498 Classon Ave, Brooklyn, NY 11238

Beds
9
Baths
6
Sqft
6,800

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Listed byAll Island Estates Realty Corp
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Overview

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

Full feature list

Basic info

Property type
House
Number of bedrooms
9
Number of bathrooms
6
Square feet
6,800
Lot size (acres)
0.06
Year built
2002

Utilities

Heating
Other, Natural Gas
Cooling
Wall/window unit(s)
Sewer
Other
Water
Public Water

Taxes

Tax Annual Amount (2025)
$16,356

Public schools

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Sourced from: Onekey MLS MLS®#: 1021671 Last checked:

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