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498 Classon Ave
Brooklyn, NY 11238 Clinton Hill

$2,888,000 USD

Apartments For Sale  •  6,800 SF

Property Details

• Property Type Apartments
• Total Building Size 6,800 SF
• Lot Size 0.06 AC
• Building Class B
• Year Built 2002
• Cap Rate 5.02 %
• Zoning R6B

100 Transit Score

100 Walk Score

Highlights

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, +++!!!

The Property Is Located In The Heart Of Brooklyn Near I-278, Atlantic Terminal, & The Barclays Center!!!

Neighbors Include NYU Langone, Atlantic Center Mall, USPS, CubeSmart Self Storage, Stop & Shop, Planet Fitness, Ridgewood Savings Bank, AutoZone, ++!!

This Property Offers HUGE Upside Potential!!!

This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Financial Summary (Actual)

Net Operating Income: $145,286 USD (2025)

Cap Rate:	5.02 %
Total Expenses:	$23,914 USD

Amenities

• 24 Hour Access
• Fenced Lot
• Security System
• Tenant Controlled HVAC
• Storage Space
• Bicycle Storage
• Public Transportation
• Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	2 min	15 min	0.8 mi
	4 min	20 min	1.0 mi
Transit/Subway	Drive	Walk	Distance
Franklin Avenue (A,C,S Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway))	1 min	5 min	0.3 mi
Clinton-Washington Avenues (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	7 min	0.4 mi
Classon Avenue (G - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
Nostrand Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Bedford-Nostrand Avenues (G - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	20 min	-	9.3 mi
John F Kennedy International	27 min	-	11.4 mi
Newark Liberty International	29 min	-	16.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes