631 Franklin Avenue
$2,100,000
6
2
3,400
3,400
$618
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.
- Listed by Gamal Hasan • Bellmarc • 3 Spaces
Amenities
- Ground Floor
- High Ceilings
- Walk Up
- Garage
- Basement
- Full Basement
- Parking Included
- Lowrise
LISTING UPDATED: 10/03/2024 02:02 PM
Property Details for 631 Franklin Avenue
Status | Active |
---|---|
MLS ID | 484044 |
Days on Market | 156 |
Taxes | $12,802 / year |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 10.0 |
Compass Type | Mixed Use |
MLS Type | Mixed Use |
Year Built | 1905 |
Lot Size | 1,600 SF |
County | Kings County |
Building Information for 631 Franklin Avenue
Stories3Residences-Year Built1905Lot Size1,600 SFBuilding Age-Building Type-
Property Information for 631 Franklin Avenue
Property History for 631 Franklin Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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