Updated 2 months ago
Off Market
493 Clinton Ave
Clinton Hill, Brooklyn | Fulton Street & Gates Ave
3,366 Square FeetIncome Property
$2,900,000
floors / apts4 / 11
Lot Size37'x120'
Built Size22'x65'
ZoneR7A
Building TypeTownhouse
RE Taxes$51,672
Price Per SF
$862
Building Amenities
- Voice Intercom
- Driveway
- Garage
- Gated Entry
Property Description for 493 Clinton Ave
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 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.
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 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.
Listing History for 493 Clinton Ave
Now
06/15/2026
Expired by Vicki V. Negron
Corcoran
02/03/2026
$2,900,000 [-$600,000] [17.1%]
Price Drop by Vicki V. Negron
Corcoran
Building Details for 493 Clinton Ave
OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts4/11
Transit and Citi Bike
Subway
Clinton-Washington Avs
0.06 miles
Clinton-Washington Avs
0.31 miles
Lafayette Av
0.41 miles
Bergen St
0.48 miles
Railroad
Atlantic TerminalLong Island Rail Road
0.47 miles
Citi Bike
Fulton St & Waverly Ave
0.05 miles
Fulton St & Clermont Ave
0.13 miles
Clinton Hill | Brooklyn
Quick Profile
Tucked behind the Brooklyn Navy Yard in central Brooklyn is the quiet residential neighborhood of Clinton Hill. Once a strictly working-class neighborhood, Clinton Hill has become known for its elegant brownstones and stately mansions that were built as Manhattanites crossed the East River in the 1920s in search of the supposed health benefits that came from living “on the hill,” which has an elevation of 95 feet. Now you will also find newer luxury apartment and condo buildings interspersed throughout the neighborhood.
The Pratt Institute and St. Joseph College give the area a certain energy that comes from having a college in your town, while it’s leafy streets, some with their original cobblestones, and slower pace attract young families. Millennials and professionals are flocking to Clinton Hill in search of a reasonably priced neighborhood that offers both nightlife and an easy commute to Manhattan. Clinton Hill is a beautiful neighborhood with a suburban feel and firm roots in its past that also offers plenty of urban amenities.
New businesses are showing up in Clinton Hill on a regular basis, adding to the current proliferation of coffee shops, restaurants, and bars. As the population changes, new entertainment and nightlife venues are migrating to the area to meet the demand. Barclays Center is within easy walking distance, offering exciting sporting events and concerts.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 104289TH
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