493 Clinton Avenue, Brooklyn, NY 11238
Local realty services provided by:CENTURY 21 Awaye Realty
493 Clinton Avenue,Brooklyn, NY 11238
$2,900,000
- 12 Beds
- 11 Baths
- 5,720 sq. ft.
- Multi-family
- Active
Listed by: vicki v negron
Office: corcoran group
MLS#:RLS20065965
Source:NY_REBNY
Price summary
- Price:$2,900,000
- Price per sq. ft.:$506.99
About this home
Prime Clinton Hill Multifamily Investment With Major Development Upside - 493 Clinton Ave<br> <br> 493 Clinton Avenue is a rare four-story multifamily opportunity positioned in the heart of Clinton Hill, one of Brooklyn's most desirable and architecturally rich neighborhoods. Located directly above the G, C, and A subway lines, the building offers exceptional transportation access, making it highly attractive for current and future tenants.<br> <br> The property contains 11 rent-stabilized apartments generating $209,285.52 in annual income, with a legal potential rent roll of $242,549.16, providing immediate revenue stability with built-in upside. Several units have been partially renovated, improving rental appeal while maintaining long-term regulatory consistency.<br> <br> Sitting on a 37.08' 120' lot, the structure currently occupies 22' 65', totaling 5,740 sq ft. With an FAR of 4.0, the site offers a maximum buildable area of 17,800 sq ft, leaving over 12,000 sq ft of unused development rights. The property is not landmarked and not in a historic district, allowing flexibility for expansion or full-scale redevelopment.<br> <br> Additional features include a curb cut, private driveway and rear garage, an extremely valuable amenity in this part of Brooklyn.<br> <br> This building will NOT be delivered vacant. Buyer assumes all tenants.<br> <br> Neighborhood Highlights - Clinton Hill Clinton Hill is known for its tree-lined streets, historic brownstones, cultural institutions, and vibrant community atmosphere. Residents enjoy:<br> A thriving restaurant and café scene, with everything from modern bistros and neighborhood bars to long-established eateries, offering diverse cuisines and lively street activity.<br> Proximity to Pratt Institute, infusing the area with creative energy, public art, and a steady demand for quality housing. Green spaces and playgrounds, providing a peaceful residential feel amid the urban setting.<br> Boutique shops, local markets, and independent retailers that contribute to the neighborhood's distinct character.<br> Close access to Fort Greene, Downtown Brooklyn, and Prospect Heights, placing additional entertainment, cultural venues, and commercial corridors just minutes away. <br> Clinton Hill continues to see strong demand from renters and investors alike, making 493 Clinton Ave an exceptional opportunity combining <strong>stable income, substantial development potential, and prime location</strong>....
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Home facts
- Year built:1930
- Listing ID #:RLS20065965
- Added:106 day(s) ago
- Updated:April 25, 2026 at 10:33 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:11
- Full bathrooms:11
- Rooms Total:20
- Basement:Yes
- Living area:5,720 sq. ft.
Structure and exterior
- Year built:1930
- Building area:5,720 sq. ft.
Finances and disclosures
- Price:$2,900,000
- Price per sq. ft.:$506.99
- Tax amount:$51,672
Parking
- Garage:Yes
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