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
September 7, 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
The IDX display contains information sourced from the Real Estate Board of New York as of 9/7/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Real Estate Board of New York all rights reserved.
Data last updated on 9/7/2024 at 11:13 PM UTC
