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
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