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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

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Multi-Family

Home type

--

Price / sqft

1899

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

Square Feet
  • 3040

Bedrooms
  • N/A

Bathrooms
  • N/A

Heating
  • Has Heating:

    No

  • Heating Type:

    N/A

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 2025

Water
  • No

Sewer
  • No

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 3

Style
  • Duplex Single

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • 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

percent-home-icon

Average Home Price in 11238

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percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
375,000
$
Down payment
75,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
2,250
$
HOA (Monthly)
0
$
PMI
0
$
$2,427
Your Payment
Total Monthly Payment:$2,427
Percent of Income:42%
Affordable:No

Details for 488 CLASSON AVE

Property Debt

Foreclosure Contact Details