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    850 Clarkson Ave Brooklyn, NY 11203

    For Sale
    $3,999,999

    Multi Family - Brooklyn, NY

    Type:Single Family Attached
    Property size:
    9,000 SF
    Days on Market:
    130
    Last Refresh:
    Dec 6 at 8:06 pm

    Property Features for 850 Clarkson Ave

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    TransactionType
    Real Estate Owned
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1
    Size
    9,000 SF

    Utilities

    Heating system
    Baseboard, Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1931
    Number of units
    8
    Building materials
    Brick
    Architectural style
    Other

    Nison Izgelov (786) 245-1709 [email protected]

    Listing agent Nison Izgelov (786) 246-1709 License #10311205054

    Listing date Jul 30, 2025

    MLS# 888242 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Brooklyn Mixed-Use Investment

    This fully renovated mixed-use property is an investment opportunity, delivered fully occupied. The property features four modern apartments: two four-bedroom units and two two-bedroom units. Each unit is equipped with its own dedicated boiler for independent heating. All residential tenants are guaranteed by the Section 8 program, ensuring stable, government-backed rental income. The property also includes street-level store fronts, fully renovated, with separate utilities for commercial tenants. The projected Net Operating Income (NOI) is $257,000. The owner is responsible for water and common area electricity only. Systems throughout the property have been updated, including plumbing, electrical, and heating. The property is located in a rapidly developing neighborhood with high rental demand. There is strong future growth potential, as the property is located near major developments that will add over 1,000 new residential units within a 2-mile radius by 2026, including 329 Clarkson Ave (Clarkson Estates) with 328 units under development and 564 Utica Ave (Utica Crescent) with 325 units planned. The total living area of the property is 9,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noriwich Fitness Inc Gym

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.929376
    Latitude
    40.65649

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    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated, occupied mixed-use property with strong income potential.
    Where is this mixed-use property located?
    The property is located at 850 Clarkson Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,999,999.
    What are key features of this property?
    This property features: - High Projected Net Operating Income (NOI) of $257,000.; - Fully Occupied with Guaranteed Rental Income from Section 8 tenants.; - Four Modern Apartments: (2) Four-Bedroom and (2) Two-Bedroom units, each with dedicated boiler.
    (786) 246-1709
    Request Owner's contact information
    850 Clarkson Ave Brooklyn, NY 11203
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    Brooklyn, NY 11203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    850 Clarkson Ave Brooklyn, NY 11203
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