631 Franklin Avenue

Crown Heights

$2,100,000
Price
6
Beds
2
Baths
3,400 Sq. Ft.
$618 / Sq. Ft.
3,400
Sq. Ft.
$618
per Sq. Ft.

Description

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...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' × 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.
  1. Listed by Gamal Hasan • Bellmarc • 3 Spaces

Amenities

  • Ground Floor
  • High Ceilings
  • Walk Up
  • Garage
  • Basement
  • Full Basement
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/03/2024 12:01 PM

Property Details for 631 Franklin Avenue

StatusActive
MLS ID484044
Days on Market188
Taxes$12,802 / year
Maintenance-
Min. Down Pymt-
Total Rooms10.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1905
Lot Size1,600 SF
CountyKings County

Building Information for 631 Franklin Avenue

Stories3Residences-Year Built1905Lot Size1,600 SFBuilding Age-Building Type-

Property Information for 631 Franklin Avenue

Summary
Location and General Information
  • Block: 1211
  • Number Of Stories: 1
  • Cross Street Name: Dean St
  • Cross Street Name: Bergen St
  • Zoning: R7A
  • Roof: Asphalt/Tar, Flat
Parking
  • Parking Attributes: 3 Spaces
  • Parking Feature Single: Private Drive
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 12802.0
Virtual Tour
  • Virtual Tour URL Branded: www.Bellmarc.com
Property
Lot Information
  • Sq Ft Total: 3400
  • Yard: None
  • Lot Number: 1
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Cellar, Full, Unfinished
  • Commercial Features Interior: None
  • Foundation Details: Stone
  • Flooring: Hardwood, Laminate, Linoleum
  • Unit Count: 3
  • Lavatories: 1
  • Construction Materials: Brick
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 900.0
  • Building Length: 45.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Baths Full: 0
  • Unit Baths Half: 1.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 0
  • Unit Category: Store
  • Unit Floor: 1/1
  • Unit Rooms Total: 0
  • Unit Status: No Lease
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 2/1
  • Unit Rooms Total: 5
  • Unit Status: No Lease
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 3/2
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 3 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No

Property History for 631 Franklin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 631 Franklin Avenue

Taxable ValueLand$117,900Additions$303,750Total$421,650
Home Facts
Total Finished SqFt3,400 SqFtLot Size1,600 SqFtYear Built1905ZoningR7AAPN3012110001

Schools near 631 Franklin Avenue

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Brooklyn Arts and Science Elementary School
PublicPK to 5

Ebbetts Field Middle School
Public6 to 8

ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL
Public9 to 12

W E B Dubois Academic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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631 Franklin Avenue is a mixed use property for sale in Crown Heights. This property was listed for sale on June 20, 2024 by Bellmarc, it's currently listed at $2,100,000. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include Brooklyn Arts and Science Elementary School, Ebbetts Field Middle School and ASPIRATIONS DIPLOMA PLUS HIGH SCHOOL. 631 Franklin Avenue is a 6-bed, 2-bath, 3,400 sqft mixed use property built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bellmarc

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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 information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.