850 Clarkson Avenue, Brooklyn, NY 11203
Kings (Brooklyn) County
Key Facts
Description
Fully Renovated Mixed-Use Property for Sale 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
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1931
Stories
3
Living Area
9,000 sq ft
Lot Size
2,500 sq ft
Days on Market
3
MLS® Listing#
990235
Property Features
Cooling
Heating
Flooring
Basement
Parking
Construction
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$28,000
Parcel Number
3046370010
Directions
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Affordability Calculator
$799,800
Estimated monthly payment
$21,284/mo
Principal $3,199,200 · Est. interest $4,463,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $991,912
- Median Listing Price
- 83
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,891
- Active Listings
- This home’s price is 303% above the area median.
- Its price per sq ft is 22% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Points of Interest in Brooklyn, NY
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Nearby Schools
P.S. 268
Elementary · 0.1 mi away
Public School 36/1232
School · 0.2 mi away
Is 232
Secondary · 0.2 mi away
Mt. Olive Bible Institute and Seminary
School · 0.3 mi away
Kamit Preparatory Institute
School · 0.3 mi away
PS 135 Sheldon A Brookner
Elementary · 0.3 mi away
P. S 219 Kennedy- King Elementary School
Elementary · 0.4 mi away
Lamad Academy Charter School
Elementary · 0.4 mi away
Excelsior Elementary School
Elementary · 0.5 mi away
Achievement First Crown Heights Elementary School
Elementary · 0.5 mi away
Ateres Chaya Mushka
School · 0.5 mi away
Baby Paradise
School · 0.5 mi away
Uncommon Kings Middle School
Secondary · 0.5 mi away
Is 252
Secondary · 0.5 mi away
PS 398 Walter Weaver
Elementary · 0.5 mi away
PS 770 New American Academy
Elementary · 0.5 mi away
Is 391
Secondary · 0.5 mi away
New Heights Middle School
Secondary · 0.5 mi away
East Brooklyn Community High School
Secondary · 0.6 mi away
Friends of Crown Heights Educational Centers
School · 0.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1759 Rockway Parkway, Brooklyn, NY | $2,800,000 | — | — | 38 |
| 827 49th Street, Brooklyn, NY | $2,800,000 | 12 | — | 5,280 |
| 318 23rd Street, Brooklyn, NY | $2,800,000 | — | — | 5,940 |
| 318 23rd Street, Brooklyn, NY | $2,800,000 | — | — | 5,940 |
| 827 49th Street, Brooklyn, NY | $2,800,000 | — | — | 5,280 |
| 506 Avenue C, Brooklyn, NY | $2,800,000 | — | — | 2,078 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Real Estate Concept Group Inc - 7862461709
Presented by: Nison Izgelov
Fair Housing Notice