498 Classon AVE, Brooklyn, NY 11238
498 Classon AVE, Brooklyn, NY 11238
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
Est. payment | /mo

2,448 Sqft Lot


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$ 2,888,000
Est. payment | /mo
Save

2,448 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Clinton Hill

MLS Listing ID 1021663

Rental Info No

Year Built 2002

Annual Tax Amount $16,355

Lot Size 2,448 Sqft

Acres 0.0562

Property Sub-Type Multi Family

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

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Driveway

Utilities Available Electricity Connected, Natural Gas Available

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Schools

High Schools Contact Agent

School District Contact Agent

Others

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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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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498 Classon AVE

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