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498 Classon Avenue, Brooklyn NY 11238
498 Classon Avenue, Brooklyn NY 11238
New York>Brooklyn>Clinton Hill

498 Classon AvenueBrooklyn, NY 11238

For Sale

$2,888,000

Smart Buyer Rebate $36,100

Calling All Investors, Developers, & End-Users!!! 100% Occupied 3 Unit Free Market Apartment Building In Clinton Hill For Sale!!! The Property Features Excellent Signage, Great Exposure, R6B Zoning, High 9’ Ceilings, (3) 3 Br. Apartments, Private Gated Driveway, Rear Yard, 6 Parking Spaces, Sprinklers, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Near I-278 (Belt Pkwy.), Atlantic Terminal, & The Barclays Center!!! The Property Is Situated Between Atlantic Ave. & Nostrand Ave.!!! Neighbors Include NYU Langone, Atlantic Center Mall, USPS, CubeSmart Self Storage, Stop & Shop, Planet Fitness, Ridgewood Savings Bank, AutoZone, Marshalls, Dave & Busters, Shell, Meineke Car Care Center, Family Dollar, McDonald’s, Chick-fil-A, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:

Apt. 1 (3 Br., 2 Bath): $57,600 Ann.; Lease Exp.: 5/1/27.
Apt. 2 (3 Br., 2 Bath): $54,000 Ann. M-M.
Apt. 3 (3 Br., 2 Bath): $57,600 Ann. M-M.

Gross Income: $169,200 Ann.

Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Water & Sewer: $3,872 Ann
Insurance: $3,687 Ann.
Taxes: $16,355.80 Ann.

Total Expenses: $23,914 Ann.

Net Operating Income (NOI): $145,286 Ann.

Listed by Richard Matt Shane

·

All Island Estates Realty Corp

·

516-783-5600

Last updated July 10, 2026

·

Source: OneKey #1021671

Listing Facts

  • TypeSingle-family
  • NeighborhoodClinton Hill
  • Bedrooms9
  • Bathrooms6
  • Days on Prevu28
  • Taxes$16,356/year
  • Size6,800 sqft
  • Price per sqft$425

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

07/03/2026
Listed by All Island Estates Realty Corp
$2,888,000

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$36,100
Title Insurance
$12,996
Bank Attorney
$1,500
Mortgage Recording Tax
$44,475
Other Closing Costs
$4,000
Total
$103,071

Estimated closing costs are based on the list price of $2,888,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 498 Classon Avenue

Exterior

Construction

  • Property Attached: Yes
  • Year Built: 2002
  • Architectural Style: Other
  • Construction Materials: Brick, Brownstone

Measurements

  • Building Area Total: 5,100
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Square Feet: 2,448

Financial

Taxes

  • Parcel Number: 01984-0074
  • Tax Annual Amount: $16,356.00
  • Tax Assessed Value: $260,820.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Oven, Refrigerator
  • Interior Features: Other

Measurements

  • Living Area: 6,800
  • Living Area Source: Other

Rooms

  • Bathrooms Full: 6
  • Bathrooms Total Integer: 6
  • Bedrooms Total: 9
  • Rooms Total: 14

Parking

Parking

  • Parking Features: Driveway
  • Parking Total: 6

Schools

Elementary School

  • Elementary School: Contact Agent
  • Elementary School District: Contact Agent

High School

  • High School: Brooklyn Tech High School
  • High School District: Brooklyn 13

Middle or Junior School

  • Middle Or Junior School: Call Listing Agent
  • Middle Or Junior School District: Contact Agent

Utilities

Equipment

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Other
  • Sewer: Other
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 9 bedrooms and 6 bathrooms in this single-family home at 498 Classon Avenue.

What schools are nearby to 498 Classon Avenue?

Nearby schools include the Contact Agent Elementary School, Call Listing Agent Middle School, and Brooklyn Tech High School.

Does this single-family home have parking?

Yes, there are 6 parking spaces available for 498 Classon Avenue.

What are the annual taxes for 498 Classon Avenue?

Annual taxes for this single-family home are estimated at $16,356.

How does 498 Classon Avenue compare to other single-family homes in Clinton Hill?

This single-family home is listed 42% below the average price for single-family homes in Clinton Hill and has been on the market for 56 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 6,800 sqft.

498 Classon Avenue is a 9-bedroom, 6-bath single-family home for sale in Brooklyn NY 11238. On Prevu for 28 days at $2,888,000. This residence features 6,800 square feet of living space, located in Clinton Hill. The median listing price for single-family homes in this area is $974,448. Nearby schools include Contact Agent Elementary School, Call Listing Agent Middle School, and Brooklyn Tech High School. The home offers parking. Browse more single-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.