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For sale
  • $3,900,000

    850 Clarkson Ave, Brooklyn, NY 11203

    10beds
    --baths
    --sqft
    Loading
    Quadruplex, Multi Family
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fully renovated spacesFully renovated apartmentsTwo-bedroom unitsFour-bedroom units
    Fully Renovated Mixed-Use Property for Sale This turnkey, fully occupied mixed-use property presents a compelling investment opportunity with immediate, stable cash flow and strong long-term upside in a rapidly developing Brooklyn corridor. Residential Component (4) Four fully renovated apartments (2) Four-bedroom units (2) Two-bedroom units Each unit features independent boilers for separate heating control 100% occupied with Section 8 tenants, providing reliable, government-backed income All Apartments Free Market with annual leases Commercial Component Two Street-level retail storefront(s) Fully renovated spaces Separate utilities for commercial tenants Investment Highlights Minimal owner expenses: landlord responsible only for water and common area electricity Fully upgraded systems: plumbing, electrical, and heating. Immediate cash flow. Strong tenant demand in high-growth submarket Location & Growth Drivers Strategically located near major development projects expected to significantly enhance the area’s residential density and economic activity: 329 Clarkson Avenue (Clarkson Estates) – ~328 Units Finished 2026 564 Utica Avenue (Utica Crescent) – ~325 Units Under Development These projects, along with additional nearby developments, are projected to bring over 1,000 new residential units within a 2-mile radius by 2027 driving increased foot traffic, rental demand, and long-term asset appreciation. Investment Summary This offering combines: Stable, government-backed residential income Retail upside potential Low management intensity Positioning in a growth corridor Ideal for investors
    89 days
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    131
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Real Estate Concept Group Inc 786-246-1709,

    Nison Izgelov 786-246-1709

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 990289MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 10
      Heating
      • ENERGY STAR Qualified Equipment
      Cooling
      • ENERGY STAR Qualified Equipment
      Features
      • Breakfast Bar, Eat-in Kitchen, Entrance Foyer, Formal Dining, Galley Type Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Low Flow Plumbing Fixtures, Marble Counters, Natural Woodwork, Open Kitchen, Primary Bathroom
      • Doors: ENERGY STAR Qualified Doors
      • Basement: Finished,Full,Walk-Out Access

      Property

      Parking
      • Parking features: None
      Lot
      • Size: 2,500 Square Feet
      • Features: Corner Lot, Near School, Near Shops, Other, Paved, Private, See Remarks, Views
      Details
      • Parcel number: 046370010
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Brick, Energy Star, Foam Insulation, ICFs (Insulated Concrete Forms), Other, Stucco
      • Foundation: Other
      Condition
      • Year built: 1931

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available

      Community & HOA

      Location
      • Region: Brooklyn

      Financial & listing details

      • Tax assessed value: $913,000
      • Annual tax amount: $28,000
      • Date on market: 4/24/2026
      • Cumulative days on market: 56 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

        DateEventPrice
        4/24/2026Listed for sale$3,900,000+20%
        Source: OneKey® MLS as distributed by MLS GRID #990289 Report a problem
        5/27/2021Listing removed--
        Source: OneKey® MLS as distributed by MLS GRID #3309800 Report a problem
        5/5/2021Listed for sale$3,250,000-16.7%
        Source: OneKey® MLS as distributed by MLS GRID #3309800 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        6/19/2018Listing removed$3,900,000
        Source: Owner Report a problem
        12/13/2017Listed for sale$3,900,000+348.3%
        Source: Owner Report a problem
        12/6/2016Sold$870,000-48.8%
        Source: Public Record Report a problem
        7/26/2016Listed for sale$1,700,000+100%
        Source: Fave Realty Inc #2870596 Report a problem
        7/18/2014Listing removed$1,600
        Source: Zillow Rental Network Report a problem
        6/17/2014Listed for rent$1,600
        Source: Zillow Rental Network Report a problem
        2/14/2007Sold$850,000+113%
        Source: Public Record Report a problem
        9/14/2004Sold$399,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$28,428 +7%$410,850 +20%
        2024$26,579 $342,360 +20%
        2023-- $285,300 -20.1%
        2022-- $356,850 +43.1%
        2021-- $249,300 +5.6%
        2020$20,647 +8%$235,980
        2019$19,117 $235,980 +54%
        2018-- $153,270 +3.2%
        2017$18,890 +6.6%$148,519 +16.6%
        2015$17,716 +37%$127,332 +8%
        2014$12,928 $117,900
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East Flatbush

        Getting around

        90 / 100
        Very Walkable
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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