REO SALE: 4 Unit Free Market | Brooklyn NY

Investment Highlights:

• Four-unit mixed-use asset with three residential units and one ground-floor retail space
• 100 percent vacant, allowing immediate lease-up at market rents
• Favorable Tax Class 2A designation providing capped annual assessment increases (max 8% per year / 30% over five years)
• Located in Clinton Hill near Classon Avenue with access to G, A, and C subway lines
• R6B zoning within a dense Brooklyn corridor supporting long-term rental demand
• Approx. 3,226 SF building on 1,254 SF lot in established infill location
• Positioned between Downtown Brooklyn and Bedford-Stuyvesant growth corridors

Offering Summary: 

451 Classon Avenue is a four-unit, mixed-use property located in the Clinton Hill neighborhood of Brooklyn. The asset comprises three residential units and one ground-floor retail space across approximately 3,226 square feet on a 1,254 square foot lot. Zoned R6B, the property is positioned within a dense, transit-oriented corridor that supports both residential rental demand and neighborhood-serving retail tenancy.

The property is currently 100 percent vacant, providing investors with immediate flexibility to lease at market rents or reposition the asset to align with evolving neighborhood demand. Clinton Hill continues to benefit from its proximity to Downtown Brooklyn, Fort Greene, and Bedford-Stuyvesant, as well as access to the G, A, and C subway lines. The combination of free-market units, mixed-use configuration, and a well-located Brooklyn address positions this asset to capture long-term rental growth and retail demand in one of New York City’s most established boroughs.

Auctioneer: Ralph Passono, Jr. c/o Fisher Auction Company Inc. License: 1 NY Broker No.:10311203946