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$--
--beds
--baths
3,040sqft
2,025sqft lot
488 Classon Ave, Brooklyn, NY 11238
Member Features
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Home type
Price / sqft
Year built
Home Details
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.nnThe 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 design simplifies renovation planning and supports scalable upgrades, while the lower level currently contributing to income-adds further versatility for storage, recreation, work-from-home space, or alternative use depending on buyer strategy and compliance preferences.nnFrom an end-user perspective, this property shines as a classic mortgage-hack opportunity: live comfortably in one unit while offsetting your monthly housing cost with rental income from the others. The layout supports privacy, sep
Interior Details
3040
N/A
N/A
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
2025
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Duplex Single
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$1,978
$23,160
$78,240
--%
$101,400
2017
$1,635
$2,116
$7,943
--%
$10,059
2017
$1,635
$2,131
$7,361
--%
$9,492
2016
$1,480
$2,209
$6,747
--%
$8,956
2015
$1,442
$3,315
$5,641
--%
$8,956
2013
$1,147
$4,467
$3,916
--%
$8,383
2012
$993
$4,306
$3,604
--%
$7,910
Average Home Price in 11238
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