Active
631 Franklin Avenue
Brooklyn NY, 11238
$2,100,000
$617.65 per sqft
Active
3,400 sqft
Multi-family
Built in 1905
Welcome to a distinguished corner property nestled in the dynamic Crown Heights neighborhood of Brooklyn. This impressive investment opportunity spans three stories plus a basement, featuring a first-level commercial space and two upper rental apartments, complemented by three garages. Strategically positioned at the intersection of Crown Heights and Prospect Heights, this brick beauty offers versatility and potential for both investors and owner-occupiers. The ground floor boasts a prominent commercial area with excellent visibility, ideal for attracting foot traffic and enhancing business prospects. Above, two well-appointed apartments promise comfortable living spaces for tenants seeking the quintessential Brooklyn experience. Spread across a generous 20' x 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights (subject to architect/engineer confirmation). This significant potential allows for future expansion, making it a standout opportunity in Brooklyn's competitive real estate market. The full basement with high ceilings offers ample storage or workshop space, catering to a variety of needs and enhancing the property's utility. Beyond its physical attributes, enjoys a prime location near bustling dining and retail hubs along Franklin, Flatbush, Washington, and Vanderbilt Avenues. Residents and tenants benefit from seamless access to transportation with nearby train and bus services, ensuring effortless connectivity throughout the city. The property is being offered subject to the existing tenancy on the first and second floors, with the top-floor apartment available for immediate occupancy, this property offers a balanced blend of stability and flexibility for prospective buyers.
484044
MLSⓇ ID
August 8, 2024
Listed
December 3, 2024
Updated
Map
631 Franklin Avenue
Brooklyn NY, 11238
Interior Features
Total Stories
3
Interior Features
Hardwood, Laminate
Appliances
Gas Water Heater
Floor Description
Hardwood, Laminate
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Steam, Natural Gas
Exterior/Building Features
Lot Size
0.04 Acres
Roof
Asphalt
Other Property Details
Area Name
Brooklyn
Taxes
$12,802
Tax Frequency
Annually
Days on Market
166
Garage
No
View
No
County
Kings
Pool
No
Zoning
R7A
Listed by Gamal Hasan with Bellmarc
Listing Contact: 7187684500
Based on information from Brooklyn Board of REALTORS®. Data last updated 12/3/2024. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Parkview Terrace Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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