The New York Multifamily team is pleased to offer 451 Classon Ave, a fully vacant, corner mixed-use property located at the border of Clinton Hill and Bed-Stuy.
The building features three residential units and one retail space, offering investors a clean slate for a full repositioning in a location surrounded by strong rental demand and ongoing development.
With a newly reduced asking price of $2,400,000 and a basis of just $744/SF, this is a rare opportunity to acquire a value-add asset in a premier corridor. All four units require a full gut renovation, and the building’s existing C/O reflects a 2-over-1 layout, allowing for potential Alt-1 reconfiguration to legalize the current setup. The property benefits from excellent natural light, two private outdoor spaces + roof
Situated just off the Fulton Street corridor and steps from the Classon Avenue G train, 451 Classon offers seamless access to Manhattan and the surrounding neighborhoods of Fort Greene, Bed-Stuy, and Prospect Heights. Corner properties in this condition and location are extremely rare, and the full vacancy allows new ownership to execute their plan the day it closes