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488 Classon Ave Brooklyn, NY 11238

Sponsored
For Sale
$1,900,000

Residential Multi Family, Other - New York, NY

Lot size:
0.05 Acres
Days on Market:
3
Last Refresh:
Jan 18 at 9:06 pm

Property Features for 488 Classon Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Bedrooms
8
Bathrooms
4
Lot size
0.05 Acres

Building Details

Year built
1899
Architectural style
Other

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Listing Contact
Andrew Jepson

NextHome, Inc

Listing agent Andy Jepson (631) 944-8404 License #10401361253,PersonLicenseNumber

Listing date Jan 16, 2026

MLS# 952816 Listing URL

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Brooklyn Multifamily Asset with Income

Located on Classon Avenue in Brooklyn, this property is legally a two-family residence currently utilized as three units, presenting an opportunity for investors or owner-occupants. Set within an R6B zoning district, the property allows for multiple strategic paths, whether your objective is income stabilization, value-add enhancement, or thoughtful repositioning over time. The building is configured with two identical residential floors plus a full lower level. The mirrored upper floors provide consistent room sizes, natural light, and functional layouts that lend themselves seamlessly to modernization or long-term rental use. The repetition of the design simplifies renovation planning and supports scalable upgrades, while the lower level currently contributing to income adds further versatility for storage, recreation, work-from-home space, or alternative use depending on buyer strategy. Interior spaces feature solid proportions, strong ceiling heights, and excellent natural flow, with a mix of updated finishes and clear potential for cosmetic enhancement. The property benefits from a well-established residential setting surrounded by classic Brooklyn architecture, neighborhood conveniences, and consistent tenant demand. The area offers access to local dining, shopping, transportation, and community amenities, while continuing to attract reinvestment and long-term appreciation. The lot size is 0.05 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rich At heart Clothes Market

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9591758
Latitude
40.6835262

FAQs

What type of property is this?
Multifamily property - Two-family property utilized as three units with income potential.
Where is this multifamily property located?
The property is located at 488 Classon Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - Income-producing property with strong in-place cash flow and potential for increased rental income.; - Flexible R6B zoning allows for multiple strategic options: income stabilization, value-add enhancement, or repositioning.; - Mortgage-hack opportunity: live in one unit and offset costs with rental income from other units.
More about this property
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