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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