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In contract
  • $2,100,000

    631 Franklin Ave, Brooklyn, NY 11238

    6beds
    3,400sqft
    Building
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $618/sqft
    $-- HOA

    What's special

    First-level commercial spaceStrategic corner propertyCorner property
    Welcome to 631 Franklin Ave, 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' x 80' lot with R7A zoning, this property also presents an additional 3,000 square feet of buildable air rights. 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, 631 Franklin Ave 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. Don't let this exceptional opportunity pass you by. Discover the potential of 631 Franklin Ave today and envision the possibilities of owning a strategic corner property in one of Brooklyn's most vibrant neighborhoods. Schedule your viewing now and seize this chance to invest in prime Brooklyn real estate.
    327 days
    on Zillow
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    53
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    Zillow last checked: 7 hours ago

    Listing updated: May 12, 2025 at 04:42pm

    Listing by:

    BELLMARC 718-768-4500,

    Gamal Hasan

    Source: StreetEasy,MLS#: S1723179
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 3,400
    • Total interior livable area: 3,400 sqft

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Has view: Yes
    • View description: Garden
    Details
    • Parcel number: 012110001
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Building
    Condition
    • Year built: 1905

    Community & HOA

    Community
    • Subdivision: Crown Heights
    HOA
    • Services included: Maintenance
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $618/sqft
    • Tax assessed value: $937,000
    • Annual tax amount: $12,804
    • Date on market: 6/20/2024
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