1 | $1,795,000 | 2 bd · 3 ba |
| 325 Greene Ave Apt 1B | $1,845,000 | 3 bd · 2 ba |
| 1039 Fulton St | $1,850,000 | 3 bd · 2 ba |
| 118 Madison St Unit 4 | $1,999,999 | 3 bd · 2 ba |
| 63 Jefferson Ave | $2,299,000 | 5 ba |
| 212 Lefferts Pl | $2,299,000 | 6 bd · 5 ba |
| 418 Franklin Ave | $2,400,000 | 4 bd · 4 ba |
| 137 Putnam Ave | $2,499,000 | 5 bd · 4 ba |
| 427 Franklin Ave | $2,695,000 | 4 bd · 4 ba |
| 111 Madison St | $2,750,000 | 6 bd · 6 ba |
| 435A Classon Ave | $2,995,000 | 5 bd · 4 ba |
| 490 Classon Ave | $3,150,000 | 3 bd · 3 ba |
| 183 Lefferts Pl | $3,250,000 | 6 bd · 5 ba |
| 60 Putnam Ave | $3,300,000 | 5 bd · 3 ba |
| 168 Lefferts Pl | $3,399,000 | 6 bd · 5 ba |
| 248 Gates Ave | $3,400,000 | 6 bd · 6 ba |
| 24 Lefferts Pl | $3,600,000 | 2 bd · 1 ba |
| 389 Classon Ave Unit Twnhs | $3,750,000 | 4 bd · 3 ba |
| 41 Claver Pl | $3,799,999 | 8 bd · 7.5 ba |
| 41 Claver Pl | $3,799,999 | 8 bd · 7 ba |
| 35 Monroe St Unit Building | $3,850,000 | 8 bd · 8 ba |
| 272 Greene Ave | $3,850,000 | 3 bd · 5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more