Active

685 Franklin Avenue

Brooklyn NY, 11238

$4,000,000


$1,646.09 per sqft

Active

18 Beds

14 Baths

2,430 sqft

Other

We are excited to announce a once in a lifetime opportunity to own a piece of iconic Brooklyn. Welcome to 685 Franklin Avenue; this picture worthy and eye catching corner building sits on a 2790 corner lot located only 6 blocks from Prospect Park. Perfectly situated on one of the most desirable intersections where Prospect Place meets Franklin Avenue.

Fantastic investment opportunity features 14 rent stabilized units with 1 commercial space. Meticulously maintained building with most units recently updated. This solid investment brings $26,993.15 in monthly rent roll.

2 Studios
6 One Bedrooms
6 Two Bedrooms
1 Garage
1 Commercial space with 10 year lease

Capital improvements include recently updated roof and electric/gas meters/water heaters in 2021

AMAZING 4.32%CAP

Short distance to the 2,3,4,5,A,C,& S trains, 25 minutes from NYC. Walk to Brooklyn Prospect Park, Botanic Garden & Downtown Brooklyn.

RPLU-33422969629

MLS ID

April 16, 2024

Listed

May 13, 2024

Updated

Map

685 Franklin Avenue
Brooklyn NY, 11238

Interior Features

Total Stories

4


Bedrooms

18


Total Bathrooms

14


Full Bathrooms

14


Laundry Description

In Unit


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Taxes

$59,808


Tax Frequency

Annually


Garage

Yes


Garage Spaces

1


Parking

Assigned, Garage


View

No


View Description

Other


County

Kings


Pool

No


Buyer Agency Compensation

2%

Courtesy of Corcoran Group with Anna Mishina,
Listing Contact: (929) 312-7707 

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2024 The Real Estate Board of New York, Inc., All rights reserved

Data last updated 10:19 PM UTC, 5/13/2024

 

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