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

May 8, 2024

Listed

October 2, 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

Listed by Sebastian Lopera with Corcoran Group
Listing Contact: (917) 549-2428 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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 on 10/2/2024 at 7:09 AM UTC

 

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