Fully Renovated Property for Sale – 850 Clarkson Ave
This turnkey, property is an exceptional investment opportunity, delivered fully occupied for immediate cash flow.
Residential Units
Total of four modern apartments:
(2) four-bedroom units
(2) two-bedroom units
Each unit equipped with its own dedicated boiler for independent heating
All residential tenants guaranteed by the Section 8 program, ensuring stable, government-backed rental income
Separate utilities for commercial tenants
Investment Highlights
Projected NOI: $257,000
Owner pays only for water and common area electricity
Updated systems throughout: plumbing, electrical, and heating
High rental demand in a rapidly developing neighborhood
Strong Future Growth Potential
The property is located near major developments that will add over 1,000 new residential units within a 2-mile radius by 2026:
329 Clarkson Ave (Clarkson Estates): 328 units under development – Learn more
564 Utica Ave (Utica Crescent): 325 units planned – Learn more
These projects are expected to further boost local demand and long-term value.
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Listing Snapshot
Price
$3,999,999
Days On Site
37 Days
Bedrooms
N/A
Inside Area (SqFt)
9,000 sqft
Total Baths
7
Full Baths
7
Partial Baths
N/A
Lot Size
0.0551 Acres
Year Built
1931
MLS® Number
888205
Status
Active
Property Tax
$26,579.4
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a month ago
Listing first seen on site
a month ago
Listing updated with changes from the MLS®
General Features
Acres
0.0551
Cross Street
Utica Ave
Property Condition
New ConstructionUpdated/Remodeled
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Real Estate Owned
SqFt Total
9000
Utilities
Natural Gas AvailableCable AvailableElectricity AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailablePhone ConnectedSewer ConnectedUnderground UtilitiesWater AvailableWater Connected
Water Source
Public
Interior Features
Basement
Finished
Cooling
Wall/Window Unit(s)
Heating
BaseboardNatural GasOther
Interior
High CeilingsHigh Speed InternetKitchen IslandNatural WoodworkOpen FloorplanOtherTile Counters
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Exterior Features
Construction Details
Brick
Community Features
School District
Brooklyn
Schools
School District
Brooklyn
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Real Estate Concept Group Inc BoomRealtor@Gmail.Com
Based on information submitted to the MLS GRID as of 2025-08-18 11:37 AM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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