498 Classon AVE, Brooklyn, NY 11238
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498 Classon AVE, Brooklyn, NY 11238
498 Classon AVE, Brooklyn, NY 11238
498 Classon AVE, Brooklyn, NY 11238
498 Classon AVE, Brooklyn, NY 11238
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$ 2,888,000
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498 Classon AVE Brooklyn, NY 11238

9 Beds

6 Baths

6,800 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 6,800 sqft

Price per Sqft $424

Subdivision Clinton Hill

MLS Listing ID 1021671

Style Other

Bedrooms 9

Full Baths 6

HOA Y/N No

Rental Info No

Year Built 2002

Annual Tax Amount $16,356

Lot Size 2,448 Sqft

Acres 0.0562

Property Sub-Type Single Family Residence

Source onekey2

Property 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.

Location

State NY

County Kings (brooklyn)

Interior

Interior Features Other

Heating Natural Gas, Other

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Oven, Refrigerator

Exterior

Parking Features Driveway

Utilities Available Electricity Connected, Natural Gas Available, Sewer Connected

Total Parking Spaces 6

Garage false

Private Pool No

Building

Sewer Other

Water Public

Structure Type Brick,Brownstone

Schools

Elementary Schools Contact Agent

Middle Schools Call Listing Agent

High Schools Brooklyn 13

School District Brooklyn 13

Others

Senior Community No

Special Listing Condition None


OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by All Island Estates Realty Corp • Richard Matt Shane

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39 N Front St, Kingston, NY 12401
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498 Classon AVE