Sold Out: Eight Condos at 820 Classon Avenue in Crown Heights

Sold Out

Nov 1

820 Classon Avenue is an eight-condo building on Classon Avenue between St. Johns Place and Lincoln Place in Crown Heights, a few minutes from Prospect Park and the Brooklyn Museum. An existing four-story residential building was enlarged and rebuilt, and with the penthouse going into contract on October 26, every home is now sold or in contract, about six months after sales launched.

Where Things Stand

As of November 1, 2026, seven of the eight homes at 820 Classon Avenue have closed and the penthouse is in contract. The Attorney General accepted the offering plan on April 10, 2026. The first homes listed on April 21, 2026, and the last contract was signed on October 26, 2026, about six months later. The only other Brooklyn project of 7 to 29 homes I've tracked to a sellout, 755 Washington Avenue, also took about six months, so this one moved at a similar pace. The developer is Investmates Real Estate Development. Want to see upcoming projects by this sponsor? Reach out below.

Homes here will now come up only as resales. Join my early access list below and you'll hear when one does, or when a similar building launches nearby, before it reaches StreetEasy.

The Numbers So Far

As of November 1, 2026, from recorded sales and the last asking price for the penthouse, which is still in contract:

Total sellout: about $10.97 million across eight homes
Residence 1F: a duplex studio with 1.5 baths, about 661 square feet, sold for $495,000
Residence 1R: a one-bedroom duplex with a private backyard and a finished basement, about 1,042 square feet, sold for $860,421
Residence 2F: a one-bedroom of about 578 square feet, sold for $675,000
Residence 2R: a one-bedroom plus den of about 751 square feet, sold for $802,254
Residences 3F, 4F and 5F: two-bedroom, two-bath homes of about 1,353 to 1,363 square feet with private balconies. 3F sold for $1,715,513, 4F for $1,875,000 and 5F for $1,900,000
Penthouse (6F): a three-bedroom, three-bath duplex of about 1,639 square feet with a 492-square-foot private roof terrace and keyed elevator entry, in contract at a last asking price of $2,650,000 (first listed in May at $2,850,000)
Average price per square foot: about $1,180
Monthly costs: common charges plus taxes of about $550 to $2,150
Time to sell out: about six months from first listing to last contract
Compared with other new development in Crown Heights: about $1,180 per square foot here, against about $1,391 at 701 Prospect Place, $1,225 at 582 Park Place and $988 at 811 Classon Avenue

Example sales: Residence 5F, a two-bedroom with a balcony, sold for $1,900,000, and Residence 1R, a one-bedroom duplex with a backyard, sold for $860,421.

Buying in a New Development?

New construction works differently than a resale: offering plans, sponsor contracts, closing costs and timelines all have their own rules.

Read my guide to buying a new development condo →

A Closer Look at the Building

The building mixes small and large homes: a duplex studio and three one-bedrooms on the lower floors, three two-bedrooms with balconies above, and a penthouse duplex with a private roof terrace and keyed elevator entry. Every home has an in-unit washer and dryer and central heating and cooling. The one to note for outdoor space below the penthouse is 1R, a duplex with its own backyard and a finished basement.

Crown Heights Highlights

This stretch of Classon Avenue is about as close to Prospect Park as Crown Heights gets, with the Brooklyn Museum, the Brooklyn Botanic Garden and Grand Army Plaza all a short walk away, and the cafes and restaurants of Franklin and Washington Avenues a few blocks in either direction.

The 2 and 3 at Eastern Parkway-Brooklyn Museum, about a 4-minute walk
The 2, 3, 4 and 5 at Franklin Avenue and the shuttle at Botanic Garden, about 6 minutes on foot
Prospect Park, the Brooklyn Botanic Garden and the Brooklyn Museum, all within a few minutes

Katie's Take

I track every new development in Brooklyn, and here's how this one compares: 820 Classon Avenue sold below 701 Prospect Place and close to 582 Park Place on price per square foot, which is a fair price for a location this close to Prospect Park. Most of the smaller homes went into contract within a few weeks, while the penthouse took a price cut and a relaunch before it found a buyer, a pattern I keep seeing in Crown Heights: demand is strongest under about $2 million. If you're looking near the park in that range, 598 Sterling Place and 811 Classon Avenue are still selling nearby.