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.
For sale
$2,888,000
498 Classon Avenue, Brooklyn, NY 11238
9beds
6,800sqft
Single Family Residence, Residential
Built in 2002
2,448 Square Feet Lot
$-- Zestimate®
$425/sqft
$-- HOA
What's special
Excellent signagePrivate gated drivewayRear yardGreat exposureAll new led lighting
- 97 days
- 619
- 18
Zillow last checked:
Listing updated:
Listed by:
All Island Estates Realty Corp 516-783-5600,
Richard Matt Shane 516-279-8828
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1021671
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas, Other
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Oven, Refrigerator
Features
- Other
- Attic: None
Interior area
- Total structure area: 5,100
- Total interior livable area: 6,800 sqft
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 2,448 Square Feet
Details
- Parcel number: 019840074
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
- Attached to another structure: Yes
Materials
- Brick, Brownstone
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Other
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $425/sqft
- Tax assessed value: $260,820
- Annual tax amount: $16,356
- Date on market: 7/3/2026
- Cumulative days on market: 98 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Listed for sale | $2,888,000+293.4%$425/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1021671 Report a problem | ||
| 1/30/2004 | Sold | $734,158+1234.8%$108/sqft |
Source: Public Record Report a problem | ||
| 9/29/2000 | Sold | $55,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,430 -1.2% | $260,820 +5.5% |
| 2024 | $15,618 | $247,200 -5.8% |
| 2023 | -- | $262,380 +7.4% |
| 2022 | -- | $244,380 +29.5% |
| 2021 | -- | $188,700 -17.5% |
| 2020 | $13,716 | $228,780 +25.8% |
| 2019 | $13,716 +2% | $181,920 +182.9% |
| 2018 | $13,454 +8.8% | $64,314 +6% |
| 2017 | $12,368 +10.5% | $60,674 +6% |
| 2016 | $11,193 | $57,240 +6% |
| 2015 | $11,193 +62.1% | $54,000 |
| 2014 | $6,904 | $54,000 +0.8% |
| 2013 | -- | $53,595 +6% |
| 2012 | -- | $50,562 +6% |
| 2011 | -- | $47,700 +6% |
| 2010 | -- | $45,000 |
| 2009 | -- | $45,000 +0.8% |
| 2008 | -- | $44,663 +6% |
| 2007 | -- | $42,135 +6% |
| 2006 | -- | $39,750 +6% |
| 2005 | -- | $37,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Clinton Hill
Nearby schools
Schools provided by the listing agent
- Elementary: Contact Agent
- High: Brooklyn Tech High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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