488 Classon Avenue, Brooklyn, NY 11238

Brooklyn
Local realty services provided by:ERA Insite Realty Services
488 Classon Avenue,Brooklyn, NY 11238
$1,900,000
  • 8 Beds
  • 4 Baths
  • 3,040 sq. ft.
  • Multi-family
  • Active
Listed by: andrew jepson, lane clark
Office: nexthome finest first
MLS#:952816
Source:OneKey MLS

Price summary

  • Price:$1,900,000
  • Price per sq. ft.:$625

About this home

A rare and highly flexible Brooklyn asset offering both immediate income and long-term upside, 488 Classon Avenue presents an outstanding opportunity for investors, end users, or hybrid buyer-occupants seeking value, scale, and optionality. Legally a two-family property and currently utilized as three units, this residence delivers strong in-place cash flow while remaining positioned for future optimization. Set within an R6B zoning district, the property allows for multiple strategic paths, whether your objective is income stabilization, value-add enhancement, or thoughtful repositioning over time. The building is configured with two identical residential floors plus a full lower level, a layout that investors appreciate for its operational efficiency and end users value for its flexibility. The mirrored upper floors provide consistent room sizes, natural light, and functional layouts that lend themselves seamlessly to modernization or long-term rental use. The repetition of the...

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Home facts

  • Year built:1899
  • Listing ID #:952816
  • Added:119 day(s) ago
  • Updated:May 16, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Basement:Yes
  • Living area:3,040 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1899
  • Building area:3,040 sq. ft.
  • Lot area:0.05 Acres
  • Construction Materials:Brick

Schools

  • Elementary school:Ps 56 Lewis H Latimer

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,900,000
  • Price per sq. ft.:$625
  • Tax amount:$2,301 (2024)

Parking

  • Parking description:On Street
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