493 CLINTON AVENUE · #TWNHS
Description
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.
Price history
Every list / cut / contract / sold event we've recorded.
- price decreaseFeb 3, 2026$2.90M-17.1%Price decreased 17%
- listedJan 9, 2026$3.50MListed by Corcoran
In-building transactions
Every recorded deed (incl. private + sponsor) for this BBL - actual prices paid.
Open violations + recent permits
DOB / HPD signals for this BBL.
- B§ 27-2026 ADM CODE REPAIR THE LEAKY AND/OR DEFECTIVE FAUCETS AT SINK IN THE KITCHENETTE LOCATED AT APT 3R, 2nd STORY, 1st APARTMENT FROM NORTH AT EASTFeb 6, 2026 · apt 3R
- B§ 27-2045(B)(1)(A) HMC, § 12-01, § 12-03 RCNY REPAIR, REPLACE OR PROVIDE AN APPROVED AND OPERATIONAL SMOKE DETECTING DEVICE, INSTALLED IN ACCORDANCE WITH DEPARTMENT OF BUILDINGS RULES AND REGULATIONS MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 3R, 2nd STORY, 1st APARTMENT FROM NORTH AT EASTFeb 6, 2026 · apt 3R
- B§ 27-2045(B)(1)(B) HMC, § 12-06, § 12-07, § 12-09 RCNY REPAIR, REPLACE OR PROVIDE AN APPROVED AND OPERATIONAL CARBON MONOXIDE DETECTING DEVICE, INSTALLED IN ACCORDANCE WITH APPLICABLE LAW AND RULES MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 3R, 2nd STORY, 1st APARTMENT FROM NORTH AT EASTFeb 6, 2026 · apt 3R
- C§ 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MISSING OR DEFECTIVE HINGES AT VESTIBULE DOORJan 9, 2026
- I§27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITED FROM CERTIFYING VIOLATIONS, AND DENIED THE RIGHT TO RECOVER POSSESSION OF PREMISES FOR NONPAYMENT OF RENT UNTIL A VALID REGISTRATION STATEMENT IS FILED.Nov 20, 2025
- A(A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPDS WEBSITE, WWW.NYC.GOV\HPD, SEARCH BED BUGS.Mar 22, 2023
- B§ 27-2005, 2007 ADM CODE REMOVE ALL ENCUMBRANCES CONSISTING OF HOUSEHOLD ARTICLES AT BASEMENT AT PUBLIC HALLMar 21, 2023
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE FIRE RETARDANT MATERIAL AT CEILING AT PUBLIC HALL, 3rd STORYMar 21, 2023
- B§ 27-2005 ADM CODE REPLACE WITH NEW THE MISSING SADDLE AT VESTIBULE ENTRANCE AT BASEMENT AT PUBLIC HALLMar 21, 2023
- A§ 27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND THE ADDRESS OF THE BUILDING. AT PUBLIC HALLMar 21, 2023
- B§ 27-2050 ADM CODE PROVIDE A PIECE OF GARDEN HOSE 10 FEET IN LENGTH WITH FEMALE COUPLING AND A 10 QUART PAIL ON PREMISES TO TEST SPRINKLER SYSTEM.Mar 21, 2023
- A§ 26-1103 ADMIN. CODE: POST AND MAINTAIN A PROPER NOTICE ON WALL OF THE ENTRANCE STORY IN ENGLISH AND SPANISH ON THE AVAILABILITY OF THE AGENCYS HOUSING INFORMATION GUIDE. A SAMPLE NOTICE CAN BE FOUND AT WWW.NYC.GOV/HPD. AT PUBLIC HALLMar 21, 2023
- A§ 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BOX [ MISSING NOTICE ] AT PUBLIC HALLMar 21, 2023
- A§ 27-2005 HMC: POST, IN A FORM APPROVED BY THE COMMISSIONER, AND MAINTAIN A NOTICE IN A COMMON AREA OF THE BUILDING REGARDING THE PROCEDURES THAT SHOULD BE FOLLOWED WHEN A GAS LEAK IS SUSPECTEDMar 21, 2023
- B§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE ERODED FACADE STUCCO AT EXTERIOR WEST WALL OF BUILDING FRONT EXTENDING BETWEEN 2ND AND 3RD STORY.Mar 21, 2023