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.
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
- 327 days
- on Zillow |
- 53 |
- 0 |
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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