850 Clarkson AVE Brooklyn, NY 11203
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 990235
Rental Info No
Year Built 1931
Annual Tax Amount $28,000
Property Sub-Type Multi Family
Source onekey2
Property Description
This 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 Component
Four (4) fully renovated apartments
(2) Four-bedroom units
(2) Two-bedroom units
Each unit features independent boilers for separate heating control
100% occupied with Section 8 tenants, providing reliable, government-backed income
All Apartments Free Market with annual leases
Commercial Component
Two Street-level retail storefront(s)
Fully renovated spaces
Separate utilities for commercial tenants
Investment Highlights
Minimal owner expenses: landlord responsible only for water and common area electricity
Fully upgraded systems: plumbing, electrical, and heating
Immediate cash flow
Strong tenant demand in high-growth submarket
Location & Growth Drivers
Strategically 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 2026
564 Utica Avenue (Utica Crescent) – ~325 Units Under Development
These 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 Summary
This offering combines:
Stable, government-backed residential income
Retail upside potential
Low management intensity
Positioning in a growth corridor
Ideal for investors
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Heating Baseboard, ENERGY STAR Qualified Equipment, Natural Gas
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Concrete, Hardwood, Tile, Wood
Fireplace No
Exterior
Parking Features On Street
Utilities Available 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 Connected
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition Real Estate Owned
