487 Classon Ave Brooklyn, NY 11238-2524

This exceptional eight-unit multifamily property, located at 487 Classon Avenue in Brooklyn's desirable Clinton Hill neighborhood (zip code 11238), presents a compelling investment opportunity. The building, a four-story brownstone constructed in 1930 and extensively renovated in 2016, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $224,263 and a 5.61% capitalization rate. The asking price is $4,000,000, translating to $500,000 per unit. The building comprises seven one-bedroom apartments (one featuring a private garden) and one studio apartment, all operating on a free-market basis. This turnkey investment offers immediate cash flow and is situated in a prime location within Kings County, New York. The property's Class C designation reflects its solid construction and consistent performance, making it an attractive option for both seasoned and emerging real estate investors seeking a stable and profitable asset in a thriving Brooklyn neighborhood. The comprehensive 2016 renovation ensures the building is well-maintained and ready for immediate ownership. This is a rare opportunity to acquire a fully renovated, high-performing multifamily building in a highly sought-after area.