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850 Clarkson Avenue

Brooklyn, NY 11203

$3,999,000
  • 0.06 Acre

850 Clarkson Avenue
Brooklyn, NY 11203

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Brooklyn / NY

Multi Family HIGHLIGHTS

  • Property Type

    Commercial Sale, Multi Family

  • Year Built

    1931

  • Cooling

    Yes - Wall/Window Unit(s)

  • Heating

    Yes - Baseboard, ENERGY STAR Qualified Equipment, Natural Gas

  • Stories

    3

  • RE Tax

    $28,000

Listing courtesy of Nison Izgelov of Real Estate Concept Group Inc.

Fully Renovated Mixed-Use Property for Sale
This turnkey, fully occupied mixed-use property presents a compelling investment opportunity with immediate, stable cash flow and strong long-term upside in a rapidly developing Brooklyn corridor.
Residential Component
Four (4) fully renovated apartments
(2) Four-bedroom units
(2) Two-bedroom units
Each unit features independent boilers for separate heating control
100% occupied with Section 8 tenants, providing reliable, government-backed income
All Apartments Free Market with annual leases
Commercial Component
Two Street-level retail storefront(s)
Fully renovated spaces
Separate utilities for commercial tenants
Investment Highlights
Minimal owner expenses: landlord responsible only for water and common area electricity
Fully upgraded systems: plumbing, electrical, and heating
Immediate cash flow
Strong tenant demand in high-growth submarket
Location & Growth Drivers
Strategically located near major development projects expected to significantly enhance the area’s residential density and economic activity:
329 Clarkson Avenue (Clarkson Estates) – ~328 Units Finished 2026
564 Utica Avenue (Utica Crescent) – ~325 Units Under Development 
These projects, along with additional nearby developments, are projected to bring **over 1,000 new residential units within a 2-mile radius by 2027**, driving increased foot traffic, rental demand, and long-term asset appreciation.
Investment Summary
This offering combines:
Stable, government-backed residential income
Retail upside potential
Low management intensity
Positioning in a growth corridor
Ideal for investors
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  • Acres

    0.06 Acres

  • City Region

    Brooklyn

  • Lot Size

    2,500 Sqft

  • MLS #

    990235

  • Property Type

    Multi Family

  • Year Built

    1931

  • Security Features

    Fire Alarm, Fire Escape, Security System

  • Building Area Total

    9000

  • Construction Materials

    Brick

  • Number of Buildings

    1

  • Property Attached

    Yes

  • Total Number of Units

    8

  • Total Stories

    3

  • Year Built

    1931

  • Parking Features

    On Street

  • Annual Taxes

    $28,000

  • Tenant Pays

    Electricity, Gas

  • Basement

    Finished, Full

  • Cooling

    Yes - Wall/Window Unit(s)

  • Flooring

    Ceramic Tile, Concrete, Hardwood, Tile, Wood

  • Heating

    Yes - Baseboard, ENERGY STAR Qualified Equipment, Natural Gas

  • Cross Street

    Utica ave

  • Sewer

    Public Sewer

  • Utilities

    Natural Gas Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $2,333

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

850 Clarkson Avenue

Location

Nearby Points of Interest

  • St Louis Wheelchair

    Health Care, Independent

  • Simone's Jamaican Cuisine

    Restaurants, Independent

  • Reddz Hair Designs & Accessories

    Common Needs, Independent

  • Maturo Food Market Corp

    Food Shops, Independent

  • Silver Chicken & Seafood Restaurant

    Restaurants, Independent

Data courtesy of LocalLogic.co

East Flatbush
Neighborhood

East Flatbush

East Flatbush is a primarily residential neighborhood in central Brooklyn, generally bounded by Crown Heights to the north and Flatbush to the west. Development largely took place in the early to mid-20th century, resulting in blocks...

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850 Clarkson Avenue

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