493 CLINTON Avenue, Brooklyn, NY 11238

$3,500,000

Prime Clinton Hill Multifamily Investment With Major Development Upside - 493 Clinton Ave 493 Clinton Avenue is a rare four-story multifamily opportunity positioned in the heart of Clinton Hill, one of Brooklyn's most desirable and architecturally rich neighborhoods. Located directly above the G, C, and A subway lines, the… Read More building offers exceptional transportation access, making it highly attractive for current and future tenants. The property contains 11 rent-stabilized apartments generating $209,285.52 in annual income, with a legal potential rent roll of $242,549.16, providing immediate revenue stability with built-in upside. Several units have been partially renovated, improving rental appeal while maintaining long-term regulatory consistency. Sitting on a 37.08' 120' lot, the structure currently occupies 22' 65', totaling 5,740 sq ft. With an FAR of 4.0, the site offers a maximum buildable area of 17,800 sq ft, leaving over 12,000 sq ft of unused development rights. The property is not landmarked and not in a historic district, allowing flexibility for expansion or full-scale redevelopment. Additional features include a curb cut, private driveway and rear garage, an extremely valuable amenity in this part of Brooklyn. This building will NOT be delivered vacant. Buyer assumes all tenants. Neighborhood Highlights - Clinton Hill Clinton Hill is known for its tree-lined streets, historic brownstones, cultural institutions, and vibrant community atmosphere. Residents enjoy: A thriving restaurant and café scene, with everything from modern bistros and neighborhood bars to long-established eateries, offering diverse cuisines and lively street activity. Proximity to Pratt Institute, infusing the area with creative energy, public art, and a steady demand for quality housing. Green spaces and playgrounds, providing a peaceful residential feel amid the urban setting. Boutique shops, local markets, and independent retailers that contribute to the neighborhood's distinct character. Close access to Fort Greene, Downtown Brooklyn, and Prospect Heights, placing additional entertainment, cultural venues, and commercial corridors just minutes away. Clinton Hill continues to see strong demand from renters and investors alike, making 493 Clinton Ave an exceptional opportunity combining stable income, substantial development potential, and prime location. Read Less

Listing Courtesy of: Vicki V Negron, Corcoran Group

Listing Snapshot

Days Online

Last Updated

Jan 14, 2026

Property Type

MultiFamily

Beds

Full Baths

Square Ft.

5,720

Lot Size

0.1 Acres

Year Built

1930

MLS Number

RLS20065965

30 Days Snapshot Of 11238

$1.73M

+31%

(avg) sold price

-71%

homes sold

Snapshot

Area Map

Additional Details

Building

Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 20, Structure Type: Townhouse

Exterior Features

Patio And Porch Features: None

Interior Features

Interior Features: SmokeFree

Lot

Parcel Number: 01977-0002

Property

Property Sub Type: MultiFamily, View: Other

Taxes

Tax Annual Amount: $51,672, Tax Block: 01977, Tax Lot: 0002

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

Manhattan

Brooklyn

493 CLINTON Avenue

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Become an Insider