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Brick Triplex with Parking
For Sale
$2,888,000

498 Classon Avenue, Brooklyn, NY 11238

Commercial Sale, Brooklyn, NY

Property SizeContact for details
Lot Size0.06 Acres
Days on Market108

Property Features for 498 Classon Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning R6B
Parking features Driveway
Elementary school district Contact Agent
Middle school district Contact Agent
High school district Contact Agent
Standard status Active
APN 01984-0074
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 16355

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Public

Amenities

high ceilings
private gated driveway
rear yard
LED lighting
A/C
200 amp power

Building Details

Year built 2002
Number of units 3
Building materials Brick, Frame
Listing Agency: All Island Estates Realty Corp
Listed By: Richard Matt Shane · License #1020151
Added: Jul 3 Changed: Oct 5 Last Checked: Oct 18 at 8:06AM
MLS# 1021663

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This three-unit residential income property was built in 2002 with brick and frame construction. The building contains three three-bedroom, two-bath apartments and is fully occupied. Interior and site features include high 9-foot ceilings, sprinklers, 200 Amp power, new LED lighting, air conditioning, a private gated driveway, rear yard, and six parking spaces. Natural gas heating and public water and sewer serve the property.

Located at 498 Classon Avenue in Brooklyn, the property is near I-278, Atlantic Terminal, and the Barclays Center. The surrounding area includes NYU Langone, Atlantic Center Mall, USPS, CubeSmart Self Storage, Stop & Shop, Planet Fitness, Ridgewood Savings Bank, AutoZone, Marshalls, Dave & Buster’s, Shell, and other national and local operators. R6B zoning applies to the property.

Key Highlights

  • Three fully occupied apartments, each with 3 bedrooms and 2 baths
  • 6 parking spaces with a private gated driveway and rear yard
  • R6B zoning on a 0.0562‑acre Brooklyn property

Property Analytics

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Current Use

Anastasia Zankowsky Foster Care Service

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

6,107
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied apartment property with a private gated driveway, rear yard, and public water and sewer.
Where is this triplex located?
The property is located at 498 Classon Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: Three fully occupied apartments, each with 3 bedrooms and 2 baths; 6 parking spaces with a private gated driveway and rear yard; R6B zoning on a 0.0562‑acre Brooklyn property
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