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$3,900,000
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Property 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 (4) Four 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
Full Property Details
Full Property Details for 850 Clarkson Ave
General
- Price: $3,900,000
- Taxes: $28,000
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 990289
- Updated: 4/24/2026
- Added to Site: 81 day(s) ago
Interior
- Interior Features: Breakfast Bar, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entrance Foyer, Formal Dining, Galley Type Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Low Flow Plumbing Fixtures, Marble Counters, Natural Woodwork, Open Kitchen, Primary Bathroom
Rooms
Bedrooms
- Total Bedrooms: 10
Parking
- Parking Features: None
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: ENERGY STAR Qualified Equipment
- Heating Type: ENERGY STAR Qualified Equipment
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Trash Collection
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Energy Star, Foam Insulation, ICFs (Insulated Concrete Forms), Other, Stucco
- Basement: Yes
- Basement Desc.: Finished, Full Basement, Walk-Out Access
- Year Built: 1931
Lot Features
- Lot Size (Sq. Ft.): 2,500
- Lot Features: Corner Lot, Near School, Near Shops, Other, Paved, Private, See Remarks, Views
Financial Considerations
- Tax Amount: $28,000
Disclosures and Reports
- Special Conditions: None
Listed by Real Estate Concept Group Inc
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Schools
Schools serving 850 Clarkson Ave
School District:New York City Geographic School District 18
| Name | Grades | Distance |
|---|---|---|
Ps 268 Emma Lazarus 133 East 53rd Street, Brooklyn, NY 11203 | K-5 | 0.1 mi |
Middle School of Media Law and Fine Arts (The) 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.2 mi |
Middle School Of Marketing And Legal Studies 905 Winthrop Street, Brooklyn, NY 11203 | 6-8 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 850 Clarkson Ave
Date
Details
Price
Change
Source
4/24/2026
Listed
$3,900,000
348.22%
MLS
11/25/2016
Sold
$870,100
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 850 Clarkson Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$28,568
—
$388,800
70%
2025
$28,568
7%
$228,542
-33%
2024
$26,579
—
$342,360
20%
2023
$26,579
5%
$285,300
-20%
2022
$25,322
15%
$356,850
43%
2021
$21,930
6%
$249,300
6%
2020
$20,647
8%
$235,980
—
2019
$19,117
1%
$235,980
54%
2017
$18,890
—
$153,270
3%
2017
$18,890
7%
$148,519
8%
2016
$17,729
8%
$137,518
8%
2015
$16,404
-8%
$127,332
8%
2014
$17,804
3%
$117,900
-13%
2013
$17,237
—
$135,444
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 850 Clarkson Ave
850 Clarkson Ave, Brooklyn, NY 11203 (MLS# 990289) is a Multi-Family property with 6 units containing 10 bedrooms and 0 full bathrooms. 850 Clarkson Ave is currently listed for $3,900,000 and was received on April 24, 2026. Want to learn more about 850 Clarkson Ave? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

