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850 Clarkson Avenue, Brooklyn, NY 11203

$3,999,000

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New to the Market

BEDS0 BATHS MLS#990235

STATUSActive PROPERTY TYPECommercial - Foreclosure

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Property Description

Fully Renovated Mixed-Use Property for SaleThis 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 ComponentFour (4) fully renovated apartments (2) Four-bedroom units (2) Two-bedroom unitsEach unit features independent boilers for separate heating control100% occupied with Section 8 tenants, providing reliable, government-backed incomeAll Apartments Free Market with annual leasesCommercial ComponentTwo Street-level retail storefront(s)Fully renovated spacesSeparate utilities for commercial tenantsInvestment HighlightsMinimal owner expenses: landlord responsible only for water and common area electricityFully upgraded systems: plumbing, electrical, and heatingImmediate cash flowStrong tenant demand in high-growth submarketLocation & Growth DriversStrategically 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 2026564 Utica Avenue (Utica Crescent) - ~325 Units Under DevelopmentThese 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 SummaryThis offering combines:Stable, government-backed residential incomeRetail upside potentialLow management intensityPositioning in a growth corridorIdeal for investors

850 Clarkson Avenue | MLS# 990235

This commercial property located at 850 Clarkson Avenue, Brooklyn, NY 11203 is currently listed for sale with an asking price of $3,999,000. Search Brooklyn real estate on www.laffey.com today.

Property Features

Property Type: Commercial - Foreclosure

Basement: Yes

Basement: Finished, Full

Cooling: Wall/Window Unit(s)

Heating: Baseboard, ENERGY STAR Qualified Equipment, Natural

Lot Size: 0.06 Acres

Stories: 3.0

Taxes: $28,000

Year Built: 1931

Feature Descriptions

Building Area Total: 9000

Cap Rate: 7

Exterior: Brick

Flooring: Ceramic Tile, Concrete, Hardwood, Tile, Wood

Fuel Expense: 0

On Market Date: 2026-04-24

Parking Features: On Street

Parking Total: 0

Property Attached Y/N: 1

Rental Term: Monthly

Security: yes

Security Features: Fire Alarm, Fire Escape, Security System

Separate Gas Meters: 5

Sewer: Public Sewer

Tenant Pays: Electricity, Gas, Heat

Trash Expense: 0

Units: 8

Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection Public, Underground Utilities, Water Available, Water Con

Water: Public

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Greenvale, NY 11548

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850 Clarkson Avenue, Brooklyn, NY 11203

Property Description

850 Clarkson Avenue | MLS# 990235

Property Features

Feature Descriptions

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850 Clarkson Avenue, Brooklyn, NY 11203

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