Three-Unit Apartment
498 Classon Avenue Brooklyn, NY 11238
498 Classon Avenue, Brooklyn, NY, 11238
$2,888,000
For Sale
$2,888,000
MULTI_FAMILY - Brooklyn, NY
Lot Size0.06 Acres
Days on Market20
Property Features for 498 Classon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Parking features
- Driveway
- 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
Building Details
- Year built
- 2002
- Number of units
- 3
- Building materials
- Brick, Frame
Listing agency
All Island Estates Realty Corp
(516) 783-5600
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Jul 3 Updated: Jul 13 at 3:34PM Checked: Jul 22 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This three-unit, free-market apartment building is presented as 100% occupied and configured with (3) 3-bedroom, 2-bath apartments. The property features high 9’ ceilings and includes a private gated driveway, a rear yard, and 6 parking spaces. Building systems and upgrades noted in the offering include sprinkler protection, 200-amp power, LED lighting, and A/C.
Zoned R6B, the property is located in Brooklyn and described as being near I-278 (Belt Pkwy.), Atlantic Terminal, and the Barclays Center, situated between Atlantic Ave. and Nostrand Ave. The current income and expense figures provided show Gross Income of $169,200 annually, Total Expenses of $23,914 annually, and Net Operating Income (NOI) of $145,286 annually, with one apartment lease expiration noted for 5/1/27.
Zoned R6B, the property is located in Brooklyn and described as being near I-278 (Belt Pkwy.), Atlantic Terminal, and the Barclays Center, situated between Atlantic Ave. and Nostrand Ave. The current income and expense figures provided show Gross Income of $169,200 annually, Total Expenses of $23,914 annually, and Net Operating Income (NOI) of $145,286 annually, with one apartment lease expiration noted for 5/1/27.
Key Highlights
- 3‑unit free‑market apartment building built in 2002 in Clinton Hill
- R6B zoning with high 9' ceilings; construction materials include brick and frame
- All units are 3BR/2BA with annual rents of $57,600, $54,000 (M‑M), and $57,600
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Anastasia Zankowsky
Foster Care Service
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FAQs
What type of property is this?
Triplex - Three 3-bedroom units in a 100% occupied building with gated driveway and rear yard.
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: 3‑unit free‑market apartment building built in 2002 in Clinton Hill; R6B zoning with high 9' ceilings; construction materials include brick and frame; All units are 3BR/2BA with annual rents of $57,600, $54,000 (M‑M), and $57,600
